Victory Capital Management Inc. Increases Stock Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

Victory Capital Management Inc. raised its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,514,726 shares of the specialty retailer’s stock after purchasing an additional 10,016 shares during the period. Victory Capital Management Inc. owned 3.42% of Sally Beauty worth $47,695,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale acquired a new stake in shares of Sally Beauty in the first quarter valued at approximately $64,000. Quest Partners LLC lifted its holdings in shares of Sally Beauty by 16,095.6% during the second quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock worth $78,000 after purchasing an additional 7,243 shares during the period. nVerses Capital LLC acquired a new stake in shares of Sally Beauty during the third quarter worth $94,000. Algert Global LLC acquired a new stake in Sally Beauty in the second quarter valued at $113,000. Finally, Meeder Asset Management Inc. acquired a new stake in Sally Beauty in the second quarter valued at $117,000.

Sally Beauty Trading Down 2.7 %

NYSE SBH opened at $13.41 on Friday. Sally Beauty Holdings, Inc. has a 12 month low of $8.59 and a 12 month high of $14.36. The company has a 50-day moving average of $12.96 and a 200-day moving average of $11.87. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.12 and a quick ratio of 0.40. The company has a market cap of $1.38 billion, a P/E ratio of 9.79 and a beta of 1.53.

Wall Street Analysts Forecast Growth

SBH has been the subject of a number of research analyst reports. TD Cowen raised their price target on Sally Beauty from $13.00 to $14.00 and gave the company a “hold” rating in a research report on Friday. StockNews.com downgraded Sally Beauty from a “buy” rating to a “hold” rating in a research note on Friday. Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday. Morgan Stanley boosted their target price on shares of Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a research note on Friday. Finally, DA Davidson boosted their target price on shares of Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Sally Beauty has an average rating of “Hold” and an average target price of $13.00.

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.