nVerses Capital LLC Buys Shares of 6,900 Sally Beauty Holdings, Inc. (NYSE:SBH)

nVerses Capital LLC bought a new stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 6,900 shares of the specialty retailer’s stock, valued at approximately $94,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Sally Beauty by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 13,784,422 shares of the specialty retailer’s stock worth $183,057,000 after acquiring an additional 52,343 shares during the last quarter. DGS Capital Management LLC increased its stake in shares of Sally Beauty by 4.3% in the first quarter. DGS Capital Management LLC now owns 43,743 shares of the specialty retailer’s stock worth $543,000 after acquiring an additional 1,810 shares during the last quarter. Diversified Trust Co increased its stake in shares of Sally Beauty by 25.1% in the first quarter. Diversified Trust Co now owns 33,050 shares of the specialty retailer’s stock worth $410,000 after acquiring an additional 6,625 shares during the last quarter. Wasatch Advisors LP increased its stake in shares of Sally Beauty by 16.8% in the first quarter. Wasatch Advisors LP now owns 3,731,016 shares of the specialty retailer’s stock worth $46,339,000 after acquiring an additional 535,753 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Sally Beauty by 4.9% in the first quarter. Principal Financial Group Inc. now owns 1,436,185 shares of the specialty retailer’s stock worth $17,837,000 after acquiring an additional 67,563 shares during the last quarter.

Sally Beauty Stock Down 2.7 %

SBH stock opened at $12.61 on Monday. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.12 and a quick ratio of 0.40. Sally Beauty Holdings, Inc. has a 52-week low of $7.69 and a 52-week high of $13.94. The company has a 50-day moving average of $12.82 and a two-hundred day moving average of $11.58. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 8.58 and a beta of 1.53.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Thursday, August 8th. The specialty retailer reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. Sally Beauty had a net margin of 3.99% and a return on equity of 31.88%. The company had revenue of $942.30 million during the quarter, compared to analysts’ expectations of $931.77 million. During the same period in the prior year, the company earned $0.49 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.66 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SBH shares. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. DA Davidson reaffirmed a “neutral” rating and issued a $12.00 price target on shares of Sally Beauty in a research note on Tuesday, August 13th. Finally, Piper Sandler decreased their price objective on shares of Sally Beauty from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Sally Beauty currently has an average rating of “Hold” and a consensus price target of $11.00.

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.