Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Bought by Acuitas Investments LLC

Acuitas Investments LLC increased its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 62.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 196,935 shares of the specialty retailer’s stock after acquiring an additional 75,767 shares during the period. Acuitas Investments LLC owned approximately 0.19% of Sally Beauty worth $2,113,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Sally Beauty by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 13,784,422 shares of the specialty retailer’s stock valued at $183,057,000 after acquiring an additional 52,343 shares during the last quarter. Schroder Investment Management Group boosted its position in shares of Sally Beauty by 53.6% in the 4th quarter. Schroder Investment Management Group now owns 5,532,978 shares of the specialty retailer’s stock valued at $73,478,000 after purchasing an additional 1,931,188 shares during the period. Wasatch Advisors LP increased its stake in Sally Beauty by 16.8% in the 1st quarter. Wasatch Advisors LP now owns 3,731,016 shares of the specialty retailer’s stock worth $46,339,000 after purchasing an additional 535,753 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Sally Beauty by 1.4% in the second quarter. Victory Capital Management Inc. now owns 3,504,710 shares of the specialty retailer’s stock worth $37,606,000 after buying an additional 48,497 shares during the period. Finally, Polaris Capital Management LLC grew its position in Sally Beauty by 56.5% during the 4th quarter. Polaris Capital Management LLC now owns 2,712,129 shares of the specialty retailer’s stock worth $36,017,000 after purchasing an additional 979,271 shares in the last quarter.

Sally Beauty Price Performance

Shares of NYSE:SBH opened at $12.31 on Friday. The stock has a market capitalization of $1.27 billion, a P/E ratio of 8.37 and a beta of 1.54. The business has a 50-day moving average of $11.51 and a two-hundred day moving average of $11.47. Sally Beauty Holdings, Inc. has a fifty-two week low of $7.21 and a fifty-two week high of $13.91. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.12 and a quick ratio of 0.40.

Sally Beauty (NYSE:SBH) last posted its earnings results on Thursday, August 8th. The specialty retailer reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.05. The firm had revenue of $942.30 million during the quarter, compared to analyst estimates of $931.77 million. Sally Beauty had a return on equity of 31.88% and a net margin of 3.99%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 EPS. On average, equities research analysts predict that Sally Beauty Holdings, Inc. will post 1.66 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on SBH. Piper Sandler decreased their price objective on Sally Beauty from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. DA Davidson reiterated a “neutral” rating and issued a $12.00 price objective on shares of Sally Beauty in a research note on Tuesday, August 13th. Finally, StockNews.com cut shares of Sally Beauty from a “buy” rating to a “hold” rating in a report on Saturday, August 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $11.00.

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.