AQR Capital Management LLC Sells 57,070 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

AQR Capital Management LLC reduced its stake in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 13.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 381,815 shares of the specialty retailer's stock after selling 57,070 shares during the period. AQR Capital Management LLC owned approximately 0.37% of Sally Beauty worth $4,082,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. DekaBank Deutsche Girozentrale bought a new position in Sally Beauty in the 1st quarter valued at $64,000. Quest Partners LLC lifted its position in Sally Beauty by 16,095.6% during the 2nd quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer's stock worth $78,000 after buying an additional 7,243 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Sally Beauty during the 2nd quarter worth about $117,000. Evergreen Capital Management LLC increased its position in Sally Beauty by 19.9% in the 2nd quarter. Evergreen Capital Management LLC now owns 13,070 shares of the specialty retailer's stock valued at $140,000 after acquiring an additional 2,169 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Sally Beauty in the second quarter worth about $148,000.

Wall Street Analysts Forecast Growth

SBH has been the topic of several research analyst reports. StockNews.com raised shares of Sally Beauty from a "hold" rating to a "buy" rating in a research note on Monday, September 16th. DA Davidson reissued a "neutral" rating and issued a $12.00 target price on shares of Sally Beauty in a research note on Tuesday, August 13th. Finally, Piper Sandler cut their price target on Sally Beauty from $14.00 to $13.00 and set an "overweight" rating on the stock in a research note on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $11.00.

Sally Beauty Trading Up 4.9 %

SBH stock traded up $0.63 during midday trading on Friday, reaching $13.58. The company's stock had a trading volume of 1,057,607 shares, compared to its average volume of 1,359,424. 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. The stock has a market cap of $1.41 billion, a PE ratio of 9.24 and a beta of 1.53. The business's 50-day simple moving average is $12.33 and its 200-day simple moving average is $11.53.

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