Walleye Capital LLC Takes Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Walleye Capital LLC bought a new stake in Sally Beauty Holdings, Inc. (NYSE:SBHGet Rating) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,140 shares of the specialty retailer’s stock, valued at approximately $121,000.

A number of other hedge funds also recently modified their holdings of SBH. Nisa Investment Advisors LLC increased its holdings in shares of Sally Beauty by 17.3% during the first quarter. Nisa Investment Advisors LLC now owns 6,100 shares of the specialty retailer’s stock worth $95,000 after buying an additional 900 shares in the last quarter. American Trust acquired a new stake in shares of Sally Beauty in the first quarter valued at approximately $160,000. Swiss National Bank increased its holdings in shares of Sally Beauty by 7.5% in the first quarter. Swiss National Bank now owns 267,300 shares of the specialty retailer’s stock valued at $4,178,000 after purchasing an additional 18,600 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Sally Beauty in the second quarter valued at approximately $416,000. Finally, DGS Capital Management LLC acquired a new stake in shares of Sally Beauty in the second quarter valued at approximately $151,000.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Cowen lowered shares of Sally Beauty from an “outperform” rating to a “market perform” rating and set a $17.00 price target for the company. in a report on Friday, August 12th. Morgan Stanley lowered their price target on shares of Sally Beauty to $10.00 in a report on Wednesday, November 16th. StockNews.com began coverage on shares of Sally Beauty in a report on Wednesday, October 12th. They set a “hold” rating for the company. Cowen lowered shares of Sally Beauty from an “outperform” rating to a “market perform” rating and set a $17.00 target price for the company. in a report on Friday, August 12th. Finally, DA Davidson lowered their target price on shares of Sally Beauty from $14.50 to $11.50 and set a “neutral” rating for the company in a report on Monday, November 14th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $13.88.

Sally Beauty Trading Up 3.4 %

SBH opened at $12.29 on Monday. The stock has a market capitalization of $1.32 billion, a P/E ratio of 7.45 and a beta of 1.29. Sally Beauty Holdings, Inc. has a 12 month low of $11.28 and a 12 month high of $21.86. The firm’s fifty day simple moving average is $12.89 and its 200 day simple moving average is $13.53. The company has a current ratio of 1.70, a quick ratio of 0.29 and a debt-to-equity ratio of 3.69.

Sally Beauty Profile

(Get Rating)

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.

Further Reading

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

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