Dynamic Technology Lab Private Ltd Buys 74,120 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Dynamic Technology Lab Private Ltd grew its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 428.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,424 shares of the specialty retailer's stock after acquiring an additional 74,120 shares during the period. Dynamic Technology Lab Private Ltd owned 0.09% of Sally Beauty worth $955,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its stake in shares of Sally Beauty by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,605,586 shares of the specialty retailer's stock valued at $27,228,000 after purchasing an additional 59,478 shares during the last quarter. M&T Bank Corp increased its holdings in shares of Sally Beauty by 127.4% during the 4th quarter. M&T Bank Corp now owns 64,352 shares of the specialty retailer's stock valued at $672,000 after acquiring an additional 36,057 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in Sally Beauty during the fourth quarter worth approximately $3,177,000. Barclays PLC raised its position in shares of Sally Beauty by 36.6% in the third quarter. Barclays PLC now owns 212,159 shares of the specialty retailer's stock valued at $2,878,000 after purchasing an additional 56,879 shares during the period. Finally, Amundi raised its position in shares of Sally Beauty by 1,215.4% in the fourth quarter. Amundi now owns 237,700 shares of the specialty retailer's stock valued at $2,555,000 after purchasing an additional 219,630 shares during the period.

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Wall Street Analysts Forecast Growth

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

Sally Beauty Stock Performance

Shares of NYSE:SBH traded down $0.15 during trading on Friday, hitting $8.20. 545,040 shares of the stock were exchanged, compared to its average volume of 1,722,259. The company's fifty day simple moving average is $9.08 and its 200-day simple moving average is $11.21. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. The company has a market capitalization of $836.23 million, a price-to-earnings ratio of 4.90 and a beta of 1.35. Sally Beauty Holdings, Inc. has a 1-year low of $7.54 and a 1-year high of $14.79.

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