Olympiad Research LP Purchases Shares of 26,120 Sally Beauty Holdings, Inc. (NYSE:SBH)

Olympiad Research LP acquired a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 26,120 shares of the specialty retailer’s stock, valued at approximately $273,000.

Other hedge funds have also recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Sally Beauty in the 3rd quarter worth approximately $771,000. Barclays PLC lifted its holdings in shares of Sally Beauty by 36.6% in the third quarter. Barclays PLC now owns 212,159 shares of the specialty retailer’s stock worth $2,878,000 after buying an additional 56,879 shares in the last quarter. FMR LLC boosted its position in shares of Sally Beauty by 2.6% during the third quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock worth $208,928,000 after acquiring an additional 387,736 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Sally Beauty by 306.7% during the third quarter. JPMorgan Chase & Co. now owns 341,465 shares of the specialty retailer’s stock valued at $4,634,000 after acquiring an additional 257,510 shares in the last quarter. Finally, Jennison Associates LLC bought a new stake in Sally Beauty in the 4th quarter valued at $553,000.

Analyst Upgrades and Downgrades

Several research firms have commented on SBH. Canaccord Genuity Group initiated coverage on shares of Sally Beauty in a report on Thursday, January 16th. They set a “buy” rating and a $14.00 price objective for the company. Raymond James raised Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday, November 15th. Morgan Stanley cut their price target on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, January 21st. DA Davidson decreased their price objective on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Finally, StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.70.

Sally Beauty Price Performance

Shares of Sally Beauty stock opened at $8.94 on Monday. The stock has a market cap of $910.92 million, a price-to-earnings ratio of 5.35 and a beta of 1.55. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. The stock has a 50 day moving average price of $10.70 and a 200-day moving average price of $12.13. Sally Beauty Holdings, Inc. has a one year low of $8.88 and a one year high of $14.79.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 EPS 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 company had revenue of $937.90 million during the quarter, compared to analyst estimates of $941.44 million. Equities analysts expect that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

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.