Point72 Asia Singapore Pte. Ltd. Sells 12,012 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Point72 Asia Singapore Pte. Ltd. decreased its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 73.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,279 shares of the specialty retailer’s stock after selling 12,012 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Sally Beauty were worth $45,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SBH. Federated Hermes Inc. lifted its holdings in shares of Sally Beauty by 119.1% during the fourth quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer’s stock worth $39,000 after purchasing an additional 2,012 shares during the period. R Squared Ltd acquired a new stake in Sally Beauty during the 4th quarter valued at approximately $56,000. KBC Group NV boosted its holdings in shares of Sally Beauty by 89.0% in the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer’s stock valued at $61,000 after acquiring an additional 2,764 shares during the last quarter. Wealth Advisory Solutions LLC acquired a new stake in shares of Sally Beauty in the fourth quarter worth $105,000. Finally, Quarry LP raised its holdings in shares of Sally Beauty by 302.2% during the fourth quarter. Quarry LP now owns 11,986 shares of the specialty retailer’s stock worth $125,000 after purchasing an additional 9,006 shares during the last quarter.

Analysts Set New Price Targets

SBH has been the topic of several recent research reports. Morgan Stanley lowered their price target on shares of Sally Beauty from $12.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, January 21st. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, DA Davidson dropped their target price on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Sally Beauty presently has an average rating of “Hold” and an average price target of $12.70.

Sally Beauty Stock Up 0.9%

SBH stock opened at $9.17 on Monday. Sally Beauty Holdings, Inc. has a one year low of $7.54 and a one year high of $14.79. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. The firm’s fifty day moving average is $8.52 and its 200 day moving average is $10.36. The firm has a market cap of $934.92 million, a PE ratio of 5.49 and a beta of 1.33.

Sally Beauty (NYSE:SBH) last posted its earnings results on Monday, May 12th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. The business had revenue of $883.15 million for the quarter, compared to analyst estimates of $901.00 million. During the same period in the prior year, the company posted $0.35 EPS. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, research analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

Sally Beauty Profile

Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.