Dynamic Technology Lab Private Ltd Takes Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) in the third quarter, HoldingsChannel reports. The institutional investor acquired 17,304 shares of the specialty retailer’s stock, valued at approximately $235,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale bought a new position in shares of Sally Beauty in the first quarter worth approximately $64,000. Quest Partners LLC boosted its holdings in 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 buying an additional 7,243 shares during the period. nVerses Capital LLC purchased a new stake in Sally Beauty in the 3rd quarter worth $94,000. Algert Global LLC purchased a new stake in Sally Beauty in the 2nd quarter worth $113,000. Finally, Meeder Asset Management Inc. bought a new stake in Sally Beauty during the second quarter valued at about $117,000.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Sally Beauty news, CAO Kim Mcintosh sold 4,300 shares of Sally Beauty stock in a transaction on 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 of the company’s stock, valued at $242,433.05. The trade was a 20.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott C. Sherman sold 13,500 shares of the stock in a transaction on 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 approximately $614,825.19. This represents a 24.14 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company’s stock.

Sally Beauty Stock Down 1.5 %

Shares of SBH opened at $13.93 on Monday. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.45. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 9.67 and a beta of 1.53. Sally Beauty Holdings, Inc. has a 1 year low of $9.06 and a 1 year high of $14.79. The business’s 50 day simple moving average is $13.12 and its 200-day simple moving average is $12.07.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The company had revenue of $935.00 million for the quarter, compared to the consensus estimate of $935.88 million. During the same quarter in the prior year, the firm earned $0.42 earnings per share. Sally Beauty’s revenue was up 1.5% on a year-over-year basis. As a group, equities analysts expect that Sally Beauty Holdings, Inc. will post 1.85 earnings per share for the current fiscal year.

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.