Lightrock Netherlands B.V. Purchases Shares of 896,307 Sally Beauty Holdings, Inc. (NYSE:SBH)

Lightrock Netherlands B.V. acquired a new position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 896,307 shares of the specialty retailer’s stock, valued at approximately $9,413,000. Sally Beauty accounts for about 3.3% of Lightrock Netherlands B.V.’s holdings, making the stock its 10th biggest position. Lightrock Netherlands B.V. owned 0.88% of Sally Beauty at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Quarry LP raised its holdings in shares of Sally Beauty by 369.3% during the 3rd quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock valued at $40,000 after buying an additional 2,345 shares during the period. R Squared Ltd acquired a new stake in Sally Beauty in the fourth quarter valued at approximately $56,000. KBC Group NV raised its stake in shares of Sally Beauty by 89.0% during the fourth quarter. KBC Group NV now owns 5,871 shares of the specialty retailer’s stock valued at $61,000 after purchasing an additional 2,764 shares during the period. Point72 DIFC Ltd acquired a new position in shares of Sally Beauty during the third quarter worth $64,000. Finally, nVerses Capital LLC purchased a new position in shares of Sally Beauty in the third quarter valued at $94,000.

Analysts Set New Price Targets

SBH has been the topic 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. Morgan Stanley dropped their target price on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a report on Saturday, November 23rd. Canaccord Genuity Group assumed coverage on Sally Beauty in a report on Thursday, January 16th. They set a “buy” rating and a $14.00 price objective on the stock. Finally, DA Davidson upped their target price on Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.20.

Sally Beauty Stock Down 2.0 %

Shares of Sally Beauty stock opened at $9.57 on Tuesday. The business has a 50-day moving average price of $11.36 and a 200 day moving average price of $12.20. Sally Beauty Holdings, Inc. has a fifty-two week low of $9.06 and a fifty-two week high of $14.79. The firm has a market cap of $974.48 million, a P/E ratio of 6.64 and a beta of 1.55. The company has a quick ratio of 0.45, a current ratio of 2.20 and a debt-to-equity ratio of 1.56.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, beating 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 business had revenue of $935.00 million during the quarter, compared to the consensus estimate of $935.88 million. During the same period in the previous year, the business earned $0.42 EPS. The business’s quarterly revenue was up 1.5% on a year-over-year basis. On average, sell-side analysts forecast that Sally Beauty Holdings, Inc. will post 1.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Scott C. Sherman sold 13,500 shares of the business’s stock in a transaction dated 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 owns 42,431 shares of the company’s stock, valued at $614,825.19. This represents a 24.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Kim Mcintosh sold 4,300 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.53, for a total transaction of $62,479.00. Following the sale, the chief accounting officer now owns 16,685 shares in the company, valued at approximately $242,433.05. This trade represents a 20.49 % decrease in their position. The disclosure for this sale can be found here. 1.56% of the stock is owned by corporate insiders.

Sally Beauty 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.