Fox Run Management L.L.C. Trims Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Fox Run Management L.L.C. lessened its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 54.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,371 shares of the specialty retailer’s stock after selling 12,510 shares during the quarter. Fox Run Management L.L.C.’s holdings in Sally Beauty were worth $108,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS purchased a new position in Sally Beauty in the 4th quarter valued at about $232,000. AXQ Capital LP bought a new stake in shares of Sally Beauty during the 4th quarter valued at about $144,000. Hillsdale Investment Management Inc. acquired a new stake in Sally Beauty in the fourth quarter worth $3,177,000. American Century Companies Inc. lifted its position in Sally Beauty by 11.1% in the 4th quarter. American Century Companies Inc. now owns 213,593 shares of the specialty retailer’s stock valued at $2,232,000 after purchasing an additional 21,259 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Sally Beauty during the fourth quarter worth approximately $254,000.

Sally Beauty Stock Down 3.2 %

Shares of SBH stock opened at $8.85 on Friday. The firm has a market cap of $901.78 million, a PE ratio of 5.30 and a beta of 1.54. Sally Beauty Holdings, Inc. has a 12 month low of $8.25 and a 12 month high of $14.79. The stock has a 50 day moving average of $9.64 and a 200-day moving average of $11.55. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. The company had revenue of $937.90 million for the quarter, compared to the consensus estimate of $941.44 million. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. On average, equities analysts predict that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SBH shares. Morgan Stanley cut their price objective on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, January 21st. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Canaccord Genuity Group began coverage on Sally Beauty in a research note on Thursday, January 16th. They issued a “buy” rating and a $14.00 price objective on the stock. Finally, DA Davidson lowered their price target 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 analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Sally Beauty has an average rating of “Hold” and a consensus price target 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.