EMC Capital Management Acquires 4,226 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

EMC Capital Management lifted its holdings in Sally Beauty Holdings, Inc. (NYSE:SBHGet Rating) by 51.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,424 shares of the specialty retailer’s stock after acquiring an additional 4,226 shares during the period. EMC Capital Management’s holdings in Sally Beauty were worth $148,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SBH. Polaris Capital Management LLC bought a new position in shares of Sally Beauty in the first quarter worth about $45,611,000. Principal Financial Group Inc. boosted its stake in Sally Beauty by 18.4% during the second quarter. Principal Financial Group Inc. now owns 3,590,146 shares of the specialty retailer’s stock valued at $42,794,000 after buying an additional 558,630 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Sally Beauty by 408.2% during the first quarter. New York State Common Retirement Fund now owns 412,710 shares of the specialty retailer’s stock valued at $6,451,000 after buying an additional 331,496 shares during the last quarter. Federated Hermes Inc. boosted its stake in Sally Beauty by 79.3% during the first quarter. Federated Hermes Inc. now owns 636,014 shares of the specialty retailer’s stock valued at $9,941,000 after buying an additional 281,243 shares during the last quarter. Finally, Duality Advisers LP purchased a new stake in Sally Beauty during the second quarter valued at approximately $2,334,000.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SBH. StockNews.com began coverage on Sally Beauty in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. DA Davidson decreased their price objective on Sally Beauty from $14.50 to $11.50 and set a “neutral” rating on the stock in a research report on Monday, November 14th. Morgan Stanley decreased their price objective on Sally Beauty to $10.00 in a research report on Wednesday, November 16th. Cowen downgraded Sally Beauty from an “outperform” rating to a “market perform” rating and set a $17.00 price objective on the stock. in a research report on Friday, August 12th. Finally, Cowen downgraded Sally Beauty from an “outperform” rating to a “market perform” rating and set a $17.00 price target on the stock. in a report on Friday, August 12th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, Sally Beauty currently has an average rating of “Hold” and a consensus price target of $13.88.

Sally Beauty Trading Down 2.9 %

SBH traded down $0.35 during trading on Thursday, hitting $11.58. 1,455,216 shares of the stock were exchanged, compared to its average volume of 1,806,765. The firm has a 50 day simple moving average of $12.76 and a 200 day simple moving average of $13.47. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 7.02 and a beta of 1.29. Sally Beauty Holdings, Inc. has a 1 year low of $11.28 and a 1 year high of $21.36. The company has a debt-to-equity ratio of 3.69, a quick ratio of 0.29 and a current ratio of 1.70.

Sally Beauty Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Sally Beauty (NYSE:SBH)

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