Sally Beauty (NYSE:SBH) Shares Gap Up – What’s Next?

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) gapped up before the market opened on Thursday . The stock had previously closed at $12.53, but opened at $13.35. Sally Beauty shares last traded at $13.19, with a volume of 111,049 shares trading hands.

Wall Street Analyst Weigh In

SBH has been the topic of several analyst reports. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a report on Monday, September 16th. DA Davidson reiterated a “neutral” rating and set a $12.00 price target on shares of Sally Beauty in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.00.

Sally Beauty Stock Performance

The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 9.14 and a beta of 1.53. The firm’s 50 day moving average price is $12.91 and its 200-day moving average price is $11.84. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.12 and a quick ratio of 0.40.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Marshall Wace LLP acquired a new position in Sally Beauty during the 2nd quarter worth about $11,796,000. Dimensional Fund Advisors LP increased its stake in shares of Sally Beauty by 34.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,287,674 shares of the specialty retailer’s stock valued at $35,276,000 after acquiring an additional 833,720 shares during the last quarter. Millennium Management LLC increased its stake in shares of Sally Beauty by 945.0% in the 2nd quarter. Millennium Management LLC now owns 847,956 shares of the specialty retailer’s stock valued at $9,099,000 after acquiring an additional 766,815 shares during the last quarter. Invenomic Capital Management LP increased its stake in Sally Beauty by 96.8% during the 1st quarter. Invenomic Capital Management LP now owns 1,223,728 shares of the specialty retailer’s stock worth $15,199,000 after purchasing an additional 601,903 shares in the last quarter. Finally, FMR LLC boosted its holdings 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.

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.