ExodusPoint Capital Management LP Has $3.91 Million Stock Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

ExodusPoint Capital Management LP increased its position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 126.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 374,162 shares of the specialty retailer's stock after acquiring an additional 208,567 shares during the quarter. ExodusPoint Capital Management LP owned about 0.37% of Sally Beauty worth $3,910,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SBH. Charles Schwab Investment Management Inc. increased its position in Sally Beauty by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,605,586 shares of the specialty retailer's stock worth $27,228,000 after acquiring an additional 59,478 shares during the period. M&T Bank Corp lifted 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 worth $672,000 after acquiring an additional 36,057 shares during the period. Hillsdale Investment Management Inc. bought a new stake in shares of Sally Beauty in the 4th quarter valued at approximately $3,177,000. Barclays PLC lifted its position in shares of Sally Beauty by 36.6% during the 3rd quarter. Barclays PLC now owns 212,159 shares of the specialty retailer's stock worth $2,878,000 after buying an additional 56,879 shares during the period. Finally, Amundi boosted its stake in shares of Sally Beauty by 1,215.4% in the 4th 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 in the last quarter.

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Sally Beauty Trading Up 1.9 %

Shares of NYSE:SBH traded up $0.16 during mid-day trading on Friday, reaching $8.51. The stock had a trading volume of 2,152,687 shares, compared to its average volume of 1,729,810. The firm has a 50 day simple moving average of $9.03 and a two-hundred day simple moving average of $11.18. The firm has a market cap of $867.12 million, a PE ratio of 5.09 and a beta of 1.35. Sally Beauty Holdings, Inc. has a twelve month low of $7.54 and a twelve month high of $14.79. 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 posted its earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The firm had revenue of $937.90 million for the quarter, compared to analyst estimates of $941.44 million. On average, research analysts predict that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

Analysts Set New Price Targets

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