Sally Beauty Holdings, Inc. (NYSE:SBH) Sees Large Drop in Short Interest

Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) was the recipient of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 10,880,000 shares, a drop of 14.7% from the January 31st total of 12,750,000 shares. Based on an average trading volume of 2,360,000 shares, the short-interest ratio is presently 4.6 days. Currently, 10.9% of the company's shares are short sold.

Sally Beauty Trading Up 2.4 %

Shares of Sally Beauty stock traded up $0.22 on Friday, hitting $9.34. 2,502,392 shares of the company traded hands, compared to its average volume of 1,578,929. The stock's 50 day moving average price is $10.22 and its 200-day moving average price is $11.98. The company has a current ratio of 2.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.43. Sally Beauty has a 52 week low of $8.52 and a 52 week high of $14.79. The company has a market cap of $951.74 million, a PE ratio of 5.59 and a beta of 1.54.

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

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Wall Street Analysts Forecast Growth

Several analysts have issued reports on SBH shares. StockNews.com raised shares of Sally Beauty from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Raymond James raised shares of Sally Beauty from an "underperform" rating to a "market perform" rating in a research note on Friday, November 15th. TD Cowen raised shares of Sally Beauty from a "hold" rating to a "buy" rating and raised their price objective for the stock from $14.00 to $16.00 in a research note on Monday, November 25th. DA Davidson decreased their price objective on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Finally, Morgan Stanley decreased their price objective on shares of 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 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. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $12.70.

Hedge Funds Weigh In On Sally Beauty

Several institutional investors have recently bought and sold shares of SBH. Federated Hermes Inc. increased its holdings in Sally Beauty by 119.1% during the fourth quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock valued at $39,000 after buying an additional 2,012 shares during the period. Quarry LP increased its holdings in Sally Beauty by 369.3% during the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer's stock valued at $40,000 after buying an additional 2,345 shares during the period. R Squared Ltd purchased a new position in Sally Beauty during the fourth quarter valued at approximately $56,000. KBC Group NV increased its holdings in Sally Beauty by 89.0% during the fourth quarter. KBC Group NV now owns 5,871 shares of the specialty retailer's stock valued at $61,000 after buying an additional 2,764 shares during the period. Finally, Point72 DIFC Ltd purchased a new position in Sally Beauty during the third quarter valued at approximately $64,000.

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.