Sally Beauty Holdings, Inc. (NYSE:SBH) Stock Position Decreased by Foundry Partners LLC

Foundry Partners LLC cut its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 4.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,668 shares of the specialty retailer’s stock after selling 2,215 shares during the period. Foundry Partners LLC’s holdings in Sally Beauty were worth $647,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. DekaBank Deutsche Girozentrale acquired a new stake in Sally Beauty during the 1st quarter worth about $64,000. Quest Partners LLC raised its holdings 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 during the period. nVerses Capital LLC purchased a new stake in shares of Sally Beauty in the 3rd quarter valued at approximately $94,000. Algert Global LLC acquired a new position in Sally Beauty in the 2nd quarter worth approximately $113,000. Finally, Meeder Asset Management Inc. purchased a new position in Sally Beauty during the 2nd quarter worth approximately $117,000.

Sally Beauty Price Performance

Shares of NYSE:SBH opened at $12.97 on Friday. The stock has a market capitalization of $1.32 billion, a P/E ratio of 9.01 and a beta of 1.53. The business has a 50-day moving average of $13.05 and a two-hundred day moving average of $11.93. Sally Beauty Holdings, Inc. has a fifty-two week low of $9.06 and a fifty-two week high of $14.36. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.45.

Sally Beauty (NYSE:SBH) last posted its earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. The firm had revenue of $935.00 million during the quarter, compared to analyst estimates of $935.88 million. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 EPS. On average, equities research analysts predict that Sally Beauty Holdings, Inc. will post 1.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SBH shares. TD Cowen raised their target price on Sally Beauty from $13.00 to $14.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Raymond James raised Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday, November 15th. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research report on Saturday. Morgan Stanley boosted their price objective on shares of Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a research report on Friday, November 15th. Finally, DA Davidson increased their target price on shares of Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Sally Beauty presently has an average rating of “Hold” and an average target price of $13.00.

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.