nVerses Capital LLC Acquires Shares of 6,900 Sally Beauty Holdings, Inc. (NYSE:SBH)

nVerses Capital LLC acquired a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,900 shares of the specialty retailer’s stock, valued at approximately $94,000.

Several other hedge funds also recently added to or reduced their stakes in SBH. DekaBank Deutsche Girozentrale acquired a new stake in shares of Sally Beauty during the first quarter valued at about $64,000. Quest Partners LLC grew its stake in shares of Sally Beauty by 16,095.6% during the second quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock valued at $78,000 after acquiring an additional 7,243 shares in the last quarter. Algert Global LLC acquired a new stake in shares of Sally Beauty during the second quarter valued at about $113,000. Meeder Asset Management Inc. acquired a new stake in shares of Sally Beauty during the second quarter valued at about $117,000. Finally, Evergreen Capital Management LLC grew its stake in shares of Sally Beauty by 19.9% during the second quarter. Evergreen Capital Management LLC now owns 13,070 shares of the specialty retailer’s stock valued at $140,000 after acquiring an additional 2,169 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. DA Davidson restated a “neutral” rating and set a $12.00 target price on shares of Sally Beauty in a research note on Tuesday, August 13th. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Finally, Piper Sandler decreased their price target on Sally Beauty from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. One equities research 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 MarketBeat, the company has an average rating of “Hold” and a consensus price target of $11.00.

Sally Beauty Price Performance

Shares of NYSE:SBH opened at $12.61 on Monday. Sally Beauty Holdings, Inc. has a 12 month low of $7.69 and a 12 month high of $13.94. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 8.58 and a beta of 1.53. The stock’s 50 day moving average price is $12.82 and its 200 day moving average price is $11.58. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.12 and a quick ratio of 0.40.

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