Freestone Grove Partners LP Takes Position in Sally Beauty Holdings, Inc. $SBH

Freestone Grove Partners LP acquired a new position in Sally Beauty Holdings, Inc. (NYSE:SBH – Free Report) during the second quarter, HoldingsChannel.com reports. The fund acquired 61,570 shares of the specialty retailer’s stock, valued at approximately $871,000.

Other large investors have also recently modified their holdings of the company. Larson Financial Group LLC lifted its position in Sally Beauty by 392.5% during the third quarter. Larson Financial Group LLC now owns 1,906 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 1,519 shares during the last quarter. iSAM Funds UK Ltd purchased a new position in Sally Beauty in the third quarter worth $35,000. Intesa Sanpaolo Wealth Management purchased a new position in Sally Beauty in the fourth quarter worth $36,000. KBC Group NV acquired a new position in shares of Sally Beauty during the first quarter worth $39,000. Finally, Osaic Holdings Inc. increased its position in shares of Sally Beauty by 1,365.0% during the second quarter. Osaic Holdings Inc. now owns 2,930 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 2,730 shares in the last quarter.

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Sally Beauty Stock Up 1.2%

NYSE:SBH opened at $16.62 on Friday. The company has a current ratio of 2.37, a quick ratio of 0.57 and a debt-to-equity ratio of 0.92. Sally Beauty Holdings, Inc. has a twelve month low of $11.54 and a twelve month high of $17.92. The company has a market cap of $1.56 billion, a PE ratio of 8.66 and a beta of 1.03. The company’s 50 day moving average is $15.32 and its two-hundred day moving average is $14.49.

Sally Beauty (NYSE:SBH – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The specialty retailer reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. Sally Beauty had a net margin of 5.16% and a return on equity of 24.36%. The business had revenue of $935.49 million during the quarter, compared to analysts’ expectations of $938.45 million. During the same quarter last year, the company posted $0.51 earnings per share. The business’s quarterly revenue was up .3% on a year-over-year basis. Sally Beauty has set its FY 2026 guidance at 2.040-2.080 EPS. Analysts anticipate that Sally Beauty Holdings, Inc. will post 2.07 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SBH. Wall Street Zen lowered Sally Beauty from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. TD Cowen boosted their target price on Sally Beauty from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Morgan Stanley reduced their target price on Sally Beauty from $16.00 to $13.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 12th. Finally, Weiss Ratings upgraded Sally Beauty from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Sally Beauty presently has an average rating of “Hold” and an average price target of $17.40.

Read Our Latest Analysis on Sally Beauty

Insider Activity

In related news, CFO Marlo Michelle Cormier Platz sold 42,771 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $12.70, for a total value of $543,191.70. Following the transaction, the chief financial officer directly owned 138,145 shares of the company’s stock, valued at $1,754,441.50. This represents a 23.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is currently owned by insiders.

Sally Beauty Profile

(Free Report)

Sally Beauty Holdings, Inc is a leading global specialty retailer and distributor of professional beauty supplies, serving both retail customers and salon professionals. The company operates two primary channels: Sally Beauty Supply, which offers a broad assortment of hair color, hair care, styling, and skincare products; and Beauty Systems Group (BSG), which provides salon-quality products and supplies to professional stylists and salon owners. With a focus on catering to diverse customer needs, Sally Beauty offers well-known brands alongside private label lines, positioning itself as a one-stop source for beauty professionals and enthusiasts alike.

Founded in 1964 and headquartered in Denton, Texas, Sally Beauty has grown through a combination of organic expansion and strategic acquisitions.

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