Jane Street Group LLC Has $3.22 Million Stake in Sally Beauty Holdings, Inc. (NYSE:SBH)

Jane Street Group LLC cut its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 28.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 237,444 shares of the specialty retailer's stock after selling 96,694 shares during the quarter. Jane Street Group LLC owned 0.23% of Sally Beauty worth $3,222,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Sally Beauty in the 2nd quarter worth approximately $289,000. Bank of New York Mellon Corp grew its position in Sally Beauty by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 985,489 shares of the specialty retailer's stock worth $10,574,000 after buying an additional 9,924 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Sally Beauty by 18.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,686 shares of the specialty retailer's stock valued at $222,000 after buying an additional 3,158 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Sally Beauty by 4.4% during the 2nd quarter. Rhumbline Advisers now owns 334,459 shares of the specialty retailer's stock valued at $3,589,000 after acquiring an additional 14,046 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its stake in shares of Sally Beauty by 120.7% during the 2nd quarter. Wolverine Asset Management LLC now owns 100,567 shares of the specialty retailer's stock worth $1,079,000 after acquiring an additional 55,000 shares in the last quarter.

Insiders Place Their Bets

In other Sally Beauty news, CAO Kim Mcintosh sold 4,300 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $14.53, for a total transaction of $62,479.00. Following the transaction, the chief accounting officer now directly owns 16,685 shares of the company's stock, valued at $242,433.05. This represents a 20.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Scott C. Sherman sold 13,500 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $14.49, for a total value of $195,615.00. Following the transaction, the insider now owns 42,431 shares in the company, valued at approximately $614,825.19. This trade represents a 24.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.56% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on SBH. TD Cowen raised Sally Beauty from a "hold" rating to a "buy" rating and upped their target price for the company from $14.00 to $16.00 in a report on Monday, November 25th. Raymond James raised shares of Sally Beauty from an "underperform" rating to a "market perform" rating in a research note on Friday, November 15th. Morgan Stanley raised their target price on shares of Sally Beauty from $8.00 to $12.00 and gave the stock an "underweight" rating in a report on Friday, November 15th. DA Davidson upped their price target on shares of Sally Beauty from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Friday, November 15th. Finally, StockNews.com raised shares of Sally Beauty from a "hold" rating to a "buy" rating in a research note on Saturday, November 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Sally Beauty presently has an average rating of "Hold" and an average target price of $13.50.

Sally Beauty Stock Down 2.6 %

Shares of SBH stock traded down $0.31 during trading on Friday, hitting $11.55. 3,927,303 shares of the company were exchanged, compared to its average volume of 1,442,147. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 8.02 and a beta of 1.51. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.45 and a current ratio of 2.20. The business's 50-day simple moving average is $12.99 and its 200 day simple moving average is $12.22. Sally Beauty Holdings, Inc. has a twelve month low of $9.06 and a twelve month high of $14.79.

Sally Beauty (NYSE:SBH - Get Free Report) last issued its earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The company had revenue of $935.00 million during the quarter, compared to analyst estimates of $935.88 million. During the same quarter last year, the business posted $0.42 EPS. The company's revenue for the quarter was up 1.5% on a year-over-year basis. As a group, analysts forecast that Sally Beauty Holdings, Inc. will post 1.85 EPS for the current fiscal 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.