CenterBook Partners LP Cuts Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

CenterBook Partners LP decreased its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 30.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 209,287 shares of the specialty retailer's stock after selling 90,291 shares during the period. CenterBook Partners LP owned about 0.21% of Sally Beauty worth $2,187,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Quarry LP lifted its stake in Sally Beauty by 369.3% during the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer's stock worth $40,000 after purchasing an additional 2,345 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of Sally Beauty by 119.1% during the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock worth $39,000 after buying an additional 2,012 shares during the last quarter. R Squared Ltd acquired a new stake in Sally Beauty in the fourth quarter valued at about $56,000. KBC Group NV grew its position in Sally Beauty by 89.0% in the fourth quarter. KBC Group NV now owns 5,871 shares of the specialty retailer's stock valued at $61,000 after acquiring an additional 2,764 shares during the last quarter. Finally, Wealth Advisory Solutions LLC acquired a new position in Sally Beauty during the fourth quarter worth about $105,000.

Sally Beauty Trading Down 3.1 %

SBH traded down $0.26 during trading on Tuesday, reaching $8.20. 736,401 shares of the stock traded hands, compared to its average volume of 1,728,345. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43. The stock's 50-day moving average is $8.99 and its 200 day moving average is $11.13. Sally Beauty Holdings, Inc. has a 12 month low of $7.54 and a 12 month high of $14.79. The stock has a market capitalization of $836.02 million, a PE ratio of 4.91 and a beta of 1.35.

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Sally Beauty (NYSE:SBH - Get Free Report) last announced its earnings results on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The company had revenue of $937.90 million for the quarter, compared to analyst estimates of $941.44 million. Equities analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. DA Davidson reduced their price target on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Canaccord Genuity Group initiated coverage on shares of Sally Beauty in a research report on Thursday, January 16th. They issued a "buy" rating and a $14.00 target price on the stock. StockNews.com upgraded shares of Sally Beauty from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, Morgan Stanley dropped their price target on Sally Beauty from $12.00 to $10.00 and set an "underweight" rating for the company in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $12.70.

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.