Evergreen Capital Management LLC Raises Stake in Sally Beauty Holdings, Inc. (NYSE:SBH)

Evergreen Capital Management LLC increased its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 19.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,070 shares of the specialty retailer’s stock after buying an additional 2,169 shares during the period. Evergreen Capital Management LLC’s holdings in Sally Beauty were worth $140,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Public Sector Pension Investment Board increased its stake in shares of Sally Beauty by 6.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 227,797 shares of the specialty retailer’s stock worth $2,444,000 after purchasing an additional 12,815 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Sally Beauty during the second quarter valued at $355,000. Intech Investment Management LLC purchased a new stake in Sally Beauty in the second quarter worth $148,000. Dimensional Fund Advisors LP raised its stake in shares of Sally Beauty by 34.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,287,674 shares of the specialty retailer’s stock valued at $35,276,000 after buying an additional 833,720 shares during the period. Finally, WINTON GROUP Ltd lifted its position in shares of Sally Beauty by 14.6% during the 2nd quarter. WINTON GROUP Ltd now owns 86,880 shares of the specialty retailer’s stock valued at $932,000 after buying an additional 11,070 shares during the last quarter.

Sally Beauty Stock Up 0.6 %

SBH stock opened at $13.42 on Friday. The stock has a 50-day simple moving average of $12.12 and a two-hundred day simple moving average of $11.48. Sally Beauty Holdings, Inc. has a twelve month low of $7.21 and a twelve month high of $13.94. The firm has a market capitalization of $1.39 billion, a PE ratio of 9.13 and a beta of 1.54. The company has a quick ratio of 0.40, a current ratio of 2.12 and a debt-to-equity ratio of 1.69.

Sally Beauty (NYSE:SBH) last posted its earnings results on Thursday, August 8th. The specialty retailer reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.05. The business 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%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS. On average, equities analysts predict that Sally Beauty Holdings, Inc. will post 1.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SBH. DA Davidson reissued a “neutral” rating and issued a $12.00 price objective on shares of Sally Beauty in a report on Tuesday, August 13th. StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Finally, Piper Sandler dropped their price target on shares of Sally Beauty from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. One research 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $11.00.

Sally Beauty 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.