Victory Capital Management Inc. Buys 156,580 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Victory Capital Management Inc. grew its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,671,306 shares of the specialty retailer's stock after purchasing an additional 156,580 shares during the quarter. Victory Capital Management Inc. owned about 3.60% of Sally Beauty worth $38,365,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its position in shares of Sally Beauty by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,605,586 shares of the specialty retailer's stock valued at $27,228,000 after purchasing an additional 59,478 shares during the last quarter. Illinois Municipal Retirement Fund grew its position in Sally Beauty by 5.6% during the fourth quarter. Illinois Municipal Retirement Fund now owns 60,466 shares of the specialty retailer's stock worth $632,000 after buying an additional 3,189 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Sally Beauty during the fourth quarter worth about $329,000. Access Investment Management LLC grew its position in Sally Beauty by 21.5% during the fourth quarter. Access Investment Management LLC now owns 303,845 shares of the specialty retailer's stock worth $3,175,000 after buying an additional 53,670 shares in the last quarter. Finally, Olympiad Research LP acquired a new stake in Sally Beauty during the fourth quarter worth about $273,000.

Sally Beauty Price Performance

Shares of NYSE:SBH traded up $0.22 during trading on Friday, reaching $9.34. The stock had a trading volume of 2,502,392 shares, compared to its average volume of 1,574,883. Sally Beauty Holdings, Inc. has a 52 week low of $8.52 and a 52 week high of $14.79. The business's 50-day moving average price is $10.19 and its 200 day moving average price is $11.94. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44. The stock has a market capitalization of $951.74 million, a PE ratio of 5.59 and a beta of 1.54.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Morgan Stanley decreased their target price on Sally Beauty from $12.00 to $10.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 21st. Raymond James raised Sally Beauty from an "underperform" rating to a "market perform" rating in a report on Friday, November 15th. Canaccord Genuity Group started coverage on Sally Beauty in a report on Thursday, January 16th. They set a "buy" rating and a $14.00 price objective 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 decreased their price objective on Sally Beauty from $13.00 to $10.50 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target 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.