Dimensional Fund Advisors LP Buys 833,720 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Dimensional Fund Advisors LP boosted its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 34.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,287,674 shares of the specialty retailer's stock after purchasing an additional 833,720 shares during the period. Dimensional Fund Advisors LP owned about 3.18% of Sally Beauty worth $35,276,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Sally Beauty by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 13,784,422 shares of the specialty retailer's stock valued at $183,057,000 after buying an additional 52,343 shares during the last quarter. Schroder Investment Management Group increased its holdings in Sally Beauty by 53.6% during the fourth quarter. Schroder Investment Management Group now owns 5,532,978 shares of the specialty retailer's stock worth $73,478,000 after buying an additional 1,931,188 shares during the last quarter. Wasatch Advisors LP raised its position in Sally Beauty by 16.8% during the first quarter. Wasatch Advisors LP now owns 3,731,016 shares of the specialty retailer's stock worth $46,339,000 after acquiring an additional 535,753 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Sally Beauty by 1.4% in the second quarter. Victory Capital Management Inc. now owns 3,504,710 shares of the specialty retailer's stock valued at $37,606,000 after acquiring an additional 48,497 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Sally Beauty by 4.9% during the 1st quarter. Principal Financial Group Inc. now owns 1,436,185 shares of the specialty retailer's stock worth $17,837,000 after purchasing an additional 67,563 shares during the last quarter.

Wall Street Analyst Weigh In

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

Sally Beauty Stock Down 1.3 %

Shares of Sally Beauty stock traded down $0.17 during trading hours on Wednesday, reaching $13.32. The company's stock had a trading volume of 908,494 shares, compared to its average volume of 1,400,812. The company has a market capitalization of $1.38 billion, a P/E ratio of 9.06 and a beta of 1.53. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.40 and a current ratio of 2.12. Sally Beauty Holdings, Inc. has a one year low of $7.21 and a one year high of $13.94. The stock's fifty day simple moving average is $12.21 and its two-hundred day simple moving average is $11.50.

Sally Beauty (NYSE:SBH - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The specialty retailer reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.05. Sally Beauty had a net margin of 3.99% and a return on equity of 31.88%. The company had revenue of $942.30 million for the quarter, compared to analysts' expectations of $931.77 million. During the same period in the prior year, the company posted $0.49 EPS. Sally Beauty's revenue was up 1.2% compared to the same quarter last year. On average, research analysts forecast that Sally Beauty Holdings, Inc. will post 1.66 earnings per share for the current year.

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.