Sally Beauty Holdings, Inc. (NYSE:SBH) Holdings Raised by Cwm LLC

Cwm LLC lifted its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 107.9% during the fourth quarter, HoldingsChannel reports. The fund owned 2,700 shares of the specialty retailer’s stock after purchasing an additional 1,401 shares during the quarter. Cwm LLC’s holdings in Sally Beauty were worth $36,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its stake in shares of Sally Beauty by 3.2% during the 3rd quarter. FMR LLC now owns 16,165,414 shares of the specialty retailer’s stock worth $135,466,000 after purchasing an additional 493,923 shares in the last quarter. Vanguard Group Inc. raised its position in Sally Beauty by 6.0% during the third quarter. Vanguard Group Inc. now owns 13,732,079 shares of the specialty retailer’s stock valued at $115,075,000 after acquiring an additional 780,329 shares in the last quarter. Jupiter Asset Management Ltd. lifted its stake in Sally Beauty by 66.2% in the third quarter. Jupiter Asset Management Ltd. now owns 3,988,147 shares of the specialty retailer’s stock valued at $33,421,000 after acquiring an additional 1,588,147 shares during the last quarter. Schroder Investment Management Group grew its position in Sally Beauty by 64.8% in the third 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Sally Beauty by 8.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,111,258 shares of the specialty retailer’s stock worth $17,692,000 after purchasing an additional 156,543 shares during the last quarter.

Sally Beauty Stock Performance

NYSE:SBH opened at $10.34 on Friday. The firm has a market capitalization of $1.08 billion, a PE ratio of 6.59 and a beta of 1.49. Sally Beauty Holdings, Inc. has a 1 year low of $7.21 and a 1 year high of $13.91. The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.97. The firm’s fifty day simple moving average is $11.41 and its 200 day simple moving average is $11.43.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SBH. TD Cowen decreased their price objective on shares of Sally Beauty from $13.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. DA Davidson upped their price target on Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Finally, Piper Sandler cut their price objective on Sally Beauty from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.00.

Sally Beauty 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.