SG Americas Securities LLC Acquires Shares of 10,252 Sally Beauty Holdings, Inc. (NYSE:SBH)

SG Americas Securities LLC acquired a new stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,252 shares of the specialty retailer’s stock, valued at approximately $136,000.

A number of other large investors have also recently added to or reduced their stakes in SBH. Vanguard Group Inc. raised its holdings in shares of Sally Beauty by 6.0% during the third quarter. Vanguard Group Inc. now owns 13,732,079 shares of the specialty retailer’s stock worth $115,075,000 after purchasing an additional 780,329 shares during the period. Invesco Ltd. raised its holdings in shares of Sally Beauty by 20.7% during the third quarter. Invesco Ltd. now owns 805,398 shares of the specialty retailer’s stock worth $6,749,000 after purchasing an additional 137,976 shares during the period. Duality Advisers LP increased its holdings in shares of Sally Beauty by 234.9% in the 3rd quarter. Duality Advisers LP now owns 131,046 shares of the specialty retailer’s stock worth $1,098,000 after acquiring an additional 91,915 shares during the period. CenterBook Partners LP increased its holdings in shares of Sally Beauty by 18.0% in the 3rd quarter. CenterBook Partners LP now owns 629,200 shares of the specialty retailer’s stock worth $5,273,000 after acquiring an additional 96,169 shares during the period. Finally, Schroder Investment Management Group increased its holdings in shares of Sally Beauty by 64.8% in the 3rd quarter. Schroder Investment Management Group now owns 3,601,790 shares of the specialty retailer’s stock worth $30,183,000 after acquiring an additional 1,416,485 shares during the period.

Sally Beauty Stock Performance

SBH stock opened at $10.35 on Wednesday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.45 and a current ratio of 2.20. The stock has a market cap of $1.09 billion, a P/E ratio of 6.59 and a beta of 1.46. The firm has a 50 day simple moving average of $12.25 and a 200 day simple moving average of $11.13. Sally Beauty Holdings, Inc. has a 52 week low of $7.21 and a 52 week high of $14.64.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. The firm had revenue of $931.30 million for the quarter, compared to analyst estimates of $929.49 million. Sally Beauty had a net margin of 4.66% and a return on equity of 37.78%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 earnings per share. Research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SBH. DA Davidson raised their price objective on shares of Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. Piper Sandler decreased their target price on shares of Sally Beauty from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Tuesday, March 19th.

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.