GAMMA Investing LLC Increases Stock Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

GAMMA Investing LLC lifted its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 8,210.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,549 shares of the specialty retailer’s stock after purchasing an additional 42,037 shares during the quarter. GAMMA Investing LLC’s holdings in Sally Beauty were worth $384,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SBH. Corient Private Wealth LLC increased its stake in Sally Beauty by 5.9% in the 4th quarter. Corient Private Wealth LLC now owns 19,181 shares of the specialty retailer’s stock valued at $200,000 after purchasing an additional 1,069 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Sally Beauty by 8.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,395 shares of the specialty retailer’s stock worth $140,000 after purchasing an additional 1,090 shares in the last quarter. Federated Hermes Inc. grew its holdings in Sally Beauty by 119.1% in the fourth quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer’s stock valued at $39,000 after purchasing an additional 2,012 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Sally Beauty by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,569 shares of the specialty retailer’s stock valued at $612,000 after purchasing an additional 2,137 shares during the last quarter. Finally, Illinois Municipal Retirement Fund increased its position in shares of Sally Beauty by 5.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 60,466 shares of the specialty retailer’s stock valued at $632,000 after buying an additional 3,189 shares in the last quarter.

Sally Beauty Stock Up 1.9%

Shares of NYSE:SBH opened at $8.66 on Friday. The company has a market capitalization of $873.91 million, a price-to-earnings ratio of 4.87 and a beta of 1.25. The company has a 50 day moving average of $8.59 and a two-hundred day moving average of $9.62. Sally Beauty Holdings, Inc. has a 52-week low of $7.54 and a 52-week high of $14.79. The company has a quick ratio of 0.44, a current ratio of 2.32 and a debt-to-equity ratio of 1.29.

Sally Beauty (NYSE:SBH) last released its earnings results on Monday, May 12th. The specialty retailer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. Sally Beauty had a return on equity of 29.48% and a net margin of 5.03%. The company had revenue of $883.15 million during the quarter, compared to analysts’ expectations of $901.00 million. During the same period in the prior year, the business posted $0.35 EPS. The business’s revenue was down 2.8% on a year-over-year basis. As a group, analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Sally Beauty from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sally Beauty has a consensus rating of “Hold” and an average target price of $12.70.

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.