Acuitas Investments LLC Decreases Stock Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Acuitas Investments LLC lessened its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 50.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 134,874 shares of the specialty retailer’s stock after selling 139,716 shares during the period. Acuitas Investments LLC owned 0.13% of Sally Beauty worth $1,791,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised 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 acquiring an additional 780,329 shares during the last quarter. Raymond James & Associates acquired a new stake in shares of Sally Beauty during the 4th quarter worth $3,744,000. Invesco Ltd. increased its holdings in shares of Sally Beauty by 20.7% during the 3rd quarter. Invesco Ltd. now owns 805,398 shares of the specialty retailer’s stock worth $6,749,000 after buying an additional 137,976 shares during the last quarter. Duality Advisers LP increased its holdings in shares of Sally Beauty by 234.9% during the 3rd quarter. Duality Advisers LP now owns 131,046 shares of the specialty retailer’s stock worth $1,098,000 after buying an additional 91,915 shares during the last quarter. Finally, CenterBook Partners LP increased its holdings in shares of Sally Beauty by 18.0% during the 3rd quarter. CenterBook Partners LP now owns 629,200 shares of the specialty retailer’s stock worth $5,273,000 after buying an additional 96,169 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. TD Cowen dropped their price objective on Sally Beauty from $13.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. DA Davidson increased their price target on Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Finally, Piper Sandler lowered their price target on Sally Beauty from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $12.00.

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. Sally Beauty Holdings, Inc. has a twelve month low of $7.21 and a twelve month high of $14.42. The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.97. The firm has a market cap of $1.16 billion, a PE ratio of 7.05 and a beta of 1.46. The stock has a fifty day moving average of $11.95 and a two-hundred day moving average of $11.22.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $931.30 million for the quarter, compared to the consensus estimate of $929.49 million. Sally Beauty had a net margin of 4.66% and a return on equity of 37.78%. Sally Beauty’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last 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.

About Sally Beauty

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.