Point72 Asset Management L.P. Buys Shares of 79,567 Sally Beauty Holdings, Inc. (NYSE:SBH)

Point72 Asset Management L.P. purchased a new position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 79,567 shares of the specialty retailer's stock, valued at approximately $1,080,000. Point72 Asset Management L.P. owned 0.08% of Sally Beauty as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Centiva Capital LP purchased a new stake in Sally Beauty during the third quarter worth about $431,000. Cinctive Capital Management LP acquired a new stake in shares of Sally Beauty in the 3rd quarter valued at about $834,000. Atom Investors LP purchased a new position in shares of Sally Beauty during the third quarter worth about $1,016,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Sally Beauty during the third quarter worth approximately $221,000. Finally, Maverick Capital Ltd. lifted its holdings in shares of Sally Beauty by 16.4% during the third quarter. Maverick Capital Ltd. now owns 305,505 shares of the specialty retailer's stock worth $4,146,000 after purchasing an additional 43,024 shares during the period.

Sally Beauty Price Performance

SBH traded up $0.10 during trading on Wednesday, reaching $12.81. 676,096 shares of the stock were exchanged, compared to its average volume of 1,421,798. Sally Beauty Holdings, Inc. has a 1 year low of $9.06 and a 1 year high of $14.79. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.45. The business's 50 day moving average price is $13.12 and its two-hundred day moving average price is $12.19. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 8.83 and a beta of 1.51.

Sally Beauty (NYSE:SBH - Get Free Report) last announced its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The company had revenue of $935.00 million for the quarter, compared to the consensus estimate of $935.88 million. During the same quarter in the prior year, the firm earned $0.42 earnings per share. The company's revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.85 earnings per share for the current year.

Insider Activity

In other news, insider Scott C. Sherman sold 13,500 shares of the 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 directly owns 42,431 shares in the company, valued at approximately $614,825.19. This represents a 24.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Kim Mcintosh sold 4,300 shares of the business's stock in a transaction dated Monday, November 25th. The stock was 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 directly owns 16,685 shares of the company's stock, valued at $242,433.05. The trade was a 20.49 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company's stock.

Wall Street Analysts Forecast Growth

SBH has been the subject of several recent analyst reports. Raymond James upgraded shares of Sally Beauty from an "underperform" rating to a "market perform" rating in a research note on Friday, November 15th. TD Cowen upgraded Sally Beauty from a "hold" rating to a "buy" rating and boosted their target price for the stock from $14.00 to $16.00 in a research report on Monday, November 25th. StockNews.com raised Sally Beauty from a "hold" rating to a "buy" rating in a report on Saturday, November 23rd. DA Davidson upped their price objective on Sally Beauty from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Friday, November 15th. Finally, Morgan Stanley boosted their target price on shares of Sally Beauty from $8.00 to $12.00 and gave the stock an "underweight" rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $13.50.

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.