KBC Group NV lifted its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH – Free Report) by 89.0% during the fourth quarter, Holdings Channel reports. The fund owned 5,871 shares of the specialty retailer’s stock after buying an additional 2,764 shares during the quarter. KBC Group NV’s holdings in Sally Beauty were worth $61,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SBH. FMR LLC raised its holdings in shares of Sally Beauty by 2.6% during the third quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock valued at $208,928,000 after purchasing an additional 387,736 shares during the period. JPMorgan Chase & Co. increased its position in Sally Beauty by 306.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 341,465 shares of the specialty retailer’s stock valued at $4,634,000 after buying an additional 257,510 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Sally Beauty by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,546,108 shares of the specialty retailer’s stock worth $34,551,000 after buying an additional 80,712 shares during the period. Point72 Asset Management L.P. bought a new position in Sally Beauty in the third quarter worth approximately $1,080,000. Finally, Walleye Capital LLC grew its stake in Sally Beauty by 1,114.5% in the third quarter. Walleye Capital LLC now owns 82,657 shares of the specialty retailer’s stock valued at $1,122,000 after acquiring an additional 75,851 shares during the period.

Sally Beauty Stock Performance

NYSE SBH opened at $9.57 on Tuesday. The company has a fifty day moving average price of $11.36 and a 200-day moving average price of $12.20. The firm has a market cap of $974.48 million, a price-to-earnings ratio of 6.64 and a beta of 1.55. 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 Holdings, Inc. has a 1 year low of $9.06 and a 1 year high of $14.79.

Sally Beauty (NYSE:SBH – Get Free Report) last released its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, topping the consensus estimate 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 net margin of 4.13% and a return on equity of 31.37%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 earnings per share. As a group, equities research analysts predict that Sally Beauty Holdings, Inc. will post 1.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SBH shares. TD Cowen raised Sally Beauty from a “hold” rating to a “buy” rating and upped their target price for the stock from $14.00 to $16.00 in a research report on Monday, November 25th. StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Saturday, November 23rd. 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 report on Tuesday, January 21st. Canaccord Genuity Group began coverage on shares of Sally Beauty in a research report on Thursday, January 16th. They set a “buy” rating and a $14.00 target price for the company. Finally, Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $13.20.

Read Our Latest Stock Report on SBH

Insider Activity

In related 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 value of $62,479.00. Following the transaction, the chief accounting officer now directly owns 16,685 shares of the company’s stock, valued at approximately $242,433.05. The trade was a 20.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott C. Sherman sold 13,500 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.49, for a total transaction of $195,615.00. Following the sale, the insider now owns 42,431 shares of the company’s stock, valued at $614,825.19. This trade represents a 24.14 % decrease in their position. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by corporate insiders.

Sally Beauty Company Profile

(Free Report)

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.

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