Empowered Funds LLC Buys 22,159 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Empowered Funds LLC raised its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 8.2% in the 1st quarter, HoldingsChannel reports. The firm owned 292,836 shares of the specialty retailer’s stock after purchasing an additional 22,159 shares during the period. Empowered Funds LLC’s holdings in Sally Beauty were worth $3,637,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SBH. Wasatch Advisors LP bought a new stake in shares of Sally Beauty in the 4th quarter worth approximately $42,433,000. Victory Capital Management Inc. lifted its holdings in shares of Sally Beauty by 8,891.3% in the 4th quarter. Victory Capital Management Inc. now owns 2,804,102 shares of the specialty retailer’s stock worth $37,238,000 after acquiring an additional 2,772,915 shares during the last quarter. Schroder Investment Management Group lifted its holdings 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 worth $73,478,000 after acquiring an additional 1,931,188 shares during the last quarter. Polaris Capital Management LLC lifted its holdings in shares of Sally Beauty by 56.5% in the 4th quarter. Polaris Capital Management LLC now owns 2,712,129 shares of the specialty retailer’s stock worth $36,017,000 after acquiring an additional 979,271 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Sally Beauty by 6.0% in the 3rd quarter. Vanguard Group Inc. now owns 13,732,079 shares of the specialty retailer’s stock worth $115,075,000 after acquiring an additional 780,329 shares during the last quarter.

Sally Beauty Stock Down 1.0 %

Shares of NYSE:SBH traded down $0.11 during midday trading on Friday, reaching $10.95. The company’s stock had a trading volume of 1,253,130 shares, compared to its average volume of 1,381,463. The firm has a 50 day moving average of $10.98 and a 200-day moving average of $11.75. The firm has a market capitalization of $1.13 billion, a P/E ratio of 7.46 and a beta of 1.54. The company has a quick ratio of 0.37, a current ratio of 1.99 and a debt-to-equity ratio of 1.78. Sally Beauty Holdings, Inc. has a 12-month low of $7.21 and a 12-month high of $13.91.

Sally Beauty (NYSE:SBH) last released its earnings results on Thursday, May 9th. The specialty retailer reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). The business had revenue of $908.36 million during the quarter, compared to analysts’ expectations of $910.72 million. Sally Beauty had a return on equity of 34.23% and a net margin of 4.36%. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 earnings per share. On average, research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SBH shares. Piper Sandler decreased their target price on shares of Sally Beauty from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Thursday. TD Cowen reduced their price objective on shares of Sally Beauty from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Sally Beauty presently has an average rating of “Hold” and a consensus target price of $11.25.

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.