5 Best Bargain Stocks To Buy in March

3. Sally Beauty Holdings, Inc. (NYSE:SBH)

Number of Hedge Fund Holders: 23

Sally Beauty Holdings, Inc. (NYSE:SBH) is a Texas-based company that operates as a specialty retailer and distributor of professional beauty supplies. On February 2, Sally Beauty Holdings, Inc. (NYSE:SBH) reported a FQ1 non-GAAP EPS of $0.52 and a revenue of $957.06 million, outperforming Wall Street estimates by $0.04 and $35.32 million, respectively. It is one of the best cheap stocks to monitor. 

On February 16, Cowen analyst Oliver Chen raised the firm’s price target on Sally Beauty Holdings, Inc. (NYSE:SBH) to $19 from $14 and kept a Market Perform rating on the shares. This comes after the company’s FQ1 results, which were “better than feared.” Despite this positive news, the firm remains cautious about the near-term outlook due to the ongoing price sensitivity of consumers in the current economic climate, the analyst wrote in a research note. 

According to Insider Monkey’s fourth quarter database, 23 hedge funds were bullish on Sally Beauty Holdings, Inc. (NYSE:SBH), compared to 20 funds in the prior quarter. Bernard Horn’s Polaris Capital Management is the largest stakeholder of the company, with 2.5 million shares worth $32.2 million.