309,564 Sally Beauty Holdings, Inc. $SBH Shares Bought by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP lifted its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 4,764.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 316,062 shares of the specialty retailer’s stock after acquiring an additional 309,564 shares during the period. Fulcrum Asset Management LLP’s holdings in Sally Beauty were worth $5,202,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Parallel Advisors LLC boosted its position in shares of Sally Beauty by 233.3% in the third quarter. Parallel Advisors LLC now owns 3,713 shares of the specialty retailer’s stock worth $61,000 after acquiring an additional 2,599 shares during the last quarter. Pinnacle Wealth Planning Services Inc. increased its position in Sally Beauty by 40.1% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 7,739 shares of the specialty retailer’s stock worth $127,000 after purchasing an additional 2,214 shares during the last quarter. Access Investment Management LLC increased its position in Sally Beauty by 1.3% during the third quarter. Access Investment Management LLC now owns 574,104 shares of the specialty retailer’s stock worth $9,427,000 after purchasing an additional 7,380 shares during the last quarter. Signaturefd LLC increased its position in Sally Beauty by 101.9% during the third quarter. Signaturefd LLC now owns 5,802 shares of the specialty retailer’s stock worth $95,000 after purchasing an additional 2,929 shares during the last quarter. Finally, RWC Asset Management LLP purchased a new position in Sally Beauty during the third quarter worth approximately $165,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SBH shares. TD Cowen assumed coverage on shares of Sally Beauty in a report on Friday, October 30th. They issued a “strong-buy” rating on the stock. Weiss Ratings cut shares of Sally Beauty from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 30th. Finally, Wall Street Zen downgraded Sally Beauty from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Sally Beauty has a consensus rating of “Moderate Buy” and an average target price of $17.40.

Sally Beauty Stock Performance

Shares of NYSE:SBH opened at $19.45 on Tuesday. The business has a 50-day moving average of $16.79 and a two-hundred day moving average of $15.16. The firm has a market capitalization of $1.82 billion, a PE ratio of 10.13 and a beta of 1.09. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.37 and a quick ratio of 0.57. Sally Beauty Holdings, Inc. has a 12 month low of $11.54 and a 12 month high of $19.60.

Sally Beauty Company Profile

Sally Beauty Holdings, Inc is a specialty retailer and distributor of professional beauty products. It serves both individual consumers and salon professionals through retail stores, online channels and professional distribution.

The company operates Sally Beauty, which sells products such as hair color and care items, styling tools, nail products and skincare. Its CosmoProf business supplies salons and other beauty professionals with products, equipment and related educational resources.

Sally Beauty traces its roots to a beauty supply store opened in New Orleans in 1964.