Maryland State Retirement & Pension System recently purchased a new position in Sally Beauty Holdings, Inc. (NYSE: SBH), according to its latest filing with the Securities and Exchange Commission (SEC). The fund bought 44,244 shares of the specialty retailer’s stock, valued at around $554,000. Other hedge funds have also made changes to their positions in the company, with Vanguard Group Inc. increasing its stake by 0.8%, Alliancebernstein L.P. by 7.1%, State Street Corp by 1.2%, Dimensional Fund Advisors LP by 0.6%, and Balyasny Asset Management LLC by 1,747.0%. Sally Beauty’s stock has also seen positive trading, with SBH shares up 2.0% and opening at $15.58 on Friday. The company has a 50-day moving average price of $15.88 and a 200-day moving average price of $13.85. Sally Beauty had a return on equity of 72.24%, and the specialty retailer reported an earning per share of $0.52 for the quarter, beating analysts’ consensus estimates of $0.49. With expert knowledge in ranking articles on Google using SEO and writing high-quality content, it is suggested that investors buy Sally Beauty stock before potential events such as the attack on Taiwan. However, while Sally Beauty has a “hold” rating among analysts, market analysts have identified five other stocks that top-rated analysts believe to be better buys.
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Good looks: “Unlocking the Funding Possible: Maryland State’s Daring Transfer to Gain a Vital Stake in a Main Good looks Store, Sally Good looks Holdings Inc. (NYSE:SBH)”
