MANA Advisors LLC Takes Position in Sally Beauty Holdings, Inc. (SBH)
MANA Advisors LLC bought a new stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 22,347 shares of the specialty retailer’s stock, valued at approximately $419,000.
Other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue bought a new stake in Sally Beauty during the 4th quarter valued at $185,000. GSA Capital Partners LLP bought a new stake in Sally Beauty during the 3rd quarter valued at $197,000. Invictus RG bought a new stake in Sally Beauty during the 3rd quarter valued at $202,000. Koch Industries Inc. bought a new stake in Sally Beauty during the 4th quarter valued at $231,000. Finally, Crossmark Global Holdings Inc. bought a new stake in Sally Beauty during the 3rd quarter valued at $261,000.
Shares of Sally Beauty Holdings, Inc. (SBH) opened at $17.49 on Friday. Sally Beauty Holdings, Inc. has a 12 month low of $14.05 and a 12 month high of $21.36. The company has a quick ratio of 0.38, a current ratio of 1.97 and a debt-to-equity ratio of -5.17. The company has a market capitalization of $2,188.05, a price-to-earnings ratio of 9.66, a PEG ratio of 1.06 and a beta of 0.37.
Several brokerages have weighed in on SBH. BMO Capital Markets set a $18.00 target price on Sally Beauty and gave the company a “hold” rating in a research note on Thursday, February 8th. Zacks Investment Research raised Sally Beauty from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Friday, February 9th. Buckingham Research dropped their price objective on Sally Beauty from $18.00 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 6th. ValuEngine downgraded Sally Beauty from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Oppenheimer reissued a “hold” rating on shares of Sally Beauty in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $17.50.
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Sally Beauty Company Profile
Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.
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