Access Investment Management LLC Purchases New Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Access Investment Management LLC purchased a new stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBHFree Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 249,995 shares of the specialty retailer’s stock, valued at approximately $3,320,000. Sally Beauty comprises about 1.2% of Access Investment Management LLC’s investment portfolio, making the stock its 25th biggest position. Access Investment Management LLC owned 0.24% of Sally Beauty as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in SBH. CWM LLC grew its holdings in shares of Sally Beauty by 107.9% during the 4th quarter. CWM LLC now owns 2,700 shares of the specialty retailer’s stock valued at $36,000 after purchasing an additional 1,401 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Sally Beauty by 92.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,872 shares of the specialty retailer’s stock worth $83,000 after buying an additional 4,747 shares during the period. SG Americas Securities LLC acquired a new stake in Sally Beauty during the 4th quarter worth approximately $136,000. Raymond James Trust N.A. acquired a new stake in Sally Beauty during the 4th quarter worth approximately $143,000. Finally, Ballentine Partners LLC boosted its position in Sally Beauty by 9.8% during the 4th quarter. Ballentine Partners LLC now owns 11,716 shares of the specialty retailer’s stock worth $156,000 after buying an additional 1,043 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. DA Davidson lifted their target price on shares of Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Piper Sandler cut their target price on shares of Sally Beauty from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 19th. Finally, TD Cowen cut their target price 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 analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.00.

Get Our Latest Research Report on SBH

Sally Beauty Trading Up 3.1 %

Shares of NYSE SBH traded up $0.32 during midday trading on Friday, reaching $10.66. The stock had a trading volume of 1,698,874 shares, compared to its average volume of 1,232,361. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 7.25 and a beta of 1.49. Sally Beauty Holdings, Inc. has a twelve month low of $7.21 and a twelve month high of $13.91. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.45 and a current ratio of 1.99. The company’s 50 day moving average price is $11.37 and its 200 day moving average price is $11.45.

Sally Beauty (NYSE:SBHGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The specialty retailer reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). The firm had revenue of $908.36 million during the quarter, compared to analyst estimates of $910.72 million. Sally Beauty had a return on equity of 34.23% and a net margin of 4.36%. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. As a group, sell-side analysts expect that Sally Beauty Holdings, Inc. will post 1.87 EPS for the current year.

About Sally Beauty

(Free Report)

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.

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Institutional Ownership by Quarter for Sally Beauty (NYSE:SBH)

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