Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Bought by Invenomic Capital Management LP

Invenomic Capital Management LP grew its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 96.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,223,728 shares of the specialty retailer’s stock after purchasing an additional 601,903 shares during the quarter. Invenomic Capital Management LP owned 1.18% of Sally Beauty worth $15,199,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Sally Beauty by 6.0% during the 3rd quarter. Vanguard Group Inc. now owns 13,732,079 shares of the specialty retailer’s stock valued at $115,075,000 after purchasing an additional 780,329 shares during the period. Raymond James & Associates acquired a new position in shares of Sally Beauty in the 4th quarter worth $3,744,000. Wasatch Advisors LP grew its holdings in shares of Sally Beauty by 16.8% in the 1st quarter. Wasatch Advisors LP now owns 3,731,016 shares of the specialty retailer’s stock worth $46,339,000 after acquiring an additional 535,753 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Sally Beauty by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,242,861 shares of the specialty retailer’s stock worth $29,785,000 after acquiring an additional 131,603 shares during the last quarter. Finally, Profit Investment Management LLC acquired a new position in shares of Sally Beauty in the 1st quarter worth $1,737,000.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SBH. Piper Sandler decreased their target price on Sally Beauty from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. TD Cowen decreased their target price on Sally Beauty from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $11.25.

Sally Beauty Stock Up 1.7 %

Shares of SBH stock traded up $0.19 on Tuesday, reaching $11.31. 1,044,923 shares of the company’s stock traded hands, compared to its average volume of 1,388,259. Sally Beauty Holdings, Inc. has a 12-month low of $7.21 and a 12-month high of $13.91. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.37 and a current ratio of 1.99. The company has a market capitalization of $1.17 billion, a P/E ratio of 7.69 and a beta of 1.55. The business’s 50 day moving average price is $11.08 and its two-hundred day moving average price is $11.59.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Thursday, May 9th. The specialty retailer reported $0.35 earnings per share 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 business had revenue of $908.36 million for the quarter, compared to analysts’ expectations of $910.72 million. During the same quarter in the prior year, the firm posted $0.41 EPS. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, equities analysts forecast that Sally Beauty Holdings, Inc. will post 1.69 earnings per share for the current 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.