Squarepoint Ops LLC Invests $1.19 Million in Sally Beauty Holdings, Inc. (NYSE:SBH)

Squarepoint Ops LLC bought a new stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 110,933 shares of the specialty retailer’s stock, valued at approximately $1,190,000. Squarepoint Ops LLC owned about 0.11% of Sally Beauty as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Marshall Wace LLP bought a new position in Sally Beauty during the second quarter valued at $11,796,000. Bank of Montreal Can boosted its stake in shares of Sally Beauty by 3.0% during the 2nd quarter. Bank of Montreal Can now owns 380,087 shares of the specialty retailer’s stock worth $4,078,000 after purchasing an additional 10,998 shares during the period. Lombard Odier Asset Management USA Corp bought a new position in Sally Beauty during the 2nd quarter valued at about $272,000. Evergreen Capital Management LLC raised its position in Sally Beauty by 19.9% in the 2nd quarter. Evergreen Capital Management LLC now owns 13,070 shares of the specialty retailer’s stock worth $140,000 after purchasing an additional 2,169 shares during the period. Finally, Public Sector Pension Investment Board lifted its stake in Sally Beauty by 6.0% in the second quarter. Public Sector Pension Investment Board now owns 227,797 shares of the specialty retailer’s stock worth $2,444,000 after purchasing an additional 12,815 shares during the last quarter.

Analyst Ratings Changes

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

Sally Beauty Stock Up 4.9 %

Shares of NYSE:SBH opened at $13.58 on Friday. The business’s 50 day moving average is $12.33 and its 200 day moving average is $11.53. The stock has a market cap of $1.41 billion, a P/E ratio of 9.24 and a beta of 1.53. Sally Beauty Holdings, Inc. has a 52-week low of $7.21 and a 52-week high of $13.94. 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 (NYSE:SBH) last announced its quarterly earnings results on Thursday, August 8th. The specialty retailer reported $0.45 EPS for the quarter, beating the consensus estimate of $0.40 by $0.05. Sally Beauty had a return on equity of 31.88% and a net margin of 3.99%. The firm had revenue of $942.30 million for the quarter, compared to analyst estimates of $931.77 million. During the same quarter last year, the firm posted $0.49 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts predict that Sally Beauty Holdings, Inc. will post 1.66 EPS for the current year.

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.