Diversified Trust Co Invests $250,000 in Sally Beauty Holdings, Inc. (NYSE:SBH)

Diversified Trust Co acquired a new position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) in the first quarter, Holdings Channel reports. The institutional investor acquired 27,663 shares of the specialty retailer’s stock, valued at approximately $250,000.

A number of other hedge funds also recently made changes to their positions in SBH. Golden State Wealth Management LLC increased its holdings in Sally Beauty by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 1,735 shares in the last quarter. Parallel Advisors LLC increased its holdings in Sally Beauty by 536.4% in the first quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 3,304 shares in the last quarter. Federated Hermes Inc. increased its holdings in Sally Beauty by 119.1% in the fourth quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer’s stock worth $39,000 after purchasing an additional 2,012 shares in the last quarter. GAMMA Investing LLC increased its holdings in Sally Beauty by 820.3% in the first quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer’s stock worth $43,000 after purchasing an additional 4,200 shares in the last quarter. Finally, Wealth Advisory Solutions LLC bought a new stake in Sally Beauty in the fourth quarter worth approximately $105,000.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Sally Beauty from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $12.70.

Sally Beauty Trading Up 6.3%

NYSE SBH opened at $9.84 on Wednesday. The company has a market cap of $992.76 million, a price-to-earnings ratio of 5.53 and a beta of 1.26. Sally Beauty Holdings, Inc. has a 52 week low of $7.54 and a 52 week high of $14.79. The business has a 50 day moving average price of $8.72 and a 200-day moving average price of $9.41. The company has a quick ratio of 0.44, a current ratio of 2.32 and a debt-to-equity ratio of 1.29.

Sally Beauty (NYSE:SBH) last released its quarterly earnings data on Monday, May 12th. The specialty retailer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. The firm had revenue of $883.15 million during the quarter, compared to the consensus estimate of $901.00 million. Sally Beauty had a return on equity of 29.48% and a net margin of 5.03%. The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 earnings per share. As a group, equities analysts expect that Sally Beauty Holdings, Inc. will post 1.81 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.