FORA Capital LLC Makes New $186,000 Investment in Sally Beauty Holdings, Inc. (NYSE:SBH)

FORA Capital LLC bought a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 13,689 shares of the specialty retailer’s stock, valued at approximately $186,000.

Several other hedge funds have also made changes to their positions in SBH. Foundry Partners LLC purchased a new stake in Sally Beauty during the 2nd quarter valued at approximately $535,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Sally Beauty during the third quarter worth approximately $771,000. Maverick Capital Ltd. lifted its holdings in shares of Sally Beauty by 141.3% during the second quarter. Maverick Capital Ltd. now owns 262,481 shares of the specialty retailer’s stock worth $2,816,000 after purchasing an additional 153,707 shares during the period. Wolverine Asset Management LLC grew its position in Sally Beauty by 120.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 100,567 shares of the specialty retailer’s stock valued at $1,079,000 after buying an additional 55,000 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. acquired a new position in Sally Beauty in the 2nd quarter valued at $559,000.

Sally Beauty Trading Down 1.5 %

Shares of Sally Beauty stock opened at $13.93 on Friday. The company has a 50-day moving average of $13.11 and a two-hundred day moving average of $12.05. The stock has a market cap of $1.42 billion, a PE ratio of 9.67 and a beta of 1.53. The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.56. Sally Beauty Holdings, Inc. has a 12-month low of $9.06 and a 12-month high of $14.79.

Sally Beauty (NYSE:SBH) last released its quarterly earnings data on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. The firm had revenue of $935.00 million during the quarter, compared to the consensus estimate of $935.88 million. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. Sally Beauty’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the business posted $0.42 EPS. On average, research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.85 EPS for the current fiscal year.

Analysts Set New Price Targets

SBH has been the topic of several analyst reports. Morgan Stanley lifted their target price on shares of Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a report on Friday, November 15th. TD Cowen raised Sally Beauty from a “hold” rating to a “buy” rating and lifted their price objective for the company from $14.00 to $16.00 in a report on Monday, November 25th. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. DA Davidson raised their price target on Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Finally, Raymond James raised Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $13.50.

Insider Buying and Selling

In other Sally Beauty news, insider Scott C. Sherman sold 13,500 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $14.49, for a total value of $195,615.00. Following the sale, the insider now owns 42,431 shares of the company’s stock, valued at $614,825.19. This represents a 24.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Kim Mcintosh sold 4,300 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.53, for a total transaction of $62,479.00. Following the transaction, the chief accounting officer now directly owns 16,685 shares of the company’s stock, valued at approximately $242,433.05. This trade represents a 20.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.36% of the company’s stock.

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.