Squarepoint Ops LLC boosted its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 55.4% in the 3rd quarter, Holdings Channel reports. The fund owned 414,755 shares of the specialty retailer’s stock after buying an additional 147,897 shares during the period. Squarepoint Ops LLC’s holdings in Sally Beauty were worth $6,176,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the stock. First Trust Advisors LP lifted its stake in Sally Beauty by 20.0% during the first quarter. First Trust Advisors LP now owns 76,690 shares of the specialty retailer’s stock worth $1,412,000 after purchasing an additional 12,797 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Sally Beauty by 2.1% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 48,756 shares of the specialty retailer’s stock valued at $650,000 after purchasing an additional 989 shares during the last quarter. Arizona State Retirement System increased its position in shares of Sally Beauty by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 87,515 shares of the specialty retailer’s stock valued at $1,167,000 after purchasing an additional 952 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Sally Beauty by 775.7% during the 2nd quarter. SG Americas Securities LLC now owns 302,798 shares of the specialty retailer’s stock valued at $4,039,000 after purchasing an additional 268,219 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Sally Beauty by 6.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 34,511 shares of the specialty retailer’s stock valued at $460,000 after buying an additional 1,988 shares in the last quarter.
A number of analysts recently weighed in on SBH shares. DA Davidson downgraded Sally Beauty from a “neutral” rating to an “underperform” rating and boosted their target price for the stock from $12.50 to $15.00 in a research report on Thursday, November 14th. ValuEngine cut shares of Sally Beauty from a “sell” rating to a “strong sell” rating in a research report on Friday, November 8th. Four analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $15.83.
In other news, insider Mark Gregory Spinks sold 25,000 shares of Sally Beauty stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $18.50, for a total value of $462,500.00. Following the transaction, the insider now owns 53,575 shares in the company, valued at $991,137.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.04% of the stock is currently owned by insiders.
Shares of NYSE:SBH opened at $18.69 on Tuesday. The stock has a market cap of $2.14 billion, a PE ratio of 8.27, a PEG ratio of 2.10 and a beta of 0.51. The company’s fifty day moving average is $17.44 and its 200 day moving average is $14.73. Sally Beauty Holdings, Inc. has a 52 week low of $11.46 and a 52 week high of $21.98.
Sally Beauty (NYSE:SBH) last posted its quarterly earnings results on Thursday, November 7th. The specialty retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. Sally Beauty had a net margin of 7.01% and a negative return on equity of 221.38%. The business had revenue of $965.94 million during the quarter, compared to analyst estimates of $955.06 million. During the same period in the prior year, the business posted $0.51 earnings per share. The company’s revenue was up .0% on a year-over-year basis. On average, equities research analysts predict that Sally Beauty Holdings, Inc. will post 2.33 EPS for the current fiscal year.
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, skin and nail care, styling tools, and other beauty products for retail customers and salon professionals.
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