52,951 Shares in Sally Beauty Holdings, Inc. (NYSE:SBH) Purchased by Jennison Associates LLC

Jennison Associates LLC acquired a new stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 52,951 shares of the specialty retailer's stock, valued at approximately $553,000. Jennison Associates LLC owned approximately 0.05% of Sally Beauty at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Quarry LP raised its holdings 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 buying an additional 2,345 shares during the last quarter. R Squared Ltd bought a new position in shares of Sally Beauty in the fourth quarter worth about $56,000. KBC Group NV grew its stake 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 valued at $61,000 after purchasing an additional 2,764 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Sally Beauty in the third quarter valued at approximately $64,000. Finally, nVerses Capital LLC bought a new position in Sally Beauty in the 3rd quarter worth approximately $94,000.

Insider Buying and Selling at Sally Beauty

In other Sally Beauty news, insider Scott C. Sherman sold 13,500 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.49, for a total transaction of $195,615.00. Following the completion of the transaction, the insider now owns 42,431 shares of the company's stock, valued at $614,825.19. This represents a 24.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Kim Mcintosh sold 4,300 shares of Sally Beauty stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 16,685 shares in the company, valued at $242,433.05. This trade represents a 20.49 % 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.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Raymond James raised Sally Beauty from an "underperform" rating to a "market perform" rating in a research note on Friday, November 15th. Canaccord Genuity Group assumed coverage on Sally Beauty in a report on Thursday, January 16th. They set a "buy" rating and a $14.00 price objective for the company. 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 note on Tuesday, January 21st. StockNews.com raised shares of Sally Beauty from a "hold" rating to a "buy" rating in a research note on Saturday, November 23rd. Finally, TD Cowen raised Sally Beauty from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $14.00 to $16.00 in a research note on Monday, November 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $13.20.

Sally Beauty Trading Up 1.0 %

Sally Beauty stock traded up $0.10 during mid-day trading on Tuesday, hitting $9.67. 2,442,731 shares of the company's stock were exchanged, compared to its average volume of 2,141,660. The company's 50 day simple moving average is $11.28 and its 200-day simple moving average is $12.19. The company has a quick ratio of 0.45, a current ratio of 2.20 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $984.67 million, a P/E ratio of 6.71 and a beta of 1.55. Sally Beauty Holdings, Inc. has a fifty-two week low of $9.06 and a fifty-two week high of $14.79.

Sally Beauty (NYSE:SBH - Get Free Report) last released its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The company had revenue of $935.00 million for the quarter, compared to analyst estimates of $935.88 million. During the same quarter last year, the firm posted $0.42 earnings per share. Sally Beauty's revenue was up 1.5% compared to the same quarter last year. On average, equities analysts anticipate that Sally Beauty Holdings, Inc. will post 1.84 earnings per share for the current year.

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.