Hillsdale Investment Management Inc. Acquires New Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

Hillsdale Investment Management Inc. purchased a new stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 303,976 shares of the specialty retailer’s stock, valued at approximately $3,177,000.

A number of other institutional investors also recently modified their holdings of SBH. FMR LLC grew its position in shares of Sally Beauty by 2.6% in the third quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock valued at $208,928,000 after purchasing an additional 387,736 shares during the last quarter. Victory Capital Management Inc. raised its stake in Sally Beauty by 4.5% during the 4th quarter. Victory Capital Management Inc. now owns 3,671,306 shares of the specialty retailer’s stock valued at $38,365,000 after purchasing an additional 156,580 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Sally Beauty by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,605,586 shares of the specialty retailer’s stock worth $27,228,000 after purchasing an additional 59,478 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Sally Beauty by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer’s stock worth $32,790,000 after purchasing an additional 43,016 shares during the period. Finally, Lightrock Netherlands B.V. bought a new stake in shares of Sally Beauty in the fourth quarter valued at about $9,413,000.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. DA Davidson cut their price target on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Canaccord Genuity Group started coverage on shares of Sally Beauty in a report on Thursday, January 16th. They set a “buy” rating and a $14.00 price objective for the company. Morgan Stanley cut their price target on shares of Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, TD Cowen raised Sally Beauty from a “hold” rating to a “buy” rating and lifted their price objective for the company from $14.00 to $16.00 in a report on Monday, November 25th. 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.70.

Sally Beauty Price Performance

Sally Beauty stock opened at $8.61 on Friday. The firm has a market capitalization of $877.42 million, a P/E ratio of 5.15 and a beta of 1.54. The business has a 50-day moving average of $9.86 and a 200-day moving average of $11.66. The company has a current ratio of 2.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.43. Sally Beauty Holdings, Inc. has a 1 year low of $8.25 and a 1 year high of $14.79.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, meeting analysts’ consensus estimates of $0.43. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The company had revenue of $937.90 million for the quarter, compared to analyst estimates of $941.44 million. On average, equities analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

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.