Charles Schwab Investment Management Inc. Purchases 59,478 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Charles Schwab Investment Management Inc. lifted its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 2.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,605,586 shares of the specialty retailer's stock after acquiring an additional 59,478 shares during the period. Charles Schwab Investment Management Inc. owned approximately 2.56% of Sally Beauty worth $27,228,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Lightrock Netherlands B.V. bought a new stake in shares of Sally Beauty in the 4th quarter valued at about $9,413,000. FMR LLC lifted its position in Sally Beauty by 2.6% in the third quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer's stock valued at $208,928,000 after purchasing an additional 387,736 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Sally Beauty by 306.7% during the third quarter. JPMorgan Chase & Co. now owns 341,465 shares of the specialty retailer's stock valued at $4,634,000 after purchasing an additional 257,510 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Sally Beauty during the third quarter valued at approximately $1,080,000. Finally, Walleye Capital LLC grew its holdings in shares of Sally Beauty by 1,114.5% in the third quarter. Walleye Capital LLC now owns 82,657 shares of the specialty retailer's stock worth $1,122,000 after purchasing an additional 75,851 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Canaccord Genuity Group began coverage on shares of Sally Beauty in a report on Thursday, January 16th. They set a "buy" rating and a $14.00 price target for the company. Morgan Stanley dropped their target price on shares of Sally Beauty from $12.00 to $10.00 and set an "underweight" rating for the company in a 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. TD Cowen upgraded Sally Beauty from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $14.00 to $16.00 in a research report on Monday, November 25th. Finally, DA Davidson reduced their target price 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Sally Beauty has a consensus rating of "Hold" and an average price target of $12.70.

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Sally Beauty Stock Up 1.2 %

Sally Beauty stock traded up $0.11 during trading hours on Friday, hitting $8.61. 1,972,710 shares of the stock traded hands, compared to its average volume of 1,614,678. Sally Beauty Holdings, Inc. has a one year low of $8.27 and a one year high of $14.79. The company has a market cap of $877.42 million, a PE ratio of 5.15 and a beta of 1.54. The firm's 50-day moving average price is $9.92 and its two-hundred day moving average price is $11.70. The company has a current ratio of 2.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.43.

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