Wells Fargo & Company MN Grows Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Wells Fargo & Company MN grew its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 17.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,371 shares of the specialty retailer’s stock after purchasing an additional 12,571 shares during the period. Wells Fargo & Company MN owned about 0.08% of Sally Beauty worth $903,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of SBH. Lightrock Netherlands B.V. purchased a new stake in Sally Beauty in the 4th quarter worth approximately $9,413,000. Trexquant Investment LP raised its stake in shares of Sally Beauty by 202.5% during the 4th quarter. Trexquant Investment LP now owns 869,154 shares of the specialty retailer’s stock worth $9,083,000 after buying an additional 581,877 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Sally Beauty by 269.8% during the 4th quarter. Teacher Retirement System of Texas now owns 732,845 shares of the specialty retailer’s stock worth $7,658,000 after buying an additional 534,651 shares during the period. Prudential Financial Inc. raised its stake in shares of Sally Beauty by 341.1% during the 4th quarter. Prudential Financial Inc. now owns 471,528 shares of the specialty retailer’s stock worth $4,927,000 after buying an additional 364,621 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of Sally Beauty during the 4th quarter worth approximately $3,177,000.

Sally Beauty Stock Up 1.7 %

NYSE SBH opened at $8.15 on Thursday. The business has a fifty day moving average price of $8.64 and a 200 day moving average price of $10.73. Sally Beauty Holdings, Inc. has a one year low of $7.54 and a one year high of $14.79. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. The company has a market cap of $830.93 million, a P/E ratio of 4.88 and a beta of 1.35.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The firm had revenue of $937.90 million during the quarter, compared to the consensus estimate of $941.44 million. Research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SBH. DA Davidson reduced their target price on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Morgan Stanley reduced their target price on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Canaccord Genuity Group began coverage on Sally Beauty in a research note on Thursday, January 16th. They set a “buy” rating and a $14.00 target price for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $12.70.

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.