Fox Run Management L.L.C. Has $108,000 Stock Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

Fox Run Management L.L.C. reduced its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 54.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,371 shares of the specialty retailer’s stock after selling 12,510 shares during the period. Fox Run Management L.L.C.’s holdings in Sally Beauty were worth $108,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SBH. FMR LLC grew its stake in shares of Sally Beauty by 2.6% in the 3rd quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock valued at $208,928,000 after purchasing an additional 387,736 shares during the period. Victory Capital Management Inc. raised its stake in Sally Beauty by 4.5% during the fourth quarter. Victory Capital Management Inc. now owns 3,671,306 shares of the specialty retailer’s stock worth $38,365,000 after acquiring an additional 156,580 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Sally Beauty by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,605,586 shares of the specialty retailer’s stock valued at $27,228,000 after acquiring an additional 59,478 shares during the period. Geode Capital Management LLC boosted its stake in shares of Sally Beauty by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer’s stock valued at $32,790,000 after purchasing an additional 43,016 shares in the last quarter. Finally, Lightrock Netherlands B.V. bought a new stake in shares of Sally Beauty in the 4th quarter worth about $9,413,000.

Sally Beauty Trading Down 3.2 %

SBH opened at $8.85 on Friday. The firm has a 50 day simple moving average of $9.64 and a 200 day simple moving average of $11.55. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44. Sally Beauty Holdings, Inc. has a fifty-two week low of $8.25 and a fifty-two week high of $14.79. The company has a market cap of $901.78 million, a price-to-earnings ratio of 5.30 and a beta of 1.54.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The business had revenue of $937.90 million for the quarter, compared to the consensus estimate of $941.44 million. On average, sell-side analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Canaccord Genuity Group initiated coverage on shares of Sally Beauty in a research report on Thursday, January 16th. They issued a “buy” rating and a $14.00 price target on the stock. Morgan Stanley reduced their price objective on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. DA Davidson lowered their target price on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Finally, StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Sally Beauty presently has a consensus rating of “Hold” and a consensus price target of $12.70.

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.