Connor Clark & Lunn Investment Management Ltd. Invests $731,000 in Sally Beauty Holdings, Inc. (NYSE:SBH)

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 69,974 shares of the specialty retailer's stock, valued at approximately $731,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.07% of Sally Beauty at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SBH. Quarry LP raised its position in shares of Sally Beauty by 369.3% during the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer's stock worth $40,000 after acquiring an additional 2,345 shares during the last quarter. R Squared Ltd bought a new position in Sally Beauty during the 4th quarter worth approximately $56,000. KBC Group NV lifted its position in shares of Sally Beauty by 89.0% in the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer's stock worth $61,000 after purchasing an additional 2,764 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Sally Beauty in the 3rd quarter valued at $64,000. Finally, Wealth Advisory Solutions LLC acquired a new stake in shares of Sally Beauty during the fourth quarter worth $105,000.

Sally Beauty Stock Up 2.5 %

NYSE SBH traded up $0.22 during mid-day trading on Wednesday, hitting $8.88. The company's stock had a trading volume of 1,523,572 shares, compared to its average volume of 2,479,898. The company has a current ratio of 2.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.43. The company's 50 day simple moving average is $9.77 and its 200 day simple moving average is $11.61. Sally Beauty Holdings, Inc. has a twelve month low of $8.25 and a twelve month high of $14.79. The firm has a market capitalization of $904.84 million, a price-to-earnings ratio of 5.31 and a beta of 1.54.

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Sally Beauty (NYSE:SBH - Get Free Report) last posted its earnings results on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. The company had revenue of $937.90 million during the quarter, compared to the consensus estimate of $941.44 million. Analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.

Analyst Ratings Changes

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

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.