Sally Beauty Holdings, Inc. (NYSE:SBH) Holdings Lowered by Ghe LLC

Ghe LLC trimmed its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 21.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,147 shares of the specialty retailer’s stock after selling 3,637 shares during the period. Ghe LLC’s holdings in Sally Beauty were worth $175,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SBH. CWM LLC lifted its stake in Sally Beauty by 107.9% in the 4th quarter. CWM LLC now owns 2,700 shares of the specialty retailer’s stock worth $36,000 after acquiring an additional 1,401 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Sally Beauty by 92.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,872 shares of the specialty retailer’s stock worth $83,000 after acquiring an additional 4,747 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Sally Beauty in the 4th quarter worth about $136,000. Ballentine Partners LLC purchased a new stake in Sally Beauty in the 3rd quarter worth about $89,000. Finally, Oak Thistle LLC purchased a new stake in Sally Beauty in the 3rd quarter worth about $90,000.

Sally Beauty Stock Down 1.7 %

Shares of SBH traded down $0.19 during midday trading on Wednesday, reaching $10.91. 1,046,916 shares of the stock were exchanged, compared to its average volume of 1,443,151. The company has a quick ratio of 0.45, a current ratio of 2.20 and a debt-to-equity ratio of 1.97. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 6.95 and a beta of 1.46. The firm has a 50 day simple moving average of $12.01 and a 200-day simple moving average of $11.23. Sally Beauty Holdings, Inc. has a 12-month low of $7.21 and a 12-month high of $14.61.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $931.30 million for the quarter, compared to analyst estimates of $929.49 million. Sally Beauty had a return on equity of 37.78% and a net margin of 4.66%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 EPS. Research analysts forecast that Sally Beauty Holdings, Inc. will post 1.87 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. TD Cowen reduced their price objective on Sally Beauty from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. DA Davidson raised their price target on Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Finally, Piper Sandler cut their price target on Sally Beauty from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Tuesday, March 19th. One research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.00.

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.