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

FORA Capital LLC bought a new position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,689 shares of the specialty retailer’s stock, valued at approximately $186,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SBH. Price T Rowe Associates Inc. MD boosted its holdings in shares of Sally Beauty by 5.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 70,670 shares of the specialty retailer’s stock worth $878,000 after purchasing an additional 3,862 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its stake in Sally Beauty by 29.9% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 17,897 shares of the specialty retailer’s stock worth $222,000 after buying an additional 4,117 shares during the last quarter. Boston Partners purchased a new stake in Sally Beauty in the 1st quarter valued at about $617,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Sally Beauty during the 1st quarter valued at about $64,000. Finally, Profit Investment Management LLC lifted its holdings in shares of Sally Beauty by 78.3% during the 2nd quarter. Profit Investment Management LLC now owns 249,365 shares of the specialty retailer’s stock worth $2,676,000 after acquiring an additional 109,484 shares during the period.

Insiders Place Their Bets

In related news, insider Scott C. Sherman sold 13,500 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.49, for a total value of $195,615.00. Following the completion of the transaction, the insider now owns 42,431 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through this link. Also, CAO Kim Mcintosh sold 4,300 shares of Sally Beauty stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.53, for a total value of $62,479.00. Following the sale, the chief accounting officer now owns 16,685 shares in the company, valued at $242,433.05. This represents a 20.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.36% of the stock is owned by company insiders.

Sally Beauty Stock Performance

NYSE:SBH opened at $13.93 on Friday. Sally Beauty Holdings, Inc. has a twelve month low of $9.06 and a twelve month high of $14.79. The firm has a market capitalization of $1.42 billion, a price-to-earnings 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. The firm’s fifty day simple moving average is $13.11 and its 200 day simple moving average is $12.05.

Sally Beauty (NYSE:SBH) last issued its earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. The company 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%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 earnings per share. As a group, equities research analysts expect that Sally Beauty Holdings, Inc. will post 1.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.