XTX Topco Ltd Has $195,000 Stake in Sally Beauty Holdings, Inc. (NYSE:SBH)

XTX Topco Ltd reduced its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH) by 7.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 18,185 shares of the specialty retailer’s stock after selling 1,392 shares during the quarter. XTX Topco Ltd’s holdings in Sally Beauty were worth $195,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Franklin Resources Inc. grew its holdings in shares of Sally Beauty by 1.4% in the 4th quarter. Franklin Resources Inc. now owns 58,959 shares of the specialty retailer’s stock valued at $783,000 after acquiring an additional 814 shares in the last quarter. Diversified Trust Co grew its stake in Sally Beauty by 2.7% in the second quarter. Diversified Trust Co now owns 33,948 shares of the specialty retailer’s stock valued at $364,000 after purchasing an additional 898 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Sally Beauty by 7.1% during the 1st quarter. ProShare Advisors LLC now owns 21,589 shares of the specialty retailer’s stock worth $268,000 after purchasing an additional 1,426 shares during the last quarter. DGS Capital Management LLC raised its stake in shares of Sally Beauty by 4.3% during the 1st quarter. DGS Capital Management LLC now owns 43,743 shares of the specialty retailer’s stock worth $543,000 after purchasing an additional 1,810 shares in the last quarter. Finally, TD Asset Management Inc raised its stake in shares of Sally Beauty by 16.4% during the 2nd quarter. TD Asset Management Inc now owns 17,000 shares of the specialty retailer’s stock worth $182,000 after purchasing an additional 2,400 shares in the last quarter.

Sally Beauty Trading Up 0.6 %

SBH stock opened at $13.42 on Monday. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 9.13 and a beta of 1.54. The company has a fifty day moving average price of $12.12 and a two-hundred day moving average price of $11.48. Sally Beauty Holdings, Inc. has a one year low of $7.21 and a one year high of $13.94. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.12 and a quick ratio of 0.40.

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

Wall Street Analysts Forecast Growth

SBH has been the topic of a number of recent analyst reports. Piper Sandler lowered their target price on shares of Sally Beauty from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. DA Davidson restated a “neutral” rating and set a $12.00 price objective on shares of Sally Beauty in a research note on Tuesday, August 13th. Finally, StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $11.00.

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.