Sally Beauty Holdings, Inc. (NYSE:SBH) Stake Lifted by Walleye Capital LLC

Walleye Capital LLC raised its stake in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 1,114.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,657 shares of the specialty retailer's stock after purchasing an additional 75,851 shares during the quarter. Walleye Capital LLC owned about 0.08% of Sally Beauty worth $1,122,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Marshall Wace LLP purchased a new position in shares of Sally Beauty in the second quarter valued at $11,796,000. Dimensional Fund Advisors LP grew its position in shares of Sally Beauty by 34.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,287,674 shares of the specialty retailer's stock worth $35,276,000 after buying an additional 833,720 shares in the last quarter. Millennium Management LLC increased its stake in shares of Sally Beauty by 945.0% in the second quarter. Millennium Management LLC now owns 847,956 shares of the specialty retailer's stock worth $9,099,000 after buying an additional 766,815 shares during the last quarter. FMR LLC raised its holdings in Sally Beauty by 2.6% in the third quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer's stock valued at $208,928,000 after acquiring an additional 387,736 shares in the last quarter. Finally, Maverick Capital Ltd. boosted its stake in Sally Beauty by 141.3% during the 2nd quarter. Maverick Capital Ltd. now owns 262,481 shares of the specialty retailer's stock valued at $2,816,000 after acquiring an additional 153,707 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SBH shares. Raymond James raised shares of Sally Beauty from an "underperform" rating to a "market perform" rating in a research report on Friday, November 15th. Morgan Stanley boosted their price objective on Sally Beauty from $8.00 to $12.00 and gave the company an "underweight" rating in a report on Friday, November 15th. DA Davidson increased their target price on Sally Beauty from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Friday, November 15th. TD Cowen upgraded Sally Beauty from a "hold" rating to a "buy" rating and boosted their price target for the company from $14.00 to $16.00 in a report on Monday, November 25th. Finally, StockNews.com raised Sally Beauty from a "hold" rating to a "buy" rating in a research report on Saturday, November 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Sally Beauty has a consensus rating of "Hold" and an average price target of $13.50.

Insider Transactions at Sally Beauty

In other news, CAO Kim Mcintosh sold 4,300 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.53, for a total transaction of $62,479.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,685 shares in the company, valued at approximately $242,433.05. The trade was a 20.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Scott C. Sherman sold 13,500 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $14.49, for a total value of $195,615.00. Following the completion of the sale, the insider now owns 42,431 shares in the company, valued at approximately $614,825.19. This represents a 24.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.36% of the company's stock.

Sally Beauty Stock Performance

SBH stock traded up $0.31 during midday trading on Friday, reaching $13.22. The company had a trading volume of 1,665,261 shares, compared to its average volume of 1,421,200. The firm has a market capitalization of $1.35 billion, a PE ratio of 9.18 and a beta of 1.51. The stock has a 50 day moving average price of $13.15 and a 200 day moving average price of $12.15. Sally Beauty Holdings, Inc. has a fifty-two week low of $9.06 and a fifty-two week high of $14.79. The company has a quick ratio of 0.45, a current ratio of 2.20 and a debt-to-equity ratio of 1.56.

Sally Beauty (NYSE:SBH - Get Free Report) last released its quarterly earnings data on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The business had revenue of $935.00 million during the quarter, compared to analyst estimates of $935.88 million. During the same quarter in the previous year, the firm posted $0.42 EPS. The business's revenue for the quarter was up 1.5% compared to the same quarter last year. Analysts anticipate that Sally Beauty Holdings, Inc. will post 1.85 earnings per share for the current year.

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.