Maverick Capital Ltd. Purchases 153,707 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Maverick Capital Ltd. grew its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 141.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 262,481 shares of the specialty retailer's stock after purchasing an additional 153,707 shares during the quarter. Maverick Capital Ltd. owned approximately 0.26% of Sally Beauty worth $2,816,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Wasatch Advisors LP purchased a new position in shares of Sally Beauty in the 4th quarter valued at $42,433,000. Schroder Investment Management Group grew its position in shares of Sally Beauty by 53.6% during the 4th quarter. Schroder Investment Management Group now owns 5,532,978 shares of the specialty retailer's stock valued at $73,478,000 after buying an additional 1,931,188 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Sally Beauty during the 2nd quarter valued at about $11,796,000. Dimensional Fund Advisors LP grew its position in shares of Sally Beauty by 34.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,287,674 shares of the specialty retailer's stock valued at $35,276,000 after buying an additional 833,720 shares during the last quarter. Finally, Invenomic Capital Management LP bought a new position in Sally Beauty in the 4th quarter worth about $8,258,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SBH. StockNews.com raised shares of Sally Beauty from a "hold" rating to a "buy" rating in a research note on Monday, September 16th. Piper Sandler dropped their price objective on shares of Sally Beauty from $14.00 to $13.00 and set an "overweight" rating on the stock in a research note on Thursday, July 11th. Finally, DA Davidson reiterated a "neutral" rating and issued a $12.00 price objective on shares of Sally Beauty in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Sally Beauty has a consensus rating of "Hold" and an average target price of $11.00.

Sally Beauty Stock Performance

Sally Beauty stock traded up $0.08 during mid-day trading on Friday, reaching $13.42. The company had a trading volume of 1,007,215 shares, compared to its average volume of 1,405,460. The company has a 50 day moving average of $12.12 and a 200-day moving average of $11.48. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 9.13 and a beta of 1.54. Sally Beauty Holdings, Inc. has a 52 week low of $7.21 and a 52 week high of $13.94. The company has a quick ratio of 0.40, a current ratio of 2.12 and a debt-to-equity ratio of 1.69.

Sally Beauty (NYSE:SBH - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The specialty retailer reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.05. The company had revenue of $942.30 million during the quarter, compared to the consensus estimate of $931.77 million. Sally Beauty had a net margin of 3.99% and a return on equity of 31.88%. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm earned $0.49 EPS. On average, sell-side analysts expect that Sally Beauty Holdings, Inc. will post 1.66 EPS for the current fiscal 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.