61,425 Shares in Sally Beauty Holdings, Inc. (NYSE:SBH) Purchased by Cinctive Capital Management LP

Cinctive Capital Management LP acquired a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 61,425 shares of the specialty retailer’s stock, valued at approximately $834,000. Cinctive Capital Management LP owned about 0.06% of Sally Beauty at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SBH. Price T Rowe Associates Inc. MD increased its stake in shares of Sally Beauty by 5.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 70,670 shares of the specialty retailer’s stock worth $878,000 after purchasing an additional 3,862 shares in the last quarter. Boston Partners purchased a new position in Sally Beauty during the first quarter worth $617,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Sally Beauty in the first quarter worth $64,000. Profit Investment Management LLC lifted its position in shares of Sally Beauty by 78.3% in the second quarter. Profit Investment Management LLC now owns 249,365 shares of the specialty retailer’s stock valued at $2,676,000 after acquiring an additional 109,484 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Sally Beauty during the second quarter valued at $289,000.

Wall Street Analysts Forecast Growth

SBH has been the subject of several analyst reports. Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday, November 15th. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research report on Saturday, November 23rd. Morgan Stanley raised their target price on shares of Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a research report on Friday, November 15th. TD Cowen upgraded Sally Beauty from a “hold” rating to a “buy” rating and boosted their price target for the company from $14.00 to $16.00 in a report on Monday, November 25th. Finally, DA Davidson raised their price objective on Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $13.50.

Sally Beauty Stock Performance

Shares of SBH stock opened at $13.71 on Wednesday. Sally Beauty Holdings, Inc. has a one year low of $9.06 and a one year high of $14.79. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 9.52 and a beta of 1.51. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.45 and a current ratio of 2.20. The company has a 50 day moving average price of $13.14 and a 200 day moving average price of $12.10.

Sally Beauty (NYSE:SBH) last released its quarterly earnings data on Thursday, November 14th. The specialty retailer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The company had revenue of $935.00 million for the quarter, compared to the consensus estimate of $935.88 million. During the same period last year, the business posted $0.42 EPS. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. Sell-side analysts anticipate that Sally Beauty Holdings, Inc. will post 1.85 EPS for the current year.

Insiders Place Their Bets

In other Sally Beauty news, CAO Kim Mcintosh sold 4,300 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was 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 $242,433.05. This trade represents a 20.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Scott C. Sherman sold 13,500 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.49, for a total value of $195,615.00. Following the completion of the sale, the insider now directly owns 42,431 shares of the company’s stock, valued at $614,825.19. The trade was a 24.14 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is owned by insiders.

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.