Citigroup Inc. Buys 60,928 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Citigroup Inc. grew its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 22.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 331,961 shares of the specialty retailer's stock after purchasing an additional 60,928 shares during the quarter. Citigroup Inc. owned approximately 0.32% of Sally Beauty worth $4,505,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. DekaBank Deutsche Girozentrale bought a new stake in shares of Sally Beauty during the first quarter valued at about $64,000. Quest Partners LLC increased its stake 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 position in shares of Sally Beauty during the third quarter valued at approximately $94,000. Algert Global LLC bought a new stake in Sally Beauty during the second quarter worth approximately $113,000. Finally, Meeder Asset Management Inc. acquired a new stake in Sally Beauty in the second quarter worth approximately $117,000.

Wall Street Analysts Forecast Growth

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

Insider Activity at Sally Beauty

In related news, insider Scott C. Sherman sold 13,500 shares of the firm's stock in a transaction on 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 directly owns 42,431 shares of the company's stock, valued at $614,825.19. This trade represents a 24.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Kim Mcintosh sold 4,300 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $14.53, for a total transaction of $62,479.00. Following the completion of the sale, the chief accounting officer now directly owns 16,685 shares in the company, valued at $242,433.05. This trade represents a 20.49 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.36% of the company's stock.

Sally Beauty Stock Down 1.6 %

Shares of NYSE SBH traded down $0.22 during mid-day trading on Tuesday, reaching $13.71. The company had a trading volume of 1,828,895 shares, compared to its average volume of 1,415,415. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.45 and a current ratio of 2.20. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 9.51 and a beta of 1.51. The stock has a fifty day moving average of $13.14 and a two-hundred day moving average of $12.10. Sally Beauty Holdings, Inc. has a 12-month low of $9.06 and a 12-month high of $14.79.

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

Sally Beauty Company 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.