EMC Capital Management Increases Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

EMC Capital Management boosted its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 105.5% in the 4th quarter, Holdings Channel reports. The fund owned 12,536 shares of the specialty retailer’s stock after purchasing an additional 6,436 shares during the period. EMC Capital Management’s holdings in Sally Beauty were worth $131,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quarry LP grew its position in shares of Sally Beauty by 369.3% in the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 2,345 shares during the period. Point72 DIFC Ltd purchased a new stake in Sally Beauty in the 3rd quarter valued at about $64,000. R Squared Ltd purchased a new position in shares of Sally Beauty during the 4th quarter worth about $56,000. KBC Group NV boosted its position in shares of Sally Beauty by 89.0% in the fourth quarter. KBC Group NV now owns 5,871 shares of the specialty retailer’s stock worth $61,000 after acquiring an additional 2,764 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in Sally Beauty in the third quarter valued at approximately $94,000.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SBH. DA Davidson lifted their price target on shares of Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Raymond James raised Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday, November 15th. Morgan Stanley reduced their price objective on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. Canaccord Genuity Group initiated coverage on shares of Sally Beauty in a research report on Thursday, January 16th. They set a “buy” rating and a $14.00 target price for the company. Finally, StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research report on Saturday, November 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.20.

Sally Beauty Stock Performance

Shares of NYSE:SBH opened at $11.33 on Friday. The company has a market cap of $1.15 billion, a P/E ratio of 7.87 and a beta of 1.56. Sally Beauty Holdings, Inc. has a one year low of $9.06 and a one year high of $14.79. The business’s 50-day simple moving average is $11.86 and its 200 day simple moving average is $12.24. 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 (NYSE:SBH) last posted its earnings results on Thursday, November 14th. The specialty retailer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $935.00 million for the quarter, compared to analysts’ expectations of $935.88 million. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 earnings per share. On average, sell-side analysts forecast that Sally Beauty Holdings, Inc. will post 1.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Sally Beauty

In related news, insider Scott C. Sherman sold 13,500 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.49, for a total value of $195,615.00. Following the completion of the transaction, the insider now owns 42,431 shares of the company’s stock, valued at approximately $614,825.19. This represents a 24.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Kim Mcintosh sold 4,300 shares of Sally Beauty stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.53, for a total value of $62,479.00. Following the sale, the chief accounting officer now owns 16,685 shares in the company, valued at $242,433.05. This represents a 20.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by corporate insiders.

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.