Dimensional Fund Advisors LP Has $35.28 Million Stake in Sally Beauty Holdings, Inc. (NYSE:SBH)

Dimensional Fund Advisors LP grew its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 34.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,287,674 shares of the specialty retailer’s stock after buying an additional 833,720 shares during the period. Dimensional Fund Advisors LP owned approximately 3.18% of Sally Beauty worth $35,276,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in SBH. Franklin Resources Inc. increased its stake in Sally Beauty by 1.4% during the fourth 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 during the period. Allianz Asset Management GmbH raised its stake in shares of Sally Beauty by 328.6% in the fourth quarter. Allianz Asset Management GmbH now owns 241,863 shares of the specialty retailer’s stock valued at $3,212,000 after purchasing an additional 185,433 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of Sally Beauty by 53.6% in the fourth quarter. Schroder Investment Management Group now owns 5,532,978 shares of the specialty retailer’s stock valued at $73,478,000 after purchasing an additional 1,931,188 shares in the last quarter. CastleKnight Management LP lifted its position in Sally Beauty by 189.4% in the fourth quarter. CastleKnight Management LP now owns 163,050 shares of the specialty retailer’s stock worth $2,165,000 after purchasing an additional 106,700 shares during the period. Finally, Invenomic Capital Management LP acquired a new stake in Sally Beauty during the fourth quarter worth $8,258,000.

Analyst Ratings Changes

SBH has been the subject of a number of analyst reports. Piper Sandler reduced their price objective on shares of Sally Beauty from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. DA Davidson reissued a “neutral” rating and issued a $12.00 price target on shares of Sally Beauty in a research report on Tuesday, August 13th. Finally, StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a report on Monday, September 16th. 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.00.

Sally Beauty Stock Down 0.6 %

Shares of NYSE SBH opened at $13.49 on Wednesday. The business has a fifty day moving average of $12.21 and a two-hundred day moving average of $11.50. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.40 and a current ratio of 2.12. Sally Beauty Holdings, Inc. has a 52-week low of $7.21 and a 52-week high of $13.94. The stock has a market cap of $1.38 billion, a PE ratio of 9.18 and a beta of 1.54.

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

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.