Price T Rowe Associates Inc. MD Purchases 5,700 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Price T Rowe Associates Inc. MD boosted its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 7.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 79,860 shares of the specialty retailer’s stock after purchasing an additional 5,700 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Sally Beauty were worth $835,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SBH. Lightrock Netherlands B.V. bought a new position in shares of Sally Beauty during the fourth quarter worth $9,413,000. Ranmore Fund Management Ltd bought a new position in Sally Beauty during the fourth quarter worth about $8,517,000. Invesco Ltd. lifted its holdings in Sally Beauty by 102.1% during the fourth quarter. Invesco Ltd. now owns 1,418,465 shares of the specialty retailer’s stock worth $14,823,000 after acquiring an additional 716,613 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Sally Beauty in the fourth quarter valued at about $6,746,000. Finally, Trexquant Investment LP increased its holdings in shares of Sally Beauty by 202.5% in the fourth quarter. Trexquant Investment LP now owns 869,154 shares of the specialty retailer’s stock worth $9,083,000 after acquiring an additional 581,877 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SBH shares. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Canaccord Genuity Group assumed coverage on shares of Sally Beauty in a research note on Thursday, January 16th. They issued a “buy” rating and a $14.00 price target on the stock. Morgan Stanley lowered their price objective on shares of Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. Finally, DA Davidson dropped their price objective on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $12.70.

Sally Beauty Stock Down 1.8%

Shares of Sally Beauty stock opened at $8.20 on Monday. The firm has a market cap of $836.02 million, a PE ratio of 4.91 and a beta of 1.33. The business’s 50 day simple moving average is $8.51 and its 200 day simple moving average is $10.49. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. Sally Beauty Holdings, Inc. has a 52-week low of $7.54 and a 52-week high of $14.79.

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