Dynamic Technology Lab Private Ltd Takes $235,000 Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Dynamic Technology Lab Private Ltd purchased a new position in Sally Beauty Holdings, Inc. (NYSE:SBH) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 17,304 shares of the specialty retailer’s stock, valued at approximately $235,000.

Other large investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in shares of Sally Beauty by 5.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 70,670 shares of the specialty retailer’s stock valued at $878,000 after purchasing an additional 3,862 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in Sally Beauty by 29.9% during the first quarter. Public Employees Retirement Association of Colorado now owns 17,897 shares of the specialty retailer’s stock valued at $222,000 after buying an additional 4,117 shares during the last quarter. Boston Partners purchased a new position in Sally Beauty during the first quarter valued at $617,000. DekaBank Deutsche Girozentrale bought a new stake in Sally Beauty in the first quarter worth $64,000. Finally, Profit Investment Management LLC grew its stake in shares of Sally Beauty by 78.3% in the second quarter. Profit Investment Management LLC now owns 249,365 shares of the specialty retailer’s stock worth $2,676,000 after acquiring an additional 109,484 shares during the last quarter.

Analysts Set New Price Targets

SBH has been the subject of several recent analyst reports. StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. DA Davidson upped their target price on shares of Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday, November 15th. Morgan Stanley upped their price objective on Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a research report on Friday, November 15th. Finally, TD Cowen upgraded Sally Beauty from a “hold” rating to a “buy” rating and increased their target price for the company from $14.00 to $16.00 in a research note on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $13.50.

Insider Activity at Sally Beauty

In other Sally Beauty news, insider Scott C. Sherman sold 13,500 shares of the business’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 $614,825.19. The trade was a 24.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Kim Mcintosh sold 4,300 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.53, for a total transaction 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 trade represents a 20.49 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is owned by company insiders.

Sally Beauty Stock Performance

Shares of SBH stock opened at $13.93 on Monday. The firm has a market capitalization of $1.42 billion, a PE ratio of 9.67 and a beta of 1.53. The company has a 50 day moving average price of $13.12 and a 200-day moving average price of $12.07. Sally Beauty Holdings, Inc. has a 52 week low of $9.06 and a 52 week high of $14.79. The company has a quick ratio of 0.45, a current ratio of 2.20 and a debt-to-equity ratio of 1.56.

Sally Beauty (NYSE:SBH) last posted its earnings results on Thursday, November 14th. The specialty retailer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 4.13% and a return on equity of 31.37%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 EPS. As a group, equities research analysts expect that Sally Beauty Holdings, Inc. will post 1.85 earnings per share for the current year.

About Sally Beauty

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.