Virtu Financial LLC Invests $254,000 in Sally Beauty Holdings, Inc. (NYSE:SBH)

Virtu Financial LLC acquired a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 24,305 shares of the specialty retailer’s stock, valued at approximately $254,000.

A number of other large investors have also added to or reduced their stakes in the business. FMR LLC grew its position in shares of Sally Beauty by 2.6% in the 3rd quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock valued at $208,928,000 after buying an additional 387,736 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Sally Beauty by 4.5% in the fourth quarter. Victory Capital Management Inc. now owns 3,671,306 shares of the specialty retailer’s stock valued at $38,365,000 after acquiring an additional 156,580 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Sally Beauty by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,605,586 shares of the specialty retailer’s stock valued at $27,228,000 after purchasing an additional 59,478 shares during the period. Geode Capital Management LLC raised its holdings in Sally Beauty by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer’s stock worth $32,790,000 after purchasing an additional 43,016 shares during the last quarter. Finally, Lightrock Netherlands B.V. acquired a new position in shares of Sally Beauty in the 4th quarter worth approximately $9,413,000.

Sally Beauty Stock Performance

Shares of Sally Beauty stock opened at $8.85 on Friday. The business has a 50-day simple moving average of $9.64 and a 200 day simple moving average of $11.55. Sally Beauty Holdings, Inc. has a one year low of $8.25 and a one year 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. The firm has a market capitalization of $901.78 million, a price-to-earnings ratio of 5.30 and a beta of 1.54.

Sally Beauty (NYSE:SBH) last released its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The firm had revenue of $937.90 million during the quarter, compared to the consensus estimate of $941.44 million. On average, research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SBH. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Morgan Stanley dropped their price objective on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. DA Davidson lowered their target price on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Finally, Canaccord Genuity Group began coverage on Sally Beauty in a research note on Thursday, January 16th. They issued a “buy” rating and a $14.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.70.

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.