Rhumbline Advisers Has $3.28 Million Stock Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

Rhumbline Advisers lowered its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 4.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 313,400 shares of the specialty retailer’s stock after selling 14,108 shares during the period. Rhumbline Advisers owned approximately 0.31% of Sally Beauty worth $3,275,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SBH. Lightrock Netherlands B.V. acquired a new position in shares of Sally Beauty in the fourth quarter valued at approximately $9,413,000. Empowered Funds LLC boosted its stake in Sally Beauty by 5.1% in the 4th quarter. Empowered Funds LLC now owns 349,350 shares of the specialty retailer’s stock valued at $3,651,000 after purchasing an additional 16,950 shares during the period. Jennison Associates LLC acquired a new position in Sally Beauty in the 4th quarter valued at $553,000. EMC Capital Management increased its position in Sally Beauty by 105.5% during the 4th quarter. EMC Capital Management now owns 12,536 shares of the specialty retailer’s stock worth $131,000 after buying an additional 6,436 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Sally Beauty during the fourth quarter worth $56,000.

Sally Beauty Stock Performance

Shares of NYSE:SBH opened at $9.00 on Friday. Sally Beauty Holdings, Inc. has a 1 year low of $8.81 and a 1 year high of $14.79. The stock has a market capitalization of $917.08 million, a price-to-earnings ratio of 5.39 and a beta of 1.55. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44. The company’s 50 day simple moving average is $10.42 and its 200 day simple moving average is $12.07.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The company had revenue of $937.90 million for the quarter, compared to analyst estimates of $941.44 million. As a group, research analysts predict that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SBH has been the topic of several research reports. Raymond James upgraded shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday, November 15th. TD Cowen raised shares of Sally Beauty from a “hold” rating to a “buy” rating and raised their target price for the stock from $14.00 to $16.00 in a report on Monday, November 25th. Morgan Stanley cut their price target on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, DA Davidson cut their target price on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Sally Beauty currently has an average rating of “Hold” and a consensus target price of $12.70.

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.