Trexquant Investment LP Acquires 581,877 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Trexquant Investment LP increased its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 202.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 869,154 shares of the specialty retailer’s stock after acquiring an additional 581,877 shares during the quarter. Trexquant Investment LP’s holdings in Sally Beauty were worth $9,083,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SBH. Lightrock Netherlands B.V. acquired a new position in shares of Sally Beauty during the fourth quarter valued at about $9,413,000. Teacher Retirement System of Texas raised its stake in Sally Beauty by 269.8% during the 4th quarter. Teacher Retirement System of Texas now owns 732,845 shares of the specialty retailer’s stock worth $7,658,000 after buying an additional 534,651 shares during the period. Prudential Financial Inc. boosted its holdings in Sally Beauty by 341.1% in the fourth quarter. Prudential Financial Inc. now owns 471,528 shares of the specialty retailer’s stock worth $4,927,000 after acquiring an additional 364,621 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in Sally Beauty in the fourth quarter valued at approximately $3,177,000. Finally, Vanguard Group Inc. increased its holdings in shares of Sally Beauty by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 12,428,715 shares of the specialty retailer’s stock valued at $129,880,000 after acquiring an additional 279,222 shares in the last quarter.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Morgan Stanley decreased their target price 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. DA Davidson dropped their price target on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Finally, Canaccord Genuity Group began coverage on Sally Beauty in a research note on Thursday, January 16th. They set a “buy” rating and a $14.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.70.

Sally Beauty Stock Up 1.8 %

SBH opened at $9.08 on Thursday. Sally Beauty Holdings, Inc. has a fifty-two week low of $8.25 and a fifty-two week high of $14.79. The firm has a market capitalization of $925.74 million, a P/E ratio of 5.44 and a beta of 1.54. The company’s 50-day moving average is $9.51 and its 200 day moving average is $11.48. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44.

Sally Beauty (NYSE:SBH) last announced its earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. The firm had revenue of $937.90 million for the quarter, compared to the consensus estimate of $941.44 million. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. Research analysts expect that Sally Beauty Holdings, Inc. will post 1.81 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.