Access Investment Management LLC Has $3.18 Million Stock Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Access Investment Management LLC lifted its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 21.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 303,845 shares of the specialty retailer's stock after buying an additional 53,670 shares during the quarter. Access Investment Management LLC owned about 0.30% of Sally Beauty worth $3,175,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SBH. Hancock Whitney Corp lifted its position in Sally Beauty by 1.9% during the third quarter. Hancock Whitney Corp now owns 40,661 shares of the specialty retailer's stock worth $552,000 after purchasing an additional 773 shares during the period. Quarry LP raised its position in shares of Sally Beauty by 369.3% in the 3rd quarter. Quarry LP now owns 2,980 shares of the specialty retailer's stock valued at $40,000 after buying an additional 2,345 shares in the last quarter. DGS Capital Management LLC lifted its holdings in shares of Sally Beauty by 6.0% during the 3rd quarter. DGS Capital Management LLC now owns 45,529 shares of the specialty retailer's stock worth $618,000 after acquiring an additional 2,575 shares during the period. KBC Group NV boosted its position in shares of Sally Beauty by 89.0% during the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer's stock worth $61,000 after acquiring an additional 2,764 shares in the last quarter. Finally, Creative Planning increased its stake in Sally Beauty by 9.7% in the third quarter. Creative Planning now owns 38,046 shares of the specialty retailer's stock valued at $516,000 after acquiring an additional 3,349 shares during the last quarter.

Remove Ads

Analysts Set New Price Targets

Several research firms have weighed in on SBH. Raymond James upgraded Sally Beauty from an "underperform" rating to a "market perform" rating in a research note on Friday, November 15th. Morgan Stanley dropped their price objective on Sally Beauty from $12.00 to $10.00 and set an "underweight" rating for the company in a research report on Tuesday, January 21st. DA Davidson decreased their target price on Sally Beauty from $13.00 to $10.50 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. TD Cowen raised Sally Beauty from a "hold" rating to a "buy" rating and boosted their target price for the stock from $14.00 to $16.00 in a research note on Monday, November 25th. Finally, Canaccord Genuity Group initiated coverage on shares of Sally Beauty in a research note on Thursday, January 16th. They issued a "buy" rating and a $14.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $12.70.

Sally Beauty Trading Down 4.1 %

Sally Beauty stock traded down $0.39 during trading hours on Wednesday, hitting $9.19. The stock had a trading volume of 2,631,222 shares, compared to its average volume of 2,502,076. The business's 50 day simple moving average is $10.58 and its 200-day simple moving average is $12.12. Sally Beauty Holdings, Inc. has a one year low of $8.88 and a one year high of $14.79. The stock has a market cap of $936.96 million, a price-to-earnings ratio of 5.50 and a beta of 1.55. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.43. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. The business had revenue of $937.90 million during the quarter, compared to analyst estimates of $941.44 million. On average, equities analysts predict that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal 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.