Victory Capital Management Inc. grew its stake in Sally Beauty Holdings, Inc. (NYSE:SBH – Free Report) by 8,891.3% during the fourth quarter, Holdings Channel reports. The firm owned 2,804,102 shares of the specialty retailer’s stock after purchasing an additional 2,772,915 shares during the period. Victory Capital Management Inc.’s holdings in Sally Beauty were worth $37,238,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the stock. Ballentine Partners LLC lifted its holdings in Sally Beauty by 9.8% in 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. CWM LLC lifted its holdings in Sally Beauty by 107.9% in the 4th quarter. CWM LLC now owns 2,700 shares of the specialty retailer’s stock worth $36,000 after buying an additional 1,401 shares during the period. Rafferty Asset Management LLC lifted its holdings in Sally Beauty by 4.9% in the 3rd quarter. Rafferty Asset Management LLC now owns 48,643 shares of the specialty retailer’s stock worth $408,000 after buying an additional 2,290 shares during the period. WINTON GROUP Ltd lifted its holdings in Sally Beauty by 6.8% in the 3rd quarter. WINTON GROUP Ltd now owns 35,979 shares of the specialty retailer’s stock worth $302,000 after buying an additional 2,290 shares during the period. Finally, Swiss National Bank lifted its holdings in Sally Beauty by 1.2% in the 3rd quarter. Swiss National Bank now owns 236,500 shares of the specialty retailer’s stock worth $1,982,000 after buying an additional 2,800 shares during the period.
Sally Beauty Stock Down 1.6 %
SBH stock opened at $10.61 on Tuesday. Sally Beauty Holdings, Inc. has a twelve month low of $7.21 and a twelve month high of $13.91. The company has a quick ratio of 0.45, a current ratio of 2.20 and a debt-to-equity ratio of 1.97. The firm has a market cap of $1.11 billion, a PE ratio of 6.75 and a beta of 1.49. The business has a 50 day moving average of $11.54 and a 200 day moving average of $11.42.
Wall Street Analysts Forecast Growth
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About Sally Beauty
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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