Point72 Asset Management L.P. Makes New $1.08 Million Investment in Sally Beauty Holdings, Inc. (NYSE:SBH)

Point72 Asset Management L.P. bought a new position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 79,567 shares of the specialty retailer’s stock, valued at approximately $1,080,000. Point72 Asset Management L.P. owned approximately 0.08% of Sally Beauty as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Marshall Wace LLP acquired a new position in Sally Beauty in the 2nd quarter worth $11,796,000. Dimensional Fund Advisors LP grew its holdings in shares of Sally Beauty by 34.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,287,674 shares of the specialty retailer’s stock worth $35,276,000 after buying an additional 833,720 shares in the last quarter. Millennium Management LLC raised its position in Sally Beauty by 945.0% in the 2nd quarter. Millennium Management LLC now owns 847,956 shares of the specialty retailer’s stock valued at $9,099,000 after buying an additional 766,815 shares during the last quarter. FMR LLC lifted its stake in Sally Beauty by 2.6% in the 3rd quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock valued at $208,928,000 after acquiring an additional 387,736 shares in the last quarter. Finally, Maverick Capital Ltd. boosted its position in Sally Beauty by 141.3% during the 2nd quarter. Maverick Capital Ltd. now owns 262,481 shares of the specialty retailer’s stock worth $2,816,000 after acquiring an additional 153,707 shares during the last quarter.

Insider Transactions at Sally Beauty

In other news, CAO Kim Mcintosh sold 4,300 shares of Sally Beauty stock in a transaction on Monday, November 25th. The stock was sold at an average price of $14.53, for a total transaction of $62,479.00. Following the completion of the sale, the chief accounting officer now owns 16,685 shares of the company’s stock, valued at approximately $242,433.05. This trade represents a 20.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott C. Sherman sold 13,500 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $14.49, for a total transaction of $195,615.00. Following the completion of the sale, the insider now directly owns 42,431 shares of the company’s stock, valued at approximately $614,825.19. The trade was a 24.14 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday, November 15th. Morgan Stanley boosted their price target on shares of Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a research report on Friday, November 15th. StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. TD Cowen raised Sally Beauty from a “hold” rating to a “buy” rating and lifted their target price for the company from $14.00 to $16.00 in a research report on Monday, November 25th. Finally, DA Davidson increased their price target on Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.50.

Sally Beauty Stock Down 0.2 %

Shares of SBH stock opened at $12.71 on Wednesday. Sally Beauty Holdings, Inc. has a 52-week low of $9.06 and a 52-week high of $14.79. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.45 and a current ratio of 2.20. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 8.83 and a beta of 1.51. The firm’s 50-day moving average is $13.12 and its 200-day moving average is $12.19.

Sally Beauty (NYSE:SBH) last released its quarterly earnings data on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $935.88 million. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The business’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm posted $0.42 earnings per share. Sell-side analysts predict that Sally Beauty Holdings, Inc. will post 1.85 EPS for the current 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.