Maverick Capital Ltd. Purchases 153,707 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Maverick Capital Ltd. boosted its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 141.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 262,481 shares of the specialty retailer’s stock after acquiring an additional 153,707 shares during the period. Maverick Capital Ltd. owned 0.26% of Sally Beauty worth $2,816,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. AXA S.A. boosted its position in shares of Sally Beauty by 446.7% during the second quarter. AXA S.A. now owns 166,519 shares of the specialty retailer’s stock worth $1,787,000 after buying an additional 136,062 shares during the period. Squarepoint Ops LLC bought a new stake in Sally Beauty in the 2nd quarter valued at $1,190,000. Marshall Wace LLP acquired a new stake in shares of Sally Beauty during the 2nd quarter worth about $11,796,000. Bank of Montreal Can boosted its holdings in shares of Sally Beauty by 3.0% during the second quarter. Bank of Montreal Can now owns 380,087 shares of the specialty retailer’s stock worth $4,078,000 after acquiring an additional 10,998 shares during the period. Finally, Lombard Odier Asset Management USA Corp acquired a new position in Sally Beauty in the 2nd quarter valued at $272,000.

Analyst Ratings Changes

Several analysts have recently issued reports on SBH shares. DA Davidson reissued a “neutral” rating and set a $12.00 target price on shares of Sally Beauty in a report on Tuesday, August 13th. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Finally, Piper Sandler lowered their target price on Sally Beauty from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.00.

Sally Beauty Price Performance

Shares of NYSE:SBH opened at $13.35 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.12 and a quick ratio of 0.40. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 9.08 and a beta of 1.54. The company’s fifty day moving average price is $12.08 and its 200-day moving average price is $11.47. Sally Beauty Holdings, Inc. has a one year low of $7.21 and a one year high of $13.94.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Thursday, August 8th. The specialty retailer reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.05. The company had revenue of $942.30 million for the quarter, compared to analysts’ expectations of $931.77 million. Sally Beauty had a net margin of 3.99% and a return on equity of 31.88%. Sally Beauty’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.49 earnings per share. On average, equities research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.66 earnings per share for the current fiscal 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.