Quadrant Capital Group LLC Grows Stock Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

Quadrant Capital Group LLC grew its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH) by 168.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,507 shares of the specialty retailer’s stock after purchasing an additional 2,829 shares during the quarter. Quadrant Capital Group LLC’s holdings in Sally Beauty were worth $60,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Ballentine Partners LLC increased its holdings in shares of Sally Beauty by 9.8% during 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 last quarter. CWM LLC increased its holdings in shares of Sally Beauty by 107.9% during 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 last quarter. WINTON GROUP Ltd increased 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 valued at $302,000 after purchasing an additional 2,290 shares during the last quarter. Rafferty Asset Management LLC increased 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 valued at $408,000 after purchasing an additional 2,290 shares during the last quarter. Finally, Swiss National Bank increased 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 valued at $1,982,000 after purchasing an additional 2,800 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Piper Sandler dropped their target price on shares of Sally Beauty from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Tuesday, March 19th. DA Davidson boosted their price target on shares of Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Finally, 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 research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $12.00.

Sally Beauty Stock Performance

Shares of Sally Beauty stock opened at $11.20 on Monday. The company has a quick ratio of 0.37, a current ratio of 1.99 and a debt-to-equity ratio of 1.78. Sally Beauty Holdings, Inc. has a 52 week low of $7.21 and a 52 week high of $13.91. The firm’s 50 day moving average is $11.15 and its two-hundred day moving average is $11.66. The firm has a market capitalization of $1.16 billion, a P/E ratio of 7.62 and a beta of 1.49.

Sally Beauty (NYSE:SBH) last posted its earnings results on Thursday, May 9th. The specialty retailer reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). Sally Beauty had a net margin of 4.36% and a return on equity of 34.23%. The company had revenue of $908.36 million during the quarter, compared to analysts’ expectations of $910.72 million. During the same period last year, the business earned $0.41 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. Research analysts forecast that Sally Beauty Holdings, Inc. will post 1.69 EPS for the current fiscal year.

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.