Cinctive Capital Management LP Invests $834,000 in Sally Beauty Holdings, Inc. (NYSE:SBH)

Cinctive Capital Management LP acquired a new position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 61,425 shares of the specialty retailer's stock, valued at approximately $834,000. Cinctive Capital Management LP owned about 0.06% of Sally Beauty as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale bought a new position in shares of Sally Beauty during the first quarter valued at $64,000. Quest Partners LLC lifted its holdings in shares of Sally Beauty by 16,095.6% during the second quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer's stock valued at $78,000 after acquiring an additional 7,243 shares during the period. nVerses Capital LLC acquired a new stake in shares of Sally Beauty in the third quarter valued at $94,000. Algert Global LLC acquired a new stake in shares of Sally Beauty in the second quarter valued at $113,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Sally Beauty in the second quarter valued at $117,000.

Analysts Set New Price Targets

SBH has been the subject of several analyst reports. StockNews.com upgraded Sally Beauty from a "hold" rating to a "buy" rating in a research report on Saturday, November 23rd. DA Davidson upped their price objective on Sally Beauty from $12.00 to $13.00 and gave the stock a "neutral" rating in a research note on Friday, November 15th. Morgan Stanley boosted their target price on Sally Beauty from $8.00 to $12.00 and gave the stock an "underweight" rating in a report on Friday, November 15th. TD Cowen raised Sally Beauty from a "hold" rating to a "buy" rating and upped their price objective for the company from $14.00 to $16.00 in a report on Monday, November 25th. Finally, Raymond James raised Sally Beauty from an "underperform" rating to a "market perform" rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Sally Beauty presently has a consensus rating of "Hold" and a consensus target price of $13.50.

Insider Buying and Selling

In related news, insider Scott C. Sherman sold 13,500 shares of Sally Beauty stock in a transaction on Monday, November 25th. The stock was sold at an average price of $14.49, for a total transaction of $195,615.00. Following the sale, the insider now directly owns 42,431 shares in the company, valued at approximately $614,825.19. This trade represents a 24.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Kim Mcintosh sold 4,300 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $14.53, for a total value of $62,479.00. Following the completion of the sale, the chief accounting officer now directly owns 16,685 shares of the company's stock, valued at $242,433.05. This represents a 20.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by insiders.

Sally Beauty Trading Up 1.2 %

Sally Beauty stock traded up $0.16 during trading hours on Wednesday, hitting $13.87. The stock had a trading volume of 1,675,759 shares, compared to its average volume of 1,416,544. The company has a quick ratio of 0.45, a current ratio of 2.20 and a debt-to-equity ratio of 1.56. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 9.52 and a beta of 1.51. Sally Beauty Holdings, Inc. has a one year low of $9.06 and a one year high of $14.79. The business's 50 day simple moving average is $13.14 and its 200-day simple moving average is $12.12.

Sally Beauty (NYSE:SBH - Get Free Report) last issued its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. The company had revenue of $935.00 million during the quarter, compared to analysts' expectations of $935.88 million. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The business's quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 earnings per share. On average, equities analysts predict that Sally Beauty Holdings, Inc. will post 1.85 EPS for the current fiscal year.

About Sally Beauty

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.