Cwm LLC Grows Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Cwm LLC grew its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 107.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,700 shares of the specialty retailer’s stock after purchasing an additional 1,401 shares during the period. Cwm LLC’s holdings in Sally Beauty were worth $36,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Sally Beauty by 6.0% during the third quarter. Vanguard Group Inc. now owns 13,732,079 shares of the specialty retailer’s stock worth $115,075,000 after buying an additional 780,329 shares in the last quarter. Raymond James & Associates acquired a new stake in shares of Sally Beauty in the 4th quarter worth approximately $3,744,000. Invesco Ltd. increased its stake in Sally Beauty by 20.7% in the 3rd quarter. Invesco Ltd. now owns 805,398 shares of the specialty retailer’s stock valued at $6,749,000 after purchasing an additional 137,976 shares in the last quarter. Duality Advisers LP increased its stake in Sally Beauty by 234.9% in the 3rd quarter. Duality Advisers LP now owns 131,046 shares of the specialty retailer’s stock valued at $1,098,000 after purchasing an additional 91,915 shares in the last quarter. Finally, CenterBook Partners LP raised its holdings in Sally Beauty by 18.0% during the third quarter. CenterBook Partners LP now owns 629,200 shares of the specialty retailer’s stock worth $5,273,000 after purchasing an additional 96,169 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. TD Cowen dropped their price target on Sally Beauty from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, April 17th. Piper Sandler dropped their target price on shares of Sally Beauty from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Tuesday, March 19th. Finally, DA Davidson upped their price target on shares of Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $12.00.

Sally Beauty Stock Performance

NYSE SBH opened at $10.34 on Friday. The company has a quick ratio of 0.45, a current ratio of 2.20 and a debt-to-equity ratio of 1.97. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 6.59 and a beta of 1.49. Sally Beauty Holdings, Inc. has a fifty-two week low of $7.21 and a fifty-two week high of $13.91. The business has a fifty day moving average of $11.41 and a 200-day moving average of $11.43.

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.