GAMMA Investing LLC Has $43,000 Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

GAMMA Investing LLC increased its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 820.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,712 shares of the specialty retailer’s stock after purchasing an additional 4,200 shares during the period. GAMMA Investing LLC’s holdings in Sally Beauty were worth $43,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Federated Hermes Inc. increased its position in shares of Sally Beauty by 119.1% during 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 period. Parallel Advisors LLC increased its position in shares of Sally Beauty by 536.4% during the first quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 3,304 shares during the period. Quarry LP increased its position in shares of Sally Beauty by 302.2% during the fourth quarter. Quarry LP now owns 11,986 shares of the specialty retailer’s stock valued at $125,000 after purchasing an additional 9,006 shares during the period. PNC Financial Services Group Inc. increased its position in shares of 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 valued at $140,000 after purchasing an additional 1,090 shares during the period. Finally, AXQ Capital LP bought a new stake in shares of Sally Beauty during the fourth quarter valued at approximately $144,000.

Analyst Ratings Changes

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

Sally Beauty Stock Performance

Shares of NYSE:SBH opened at $10.02 on Friday. The business’s fifty day moving average price is $9.02 and its two-hundred day moving average price is $9.34. Sally Beauty Holdings, Inc. has a fifty-two week low of $7.54 and a fifty-two week high of $14.79. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 5.63 and a beta of 1.26. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.32 and a quick ratio of 0.44.

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

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.