AQR Capital Management LLC Has $4.08 Million Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

AQR Capital Management LLC trimmed its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 13.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 381,815 shares of the specialty retailer’s stock after selling 57,070 shares during the quarter. AQR Capital Management LLC owned approximately 0.37% of Sally Beauty worth $4,082,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. AXA S.A. lifted its position in shares of Sally Beauty by 446.7% in the 2nd quarter. AXA S.A. now owns 166,519 shares of the specialty retailer’s stock valued at $1,787,000 after acquiring an additional 136,062 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Sally Beauty in the second quarter valued at $1,190,000. Marshall Wace LLP acquired a new stake in shares of Sally Beauty in the second quarter worth $11,796,000. Bank of Montreal Can grew its holdings in shares of Sally Beauty by 3.0% during the second quarter. Bank of Montreal Can now owns 380,087 shares of the specialty retailer’s stock valued at $4,078,000 after buying an additional 10,998 shares in the last quarter. Finally, Lombard Odier Asset Management USA Corp acquired a new position in Sally Beauty during the second quarter valued at $272,000.

Sally Beauty Stock Performance

Shares of SBH opened at $13.58 on Friday. The company has a quick ratio of 0.40, a current ratio of 2.12 and a debt-to-equity ratio of 1.69. Sally Beauty Holdings, Inc. has a 12 month low of $7.21 and a 12 month high of $13.94. The company’s fifty day moving average is $12.33 and its 200-day moving average is $11.53. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 9.24 and a beta of 1.53.

Sally Beauty (NYSE:SBH) last posted its earnings results on Thursday, August 8th. The specialty retailer reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.05. The company had revenue of $942.30 million for the quarter, compared to analyst estimates of $931.77 million. Sally Beauty had a return on equity of 31.88% and a net margin of 3.99%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. Equities analysts expect that Sally Beauty Holdings, Inc. will post 1.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SBH shares. Piper Sandler lowered their target price on Sally Beauty from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. DA Davidson reaffirmed a “neutral” rating and set a $12.00 price objective on shares of Sally Beauty in a research report on Tuesday, August 13th. Finally, StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Sally Beauty presently has a consensus rating of “Hold” and a consensus target price of $11.00.

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.