Lightrock Netherlands B.V. Buys New Shares in Sally Beauty Holdings, Inc. (NYSE:SBH)

Lightrock Netherlands B.V. purchased a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 896,307 shares of the specialty retailer's stock, valued at approximately $9,413,000. Sally Beauty makes up about 3.3% of Lightrock Netherlands B.V.'s portfolio, making the stock its 10th biggest holding. Lightrock Netherlands B.V. owned 0.88% of Sally Beauty at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Hancock Whitney Corp lifted its position in shares of Sally Beauty by 1.9% during the 3rd quarter. Hancock Whitney Corp now owns 40,661 shares of the specialty retailer's stock worth $552,000 after buying an additional 773 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Sally Beauty by 2.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,196 shares of the specialty retailer's stock worth $549,000 after buying an additional 1,395 shares in the last quarter. Quarry LP lifted its position in shares of Sally Beauty by 369.3% during the 3rd quarter. Quarry LP now owns 2,980 shares of the specialty retailer's stock worth $40,000 after buying an additional 2,345 shares in the last quarter. DGS Capital Management LLC lifted its position in shares of Sally Beauty by 6.0% during the 3rd quarter. DGS Capital Management LLC now owns 45,529 shares of the specialty retailer's stock worth $618,000 after buying an additional 2,575 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Sally Beauty by 89.0% during the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer's stock worth $61,000 after buying an additional 2,764 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have commented on SBH shares. Raymond James raised shares of Sally Beauty from an "underperform" rating to a "market perform" rating in a research report on Friday, November 15th. TD Cowen raised shares of Sally Beauty from a "hold" rating to a "buy" rating and lifted their price target for the stock from $14.00 to $16.00 in a report on Monday, November 25th. StockNews.com cut shares of Sally Beauty from a "buy" rating to a "hold" rating in a report on Tuesday. DA Davidson lifted their price target on shares of Sally Beauty from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Friday, November 15th. Finally, Canaccord Genuity Group started coverage on shares of Sally Beauty in a report on Thursday, January 16th. They issued a "buy" rating and a $14.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $13.20.

Sally Beauty Stock Performance

Sally Beauty stock traded down $0.33 during mid-day trading on Friday, reaching $9.26. The company's stock had a trading volume of 3,339,594 shares, compared to its average volume of 2,395,020. Sally Beauty Holdings, Inc. has a 12-month low of $9.06 and a 12-month high of $14.79. The company has a market capitalization of $943.51 million, a P/E ratio of 6.43 and a beta of 1.55. 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 firm's fifty day moving average price is $11.04 and its two-hundred day moving average price is $12.14.

Sally Beauty (NYSE:SBH - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share for the quarter, meeting analysts' consensus estimates of $0.43. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. Sell-side analysts predict that Sally Beauty Holdings, Inc. will post 1.84 EPS for the current fiscal year.

Insider Activity at Sally Beauty

In other news, CAO Kim Mcintosh sold 4,300 shares of the business's 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 completion of the transaction, the chief accounting officer now directly owns 16,685 shares in the company, valued at $242,433.05. The trade was a 20.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Scott C. Sherman sold 13,500 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $14.49, for a total transaction of $195,615.00. Following the transaction, the insider now owns 42,431 shares of the company's stock, valued at $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. 1.56% of the stock is owned by company insiders.

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.