AlphaQuest LLC Has $255,000 Stock Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

AlphaQuest LLC boosted its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 22,060.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 24,376 shares of the specialty retailer’s stock after purchasing an additional 24,266 shares during the period. AlphaQuest LLC’s holdings in Sally Beauty were worth $255,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Hancock Whitney Corp grew its stake in shares of Sally Beauty by 1.9% in the 3rd quarter. Hancock Whitney Corp now owns 40,661 shares of the specialty retailer’s stock valued at $552,000 after buying an additional 773 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Sally Beauty by 8.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,395 shares of the specialty retailer’s stock valued at $140,000 after acquiring an additional 1,090 shares during the last quarter. Quarry LP grew its position in Sally Beauty by 369.3% in the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock worth $40,000 after acquiring an additional 2,345 shares in the last quarter. DGS Capital Management LLC increased its stake in shares of Sally Beauty by 6.0% during the 3rd quarter. DGS Capital Management LLC now owns 45,529 shares of the specialty retailer’s stock worth $618,000 after purchasing an additional 2,575 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Sally Beauty by 89.0% during the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer’s stock valued at $61,000 after purchasing an additional 2,764 shares in the last quarter.

Sally Beauty Stock Up 1.8 %

Shares of SBH stock opened at $9.14 on Friday. Sally Beauty Holdings, Inc. has a 12 month low of $8.52 and a 12 month high of $14.79. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43. The firm has a market cap of $931.35 million, a PE ratio of 5.47 and a beta of 1.54. The stock has a 50 day moving average of $10.07 and a 200-day moving average of $11.81.

Sally Beauty (NYSE:SBH) last released its earnings results on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. The firm had revenue of $937.90 million during the quarter, compared to analysts’ expectations of $941.44 million. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. On average, equities analysts predict that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, January 21st. Canaccord Genuity Group began coverage on Sally Beauty in a report on Thursday, January 16th. They set a “buy” rating and a $14.00 price objective on the stock. DA Davidson reduced their target price on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a report on Tuesday, February 18th. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Finally, TD Cowen raised shares of Sally Beauty from a “hold” rating to a “buy” rating and lifted their price target for the company from $14.00 to $16.00 in a research report on Monday, November 25th. One equities 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 stock. According to MarketBeat.com, Sally Beauty has a consensus rating of “Hold” and an average price target of $12.70.

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.