Hsbc Holdings PLC acquired a new stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 295,219 shares of the specialty retailer’s stock, valued at approximately $4,166,000. Hsbc Holdings PLC owned approximately 0.32% of Sally Beauty at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC boosted its position in shares of Sally Beauty by 392.5% during the third quarter. Larson Financial Group LLC now owns 1,906 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 1,519 shares during the last quarter. iSAM Funds UK Ltd bought a new stake in Sally Beauty in the 3rd quarter valued at $35,000. Intesa Sanpaolo Wealth Management bought a new stake in Sally Beauty in the 4th quarter valued at $36,000. KBC Group NV purchased a new stake in Sally Beauty in the 1st quarter worth $39,000. Finally, Osaic Holdings Inc. lifted its stake in Sally Beauty by 1,365.0% in the 2nd 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.
Insiders Place Their Bets
In other news, CFO Marlo Michelle Cormier Platz sold 42,771 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $12.70, for a total value of $543,191.70. Following the sale, the chief financial officer owned 138,145 shares of the company’s stock, valued at approximately $1,754,441.50. This represents a 23.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.00% of the stock is owned by company insiders.
Analyst Ratings Changes
Get Our Latest Stock Report on SBH
Sally Beauty Stock Up 1.2%
Shares of NYSE:SBH opened at $16.62 on Friday. The company has a 50-day moving average price of $15.32 and a 200 day moving average price of $14.49. 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 12 month low of $11.54 and a 12 month high of $17.92. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 8.66 and a beta of 1.03.
Sally Beauty (NYSE:SBH – Get Free Report) last announced its earnings results on Monday, August 3rd. The specialty retailer reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. Sally Beauty had a return on equity of 24.36% and a net margin of 5.16%.The firm had revenue of $935.49 million during the quarter, compared to analysts’ expectations of $938.45 million. During the same quarter in the previous year, the business earned $0.51 EPS. The company’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. As a group, equities research analysts predict that Sally Beauty Holdings, Inc. will post 2.07 earnings per share for the current year.
About Sally Beauty
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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