Acuitas Investments LLC Trims Stake in Sally Beauty Holdings, Inc. (NYSE:SBH)

Acuitas Investments LLC lowered its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 50.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 134,874 shares of the specialty retailer’s stock after selling 139,716 shares during the quarter. Acuitas Investments LLC’s holdings in Sally Beauty were worth $1,791,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Jupiter Asset Management Ltd. boosted its stake in Sally Beauty by 66.2% in the third quarter. Jupiter Asset Management Ltd. now owns 3,988,147 shares of the specialty retailer’s stock valued at $33,421,000 after acquiring an additional 1,588,147 shares in the last quarter. Schroder Investment Management Group boosted its holdings in Sally Beauty by 64.8% in the 3rd quarter. Schroder Investment Management Group now owns 3,601,790 shares of the specialty retailer’s stock valued at $30,183,000 after purchasing an additional 1,416,485 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Sally Beauty by 6.0% in the 3rd quarter. Vanguard Group Inc. now owns 13,732,079 shares of the specialty retailer’s stock valued at $115,075,000 after purchasing an additional 780,329 shares during the last quarter. FMR LLC boosted its position in shares of Sally Beauty by 3.2% during the third quarter. FMR LLC now owns 16,165,414 shares of the specialty retailer’s stock worth $135,466,000 after buying an additional 493,923 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Sally Beauty by 196.8% in the third quarter. AQR Capital Management LLC now owns 718,340 shares of the specialty retailer’s stock valued at $6,020,000 after acquiring an additional 476,303 shares in the last quarter.

Sally Beauty Stock Performance

SBH traded up $0.15 on Friday, hitting $11.02. 107,107 shares of the company’s stock were exchanged, compared to its average volume of 1,422,694. The firm has a market cap of $1.16 billion, a PE ratio of 7.05 and a beta of 1.46. Sally Beauty Holdings, Inc. has a twelve month low of $7.21 and a twelve month high of $14.42. The stock has a fifty day moving average of $11.95 and a two-hundred day moving average of $11.22. The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.97.

Sally Beauty (NYSE:SBH) last posted its earnings results on Thursday, February 1st. The specialty retailer reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. The firm had revenue of $931.30 million during the quarter, compared to analysts’ expectations of $929.49 million. Sally Beauty had a net margin of 4.66% and a return on equity of 37.78%. Sally Beauty’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 EPS. On average, research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on SBH shares. DA Davidson raised their price objective on Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. TD Cowen reduced their price target on shares of Sally Beauty from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, April 17th. Finally, Piper Sandler cut their price objective on Sally Beauty from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.00.

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.