XTX Topco Ltd Purchases Shares of 105,009 Sally Beauty Holdings, Inc. (NYSE:SBH)

XTX Topco Ltd purchased a new stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) in the 4th quarter, Holdings Channel.com reports. The fund purchased 105,009 shares of the specialty retailer’s stock, valued at approximately $1,097,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Sally Beauty by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 12,428,715 shares of the specialty retailer’s stock worth $129,880,000 after purchasing an additional 279,222 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Sally Beauty by 4.5% during the fourth quarter. Victory Capital Management Inc. now owns 3,671,306 shares of the specialty retailer’s stock worth $38,365,000 after acquiring an additional 156,580 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Sally Beauty by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,605,586 shares of the specialty retailer’s stock worth $27,228,000 after acquiring an additional 59,478 shares during the period. Geode Capital Management LLC boosted its holdings in Sally Beauty by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer’s stock valued at $32,790,000 after acquiring an additional 43,016 shares during the last quarter. Finally, Invesco Ltd. increased its position in Sally Beauty by 102.1% during the 4th quarter. Invesco Ltd. now owns 1,418,465 shares of the specialty retailer’s stock valued at $14,823,000 after purchasing an additional 716,613 shares during the period.

Sally Beauty Stock Down 5.4 %

Shares of NYSE SBH opened at $8.01 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43. The firm has a market cap of $816.14 million, a PE ratio of 4.79 and a beta of 1.35. The company’s fifty day simple moving average is $8.94 and its 200 day simple moving average is $11.11. Sally Beauty Holdings, Inc. has a 12-month low of $7.54 and a 12-month high of $14.79.

Sally Beauty (NYSE:SBH) last released its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.43. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. The company had revenue of $937.90 million for the quarter, compared to analysts’ expectations of $941.44 million. As a group, sell-side analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SBH shares. Canaccord Genuity Group began coverage on shares of Sally Beauty in a research report on Thursday, January 16th. They issued a “buy” rating and a $14.00 price target on the stock. StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Morgan Stanley decreased their price target on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, January 21st. Finally, DA Davidson lowered their price objective on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.70.

Sally Beauty Company 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.