AXQ Capital LP Takes Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

AXQ Capital LP acquired a new position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 13,774 shares of the specialty retailer’s stock, valued at approximately $144,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hillsdale Investment Management Inc. acquired a new position in shares of Sally Beauty in the fourth quarter worth $3,177,000. American Century Companies Inc. raised its stake in Sally Beauty by 11.1% in the 4th quarter. American Century Companies Inc. now owns 213,593 shares of the specialty retailer’s stock valued at $2,232,000 after purchasing an additional 21,259 shares during the last quarter. Virtu Financial LLC purchased a new position in Sally Beauty in the 4th quarter valued at about $254,000. Magnetar Financial LLC acquired a new stake in shares of Sally Beauty during the 4th quarter worth about $254,000. Finally, Teacher Retirement System of Texas grew its holdings in shares of Sally Beauty by 269.8% during the fourth 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 in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SBH shares. Canaccord Genuity Group assumed 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 on the stock. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. TD Cowen upgraded Sally Beauty from a “hold” rating to a “buy” rating and upped their target price for the company from $14.00 to $16.00 in a research note on Monday, November 25th. DA Davidson decreased their price target on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Finally, Morgan Stanley dropped their price objective on shares of Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.70.

Sally Beauty Stock Performance

Sally Beauty stock opened at $8.91 on Tuesday. 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 Holdings, Inc. has a 12 month low of $8.25 and a 12 month high of $14.79. The company has a market cap of $907.90 million, a price-to-earnings ratio of 5.33 and a beta of 1.54. The stock’s 50-day moving average is $9.82 and its 200-day moving average is $11.63.

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