Algert Global LLC Grows Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Algert Global LLC lifted its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 672.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,470 shares of the specialty retailer's stock after purchasing an additional 70,923 shares during the quarter. Algert Global LLC owned 0.08% of Sally Beauty worth $1,106,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Marshall Wace LLP purchased a new stake in Sally Beauty in the 2nd quarter valued at $11,796,000. Dimensional Fund Advisors LP raised its position in Sally Beauty by 34.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,287,674 shares of the specialty retailer's stock valued at $35,276,000 after buying an additional 833,720 shares during the last quarter. Millennium Management LLC raised its position in Sally Beauty by 945.0% in the 2nd quarter. Millennium Management LLC now owns 847,956 shares of the specialty retailer's stock valued at $9,099,000 after buying an additional 766,815 shares during the last quarter. Maverick Capital Ltd. raised its position in Sally Beauty by 141.3% in the 2nd quarter. Maverick Capital Ltd. now owns 262,481 shares of the specialty retailer's stock valued at $2,816,000 after buying an additional 153,707 shares during the last quarter. Finally, AXA S.A. raised its position in Sally Beauty by 446.7% in the 2nd quarter. AXA S.A. now owns 166,519 shares of the specialty retailer's stock valued at $1,787,000 after buying an additional 136,062 shares during the last quarter.

Insiders Place Their Bets

In other Sally Beauty news, CAO Kim Mcintosh sold 4,300 shares of the firm's stock in a transaction dated 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 transaction, the chief accounting officer now owns 16,685 shares in the company, valued at $242,433.05. This trade represents a 20.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott C. Sherman sold 13,500 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.49, for a total value of $195,615.00. Following the completion of the transaction, the insider now owns 42,431 shares of the company's stock, valued at approximately $614,825.19. This represents a 24.14 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

Sally Beauty Stock Performance

Shares of SBH stock traded down $0.21 on Friday, hitting $13.93. 1,242,834 shares of the stock were exchanged, compared to its average volume of 1,411,567. The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $1.42 billion, a PE ratio of 9.82 and a beta of 1.53. Sally Beauty Holdings, Inc. has a one year low of $9.06 and a one year high of $14.79. The firm's 50 day moving average is $13.11 and its two-hundred day moving average is $12.05.

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