Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Purchased by Trexquant Investment LP

Trexquant Investment LP grew its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 202.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 869,154 shares of the specialty retailer's stock after buying an additional 581,877 shares during the quarter. Trexquant Investment LP owned 0.85% of Sally Beauty worth $9,083,000 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 business. Quarry LP grew its position in Sally Beauty by 369.3% in the 3rd quarter. Quarry LP now owns 2,980 shares of the specialty retailer's stock valued at $40,000 after acquiring an additional 2,345 shares during the last quarter. R Squared Ltd bought a new position in shares of Sally Beauty in the fourth quarter worth about $56,000. KBC Group NV increased its stake in Sally Beauty by 89.0% in the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer's stock worth $61,000 after buying an additional 2,764 shares during the period. Point72 DIFC Ltd bought a new stake in Sally Beauty during the 3rd quarter valued at about $64,000. Finally, Wealth Advisory Solutions LLC purchased a new stake in Sally Beauty in the 4th quarter valued at about $105,000.

Sally Beauty Stock Up 3.1 %

SBH stock traded up $0.26 during trading on Friday, reaching $8.58. 2,771,662 shares of the company traded hands, compared to its average volume of 1,698,574. The business has a 50 day simple moving average of $9.40 and a 200 day simple moving average of $11.42. Sally Beauty Holdings, Inc. has a 12 month low of $7.69 and a 12 month high of $14.79. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. The company has a market capitalization of $874.26 million, a price-to-earnings ratio of 5.13 and a beta of 1.35.

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Sally Beauty (NYSE:SBH - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.43. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. The firm had revenue of $937.90 million for the quarter, compared to the consensus estimate of $941.44 million. On average, equities research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on SBH shares. DA Davidson decreased their price target 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. Morgan Stanley lowered their target price on Sally Beauty from $12.00 to $10.00 and set an "underweight" rating for the company in a report on Tuesday, January 21st. StockNews.com upgraded Sally Beauty from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Finally, Canaccord Genuity Group started coverage on shares of Sally Beauty in a research note on Thursday, January 16th. They issued a "buy" rating and a $14.00 price objective for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $12.70.

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.