Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Purchased by Profit Investment Management LLC

Profit Investment Management LLC boosted its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 9.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 194,209 shares of the specialty retailer’s stock after acquiring an additional 16,816 shares during the quarter. Sally Beauty accounts for 1.6% of Profit Investment Management LLC’s holdings, making the stock its 28th largest position. Profit Investment Management LLC owned approximately 0.19% of Sally Beauty worth $2,029,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Quarry LP increased its holdings in shares of Sally Beauty by 369.3% during the 3rd quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock worth $40,000 after buying an additional 2,345 shares during the last quarter. Point72 DIFC Ltd purchased a new position in Sally Beauty in the third quarter valued at $64,000. nVerses Capital LLC acquired a new position in shares of Sally Beauty during the third quarter worth about $94,000. Algert Global LLC acquired a new position in Sally Beauty during the 2nd quarter worth approximately $113,000. Finally, LMR Partners LLP purchased a new position in Sally Beauty in the third quarter valued at $157,000.

Insider Activity

In related news, CAO Kim Mcintosh sold 4,300 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 16,685 shares of the company’s stock, valued at approximately $242,433.05. This represents a 20.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Scott C. Sherman sold 13,500 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $14.49, for a total transaction of $195,615.00. Following the sale, the insider now 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. Company insiders own 1.56% of the company’s stock.

Sally Beauty Trading Up 1.0 %

Shares of SBH opened at $11.11 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.45 and a current ratio of 2.20. Sally Beauty Holdings, Inc. has a one year low of $9.06 and a one year high of $14.79. The stock has a 50-day moving average price of $12.24 and a 200 day moving average price of $12.21. The company has a market capitalization of $1.13 billion, a P/E ratio of 7.71 and a beta of 1.56.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The business had revenue of $935.00 million during the quarter, compared to analyst estimates of $935.88 million. During the same quarter in the previous year, the firm earned $0.42 earnings per share. The business’s revenue was up 1.5% compared to the same quarter last year. Sell-side analysts forecast that Sally Beauty Holdings, Inc. will post 1.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SBH has been the topic of several research analyst reports. Raymond James upgraded shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday, November 15th. DA Davidson lifted their price objective on shares of Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Morgan Stanley increased their target price on Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a research note on Friday, November 15th. Canaccord Genuity Group assumed coverage on shares of Sally Beauty in a report on Thursday. They set a “buy” rating and a $14.00 price objective on the stock. Finally, TD Cowen upgraded Sally Beauty from a “hold” rating to a “buy” rating and raised their price target for the company from $14.00 to $16.00 in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $13.60.

Sally Beauty Company 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.