Trexquant Investment LP Has $9.08 Million Stock Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Trexquant Investment LP raised its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH) by 202.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 869,154 shares of the specialty retailer’s stock after purchasing an additional 581,877 shares during the quarter. Trexquant Investment LP owned 0.85% of Sally Beauty worth $9,083,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Intech Investment Management LLC boosted its stake in Sally Beauty by 96.1% in the third quarter. Intech Investment Management LLC now owns 27,134 shares of the specialty retailer’s stock valued at $368,000 after buying an additional 13,298 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Sally Beauty by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,546,108 shares of the specialty retailer’s stock valued at $34,551,000 after purchasing an additional 80,712 shares in the last quarter. Walleye Capital LLC grew its holdings in shares of Sally Beauty by 1,114.5% during the 3rd quarter. Walleye Capital LLC now owns 82,657 shares of the specialty retailer’s stock valued at $1,122,000 after purchasing an additional 75,851 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Sally Beauty during the 3rd quarter worth approximately $221,000. Finally, Atom Investors LP bought a new position in Sally Beauty in the 3rd quarter valued at approximately $1,016,000.

Sally Beauty Price Performance

Shares of SBH opened at $9.08 on Thursday. The business has a 50-day moving average of $9.51 and a 200-day moving average of $11.48. Sally Beauty Holdings, Inc. has a 1 year low of $8.25 and a 1 year high of $14.79. The company has a market capitalization of $925.74 million, a price-to-earnings ratio of 5.44 and a beta of 1.54. 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 issued its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, hitting 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 the consensus estimate of $941.44 million. As a group, equities research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.

Wall Street Analyst Weigh In

SBH has been the topic of a number of research reports. Morgan Stanley decreased 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. DA Davidson dropped their target price 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 report on Wednesday, February 19th. Finally, Canaccord Genuity Group initiated coverage on shares of Sally Beauty in a report on Thursday, January 16th. They issued a “buy” rating and a $14.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.70.

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.