Sally Beauty Holdings, Inc. (NYSE:SBH) Position Increased by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,428,715 shares of the specialty retailer's stock after acquiring an additional 279,222 shares during the period. Vanguard Group Inc. owned about 12.20% of Sally Beauty worth $129,880,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SBH. Quarry LP lifted its holdings in shares of Sally Beauty by 369.3% in the 3rd 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. R Squared Ltd acquired a new stake in Sally Beauty in the fourth quarter worth $56,000. KBC Group NV lifted its stake 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 buying an additional 2,764 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of Sally Beauty during the third quarter valued at $64,000. Finally, Wealth Advisory Solutions LLC bought a new position in shares of Sally Beauty during the fourth quarter worth about $105,000.

Sally Beauty Trading Up 1.9 %

SBH traded up $0.16 during trading on Friday, reaching $8.51. The company had a trading volume of 2,152,687 shares, compared to its average volume of 1,729,810. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. Sally Beauty Holdings, Inc. has a 12-month low of $7.54 and a 12-month high of $14.79. The company has a market cap of $867.12 million, a price-to-earnings ratio of 5.09 and a beta of 1.35. The firm's 50-day simple moving average is $9.03 and its 200 day simple moving average is $11.18.

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Sally Beauty (NYSE:SBH - Get Free Report) last issued its quarterly 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 net margin of 4.73% and a return on equity of 30.35%. The business had revenue of $937.90 million during the quarter, compared to the consensus estimate of $941.44 million. Equities research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Sally Beauty Company 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.