Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Bought by EMC Capital Management

EMC Capital Management grew its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 105.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,536 shares of the specialty retailer’s stock after acquiring an additional 6,436 shares during the quarter. EMC Capital Management’s holdings in Sally Beauty were worth $131,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SBH. Squarepoint Ops LLC acquired a new stake in Sally Beauty during the 2nd quarter worth $1,190,000. Millennium Management LLC boosted its stake in shares of Sally Beauty by 945.0% during the second quarter. Millennium Management LLC now owns 847,956 shares of the specialty retailer’s stock worth $9,099,000 after buying an additional 766,815 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Sally Beauty by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 51,196 shares of the specialty retailer’s stock worth $549,000 after buying an additional 1,395 shares during the period. Algert Global LLC acquired a new position in Sally Beauty in the 2nd quarter valued at about $113,000. Finally, Creative Planning increased its position in Sally Beauty by 10.7% in the 2nd quarter. Creative Planning now owns 34,697 shares of the specialty retailer’s stock valued at $372,000 after acquiring an additional 3,341 shares during the period.

Insider Transactions at Sally Beauty

In other Sally Beauty news, CAO Kim Mcintosh sold 4,300 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $14.53, for a total transaction of $62,479.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,685 shares in the company, valued at approximately $242,433.05. This trade represents a 20.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Scott C. Sherman sold 13,500 shares of the company’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 in the company, valued at $614,825.19. This trade represents a 24.14 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. TD Cowen upgraded 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 note on Monday, November 25th. Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday, November 15th. DA Davidson raised their target price on shares of Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note 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. Finally, Morgan Stanley reduced their price objective on shares of Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $13.20.

Sally Beauty Stock Up 2.7 %

SBH stock opened at $11.33 on Friday. Sally Beauty Holdings, Inc. has a 52 week low of $9.06 and a 52 week high of $14.79. The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.56. The company has a market cap of $1.15 billion, a P/E ratio of 7.87 and a beta of 1.56. The company’s 50-day moving average price is $11.86 and its 200 day moving average price is $12.24.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share 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 return on equity of 31.37% and a net margin of 4.13%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 EPS. On average, research analysts expect that Sally Beauty Holdings, Inc. will post 1.84 earnings per share for the current fiscal 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.