69,974 Shares in Sally Beauty Holdings, Inc. (NYSE:SBH) Purchased by Connor Clark & Lunn Investment Management Ltd.

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

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP raised its stake in shares of Sally Beauty by 369.3% in the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer's stock valued at $40,000 after acquiring an additional 2,345 shares during the last quarter. Point72 DIFC Ltd acquired a new position in Sally Beauty in the third quarter worth $64,000. R Squared Ltd bought a new stake in shares of Sally Beauty during the fourth quarter worth $56,000. KBC Group NV grew its holdings in shares of Sally Beauty by 89.0% during the fourth 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 last quarter. Finally, Wealth Advisory Solutions LLC acquired a new stake in shares of Sally Beauty in the fourth quarter valued at $105,000.

Analyst Ratings Changes

A number of equities analysts have weighed in on SBH shares. 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 research note on Tuesday, January 21st. DA Davidson dropped their price objective on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. TD Cowen upgraded Sally Beauty from a "hold" rating to a "buy" rating and increased their price objective for the company from $14.00 to $16.00 in a research report on Monday, November 25th. StockNews.com upgraded Sally Beauty from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Finally, Canaccord Genuity Group initiated coverage on Sally Beauty in a report 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 assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Sally Beauty has an average rating of "Hold" and a consensus target price of $12.70.

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Sally Beauty Trading Down 2.8 %

NYSE:SBH traded down $0.25 during mid-day trading on Tuesday, hitting $8.66. The company had a trading volume of 1,788,600 shares, compared to its average volume of 1,617,307. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. Sally Beauty Holdings, Inc. has a fifty-two week low of $8.25 and a fifty-two week high of $14.79. The firm has a market cap of $882.92 million, a P/E ratio of 5.19 and a beta of 1.54. The business's fifty day moving average is $9.77 and its two-hundred day moving average is $11.61.

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