896,307 Shares in Sally Beauty Holdings, Inc. (NYSE:SBH) Purchased by Lightrock Netherlands B.V.

Lightrock Netherlands B.V. bought a new stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 896,307 shares of the specialty retailer’s stock, valued at approximately $9,413,000. Sally Beauty accounts for 3.3% of Lightrock Netherlands B.V.’s investment portfolio, making the stock its 10th largest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of SBH. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Sally Beauty during the third quarter worth approximately $771,000. Barclays PLC boosted its position in Sally Beauty by 36.6% during the 3rd quarter. Barclays PLC now owns 212,159 shares of the specialty retailer’s stock worth $2,878,000 after acquiring an additional 56,879 shares during the period. FMR LLC grew its stake in shares of Sally Beauty by 2.6% in the third quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock worth $208,928,000 after purchasing an additional 387,736 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Sally Beauty by 306.7% during the third quarter. JPMorgan Chase & Co. now owns 341,465 shares of the specialty retailer’s stock valued at $4,634,000 after purchasing an additional 257,510 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Sally Beauty by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,546,108 shares of the specialty retailer’s stock valued at $34,551,000 after purchasing an additional 80,712 shares in the last quarter.

Insider Transactions at Sally Beauty

In other Sally Beauty news, insider Scott C. Sherman sold 13,500 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.49, for a total transaction of $195,615.00. Following the completion of the sale, the insider now directly owns 42,431 shares in the company, valued at approximately $614,825.19. This trade represents a 24.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Kim Mcintosh sold 4,300 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $14.53, for a total value of $62,479.00. Following the completion of the transaction, the chief accounting officer now owns 16,685 shares in the company, valued at $242,433.05. This represents a 20.49 % decrease in their position. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SBH shares. StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research report on Saturday, November 23rd. Raymond James upgraded shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday, November 15th. Morgan Stanley cut their target price on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. TD Cowen upgraded Sally Beauty from a “hold” rating to a “buy” rating and lifted their price target for the company from $14.00 to $16.00 in a research report on Monday, November 25th. Finally, Canaccord Genuity Group initiated coverage on Sally Beauty in a research note on Thursday, January 16th. They issued a “buy” rating and a $14.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.20.

Sally Beauty Price Performance

Shares of NYSE:SBH opened at $9.57 on Tuesday. The company has a market capitalization of $974.48 million, a PE ratio of 6.64 and a beta of 1.55. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.45 and a current ratio of 2.20. The stock has a fifty day moving average of $11.36 and a 200-day moving average of $12.20. Sally Beauty Holdings, Inc. has a one year low of $9.06 and a one year high of $14.79.

Sally Beauty (NYSE:SBH) last announced its earnings results on Thursday, November 14th. The specialty retailer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The business had revenue of $935.00 million during the quarter, compared to the consensus estimate of $935.88 million. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. Sally Beauty’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.42 earnings per share. As a group, equities analysts anticipate that Sally Beauty Holdings, Inc. will post 1.84 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.