XTX Topco Ltd acquired a new position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 105,009 shares of the specialty retailer's stock, valued at approximately $1,097,000. XTX Topco Ltd owned about 0.10% of Sally Beauty as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its position in Sally Beauty by 2.3% during 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 purchasing an additional 59,478 shares during the period. M&T Bank Corp lifted its holdings in shares of Sally Beauty by 127.4% during the fourth quarter. M&T Bank Corp now owns 64,352 shares of the specialty retailer's stock worth $672,000 after buying an additional 36,057 shares during the last quarter. Hillsdale Investment Management Inc. bought a new position in Sally Beauty during the fourth quarter worth $3,177,000. Barclays PLC raised its stake in Sally Beauty by 36.6% during the 3rd quarter. Barclays PLC now owns 212,159 shares of the specialty retailer's stock valued at $2,878,000 after purchasing an additional 56,879 shares during the last quarter. Finally, Amundi grew its position in Sally Beauty by 1,215.4% in the 4th quarter. Amundi now owns 237,700 shares of the specialty retailer's stock worth $2,555,000 after purchasing an additional 219,630 shares during the last quarter.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the stock. Morgan Stanley reduced their target price on shares of Sally Beauty from $12.00 to $10.00 and set an "underweight" rating for the company in a research note on Tuesday, January 21st. Canaccord Genuity Group assumed coverage on Sally Beauty in a report on Thursday, January 16th. They set a "buy" rating and a $14.00 price objective on the stock. StockNews.com upgraded shares of Sally Beauty from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Finally, DA Davidson reduced their price objective on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating for the company in a report on Tuesday, February 18th. One equities 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. According to MarketBeat, Sally Beauty has a consensus rating of "Hold" and an average target price of $12.70.
Read Our Latest Analysis on SBH
Sally Beauty Trading Down 2.0 %
Shares of SBH traded down $0.17 during trading hours on Monday, reaching $7.94. The stock had a trading volume of 184,207 shares, compared to its average volume of 1,737,696. The company has a market cap of $809.00 million, a P/E ratio of 4.75 and a beta of 1.35. Sally Beauty Holdings, Inc. has a 52 week low of $7.54 and a 52 week high of $14.79. 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 50-day moving average of $8.85 and a 200 day moving average of $10.98.
Sally Beauty (NYSE:SBH - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, hitting analysts' consensus estimates of $0.43. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The company had revenue of $937.90 million for the quarter, compared to analyst estimates of $941.44 million. On average, sell-side analysts expect that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.
About Sally Beauty
(
Free Report)
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.
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