Access Investment Management LLC Increases Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Access Investment Management LLC raised its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH) by 21.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 303,845 shares of the specialty retailer’s stock after purchasing an additional 53,670 shares during the quarter. Access Investment Management LLC owned 0.30% of Sally Beauty worth $3,175,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Hancock Whitney Corp boosted its holdings in Sally Beauty by 1.9% in the third quarter. Hancock Whitney Corp now owns 40,661 shares of the specialty retailer’s stock valued at $552,000 after purchasing an additional 773 shares during the last quarter. Quarry LP boosted its holdings in Sally Beauty by 369.3% in the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 2,345 shares during the last quarter. DGS Capital Management LLC boosted its holdings in Sally Beauty by 6.0% in the third quarter. DGS Capital Management LLC now owns 45,529 shares of the specialty retailer’s stock valued at $618,000 after purchasing an additional 2,575 shares during the last quarter. KBC Group NV boosted its holdings in Sally Beauty by 89.0% in 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 last quarter. Finally, Creative Planning boosted its holdings in Sally Beauty by 9.7% in the third quarter. Creative Planning now owns 38,046 shares of the specialty retailer’s stock valued at $516,000 after purchasing an additional 3,349 shares during the last quarter.

Insider Buying and Selling

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

Sally Beauty Stock Down 4.1 %

SBH opened at $8.94 on Friday. Sally Beauty Holdings, Inc. has a twelve month low of $8.88 and a twelve month high of $14.79. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43. The company has a 50-day moving average price of $10.70 and a 200 day moving average price of $12.11. The company has a market cap of $910.92 million, a PE ratio of 5.35 and a beta of 1.55.

Sally Beauty (NYSE:SBH) last released its quarterly 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. 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 during the quarter, compared to the consensus estimate of $941.44 million. Sell-side analysts expect that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on SBH. DA Davidson lowered their price target on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday, November 15th. Canaccord Genuity Group assumed coverage on shares of Sally Beauty in a research note on Thursday, January 16th. They set a “buy” rating and a $14.00 target price on the stock. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley lowered their target price on shares of Sally Beauty from $12.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.