Legal & General Group Plc bought a new position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH – Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 240,903 shares of the specialty retailer’s stock, valued at approximately $3,406,000.
A number of other large investors have also modified their holdings of SBH. Osaic Holdings Inc. boosted its stake in shares of Sally Beauty by 1,365.0% in the second quarter. Osaic Holdings Inc. now owns 2,930 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 2,730 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Sally Beauty by 392.5% in 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 period. Raymond James Financial Inc. acquired a new stake in Sally Beauty in the second quarter valued at $34,000. iSAM Funds UK Ltd purchased a new stake in shares of Sally Beauty during the 3rd quarter worth $35,000. Finally, Intesa Sanpaolo Wealth Management purchased a new stake in shares of Sally Beauty during the 4th quarter worth $36,000.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on SBH. Weiss Ratings upgraded shares of Sally Beauty from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 28th. TD Cowen increased their target price on shares of Sally Beauty from $17.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Morgan Stanley reduced their price target on shares of Sally Beauty from $16.00 to $13.00 and set an “underweight” rating for the company in a research report on Tuesday, May 12th. Finally, Wall Street Zen lowered Sally Beauty from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Sally Beauty has an average rating of “Hold” and a consensus target price of $17.40.
Insider Buying and Selling
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 completion of the transaction, the chief financial officer directly owned 138,145 shares in the company, valued at approximately $1,754,441.50. This represents a 23.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.00% of the company’s stock.
Sally Beauty Stock Up 1.2%
Shares of NYSE SBH opened at $16.67 on Friday. The firm has a market cap of $1.56 billion, a P/E ratio of 8.68 and a beta of 1.05. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.57 and a current ratio of 2.37. Sally Beauty Holdings, Inc. has a 1 year low of $11.54 and a 1 year high of $17.92. The firm’s 50 day moving average price is $15.58 and its 200 day moving average price is $14.51.
Sally Beauty (NYSE:SBH – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The specialty retailer reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. Sally Beauty had a return on equity of 24.36% and a net margin of 5.16%.The company had revenue of $935.49 million during the quarter, compared to the consensus estimate of $938.45 million. During the same period in the previous year, the firm posted $0.51 EPS. Sally Beauty’s 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, sell-side analysts anticipate that Sally Beauty Holdings, Inc. will post 2.07 earnings per share for the current year.
Sally Beauty Company Profile
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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