Hillsdale Investment Management Inc. Purchases New Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

Hillsdale Investment Management Inc. purchased a new stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 303,976 shares of the specialty retailer's stock, valued at approximately $3,177,000. Hillsdale Investment Management Inc. owned approximately 0.30% of Sally Beauty at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SBH. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Sally Beauty during the 3rd quarter worth about $771,000. Intech Investment Management LLC raised its stake in shares of Sally Beauty by 96.1% in the third quarter. Intech Investment Management LLC now owns 27,134 shares of the specialty retailer's stock worth $368,000 after purchasing an additional 13,298 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Sally Beauty by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,546,108 shares of the specialty retailer's stock worth $34,551,000 after purchasing an additional 80,712 shares during the period. Citigroup Inc. increased its holdings in Sally Beauty by 22.5% in the 3rd quarter. Citigroup Inc. now owns 331,961 shares of the specialty retailer's stock worth $4,505,000 after buying an additional 60,928 shares during the period. Finally, Algert Global LLC raised its position in Sally Beauty by 672.4% during the 3rd quarter. Algert Global LLC now owns 81,470 shares of the specialty retailer's stock worth $1,106,000 after buying an additional 70,923 shares during the last quarter.

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Sally Beauty Price Performance

Shares of Sally Beauty stock traded up $0.31 during trading hours on Thursday, reaching $9.16. The stock had a trading volume of 1,816,236 shares, compared to its average volume of 1,618,655. The stock's 50 day moving average is $9.73 and its 200 day moving average is $11.59. 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 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 $934.20 million, a PE ratio of 5.49 and a beta of 1.54.

Sally Beauty (NYSE:SBH - Get Free Report) last released 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 return on equity of 30.35% and a net margin of 4.73%. The company had revenue of $937.90 million during the quarter, compared to analysts' expectations of $941.44 million. Equities analysts expect that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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