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

Geode Capital Management LLC raised its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 1.8% during the third quarter, HoldingsChannel reports. The fund owned 2,415,875 shares of the specialty retailer’s stock after acquiring an additional 43,016 shares during the quarter. Geode Capital Management LLC’s holdings in Sally Beauty were worth $32,790,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SBH. Quarry LP grew its position 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 valued at $40,000 after buying an additional 2,345 shares during the last quarter. Point72 DIFC Ltd acquired a new position in Sally Beauty during the third quarter worth about $64,000. Quest Partners LLC raised its holdings in shares of Sally Beauty by 16,095.6% in the 2nd quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock worth $78,000 after purchasing an additional 7,243 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Sally Beauty in the third quarter valued at $94,000. Finally, Algert Global LLC purchased a new stake in shares of Sally Beauty during the second quarter valued at $113,000.

Sally Beauty Price Performance

NYSE SBH opened at $11.25 on Thursday. The firm has a market cap of $1.15 billion, a P/E ratio of 7.81 and a beta of 1.51. The stock’s 50-day moving average is $12.91 and its two-hundred day moving average is $12.21. Sally Beauty Holdings, Inc. has a fifty-two week low of $9.06 and a fifty-two week high of $14.79. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.45.

Sally Beauty (NYSE:SBH) last announced its 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. The firm 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 company’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 earnings per share. On average, analysts anticipate that Sally Beauty Holdings, Inc. will post 1.85 earnings per share for the current fiscal year.

Insider Activity at Sally Beauty

In other news, CAO Kim Mcintosh sold 4,300 shares of the business’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 transaction, the chief accounting officer now owns 16,685 shares in the company, valued at approximately $242,433.05. The trade was a 20.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Scott C. Sherman sold 13,500 shares of the 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 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. 1.56% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SBH. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. DA Davidson raised their price objective on Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Raymond James upgraded Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday, November 15th. Morgan Stanley raised their price target on shares of Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday, November 15th. Finally, TD Cowen upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating and upped their price objective for the company from $14.00 to $16.00 in a research note on Monday, November 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Sally Beauty presently has an average rating of “Hold” and an average target price of $13.50.

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.