815,000 Shares in Sally Beauty Holdings, Inc. (NYSE:SBH) Purchased by Ranmore Fund Management Ltd

Ranmore Fund Management Ltd acquired a new stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 815,000 shares of the specialty retailer’s stock, valued at approximately $8,517,000. Sally Beauty makes up about 7.9% of Ranmore Fund Management Ltd’s holdings, making the stock its 6th biggest position. Ranmore Fund Management Ltd owned 0.80% of Sally Beauty at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Centiva Capital LP purchased a new stake in shares of Sally Beauty in the 3rd quarter valued at approximately $431,000. Point72 Asset Management L.P. acquired a new stake in shares of Sally Beauty in the third quarter worth $1,080,000. Point72 DIFC Ltd purchased a new position in shares of Sally Beauty during the third quarter valued at $64,000. Quarry LP grew its holdings in shares of Sally Beauty by 369.3% during the third 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 in the last quarter. Finally, Barclays PLC raised its position in Sally Beauty by 36.6% during the third quarter. Barclays PLC now owns 212,159 shares of the specialty retailer’s stock valued at $2,878,000 after buying an additional 56,879 shares during the period.

Sally Beauty Price Performance

NYSE SBH opened at $8.58 on Monday. The firm has a market cap of $874.26 million, a P/E ratio of 5.13 and a beta of 1.35. The stock’s 50-day moving average is $9.40 and its two-hundred day moving average is $11.40. Sally Beauty Holdings, Inc. has a fifty-two week low of $8.00 and a fifty-two week high of $14.79. 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 posted its earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. The firm had revenue of $937.90 million during the quarter, compared to analyst estimates of $941.44 million. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. On average, analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Morgan Stanley decreased their price target 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. DA Davidson reduced their price objective on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. 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 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 data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $12.70.

About Sally Beauty

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.