Ranmore Fund Management Ltd Invests $8.52 Million in Sally Beauty Holdings, Inc. (NYSE:SBH)

Ranmore Fund Management Ltd purchased a new position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 815,000 shares of the specialty retailer's stock, valued at approximately $8,517,000. Sally Beauty accounts for 7.9% of Ranmore Fund Management Ltd's portfolio, making the stock its 6th biggest holding. Ranmore Fund Management Ltd owned about 0.80% of Sally Beauty at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Quarry LP boosted its holdings in Sally Beauty by 369.3% in the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer's stock valued at $40,000 after purchasing an additional 2,345 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of Sally Beauty by 119.1% during the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock valued at $39,000 after buying an additional 2,012 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Sally Beauty during the third quarter worth approximately $64,000. R Squared Ltd bought a new stake in shares of Sally Beauty in the fourth quarter worth $56,000. Finally, KBC Group NV raised its holdings in Sally Beauty by 89.0% in the fourth 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 in the last quarter.

Sally Beauty Stock Up 1.9 %

Sally Beauty stock traded up $0.16 during trading hours on Friday, hitting $8.51. The company had a trading volume of 2,152,687 shares, compared to its average volume of 1,729,810. The firm's fifty day moving average is $9.03 and its 200-day moving average is $11.18. The firm has a market capitalization of $867.12 million, a P/E ratio of 5.09 and a beta of 1.35. Sally Beauty Holdings, Inc. has a fifty-two week low of $7.54 and a fifty-two week high of $14.79. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44.

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Sally Beauty (NYSE:SBH - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. The firm had revenue of $937.90 million for the quarter, compared to analyst estimates of $941.44 million. On average, research analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.

Analyst Ratings Changes

SBH has been the topic of several research analyst reports. Morgan Stanley reduced their price target on shares of Sally Beauty from $12.00 to $10.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 21st. StockNews.com upgraded Sally Beauty from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. DA Davidson reduced their price objective on Sally Beauty from $13.00 to $10.50 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Finally, Canaccord Genuity Group started coverage on shares of Sally Beauty in a report on Thursday, January 16th. They set a "buy" rating and a $14.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $12.70.

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.