149,593 Shares of Sally Beauty Holdings, Inc. $SBH Acquired by Bank of America Corp DE

Key Points

• Bank of America acquired 149,593 shares of Sally Beauty Holdings in the second quarter, valued at approximately $2.1 million and representing about 0.16% of the company. Several other institutional investors also established new positions.
• Analyst sentiment remains mixed: TD Cowen raised its price target to $19 and maintained a Buy rating, while Wall Street Zen downgraded the stock to Hold. The overall consensus is Hold, with a target price of $17.40.
• Sally Beauty reported quarterly EPS of $0.55, beating estimates of $0.53, while revenue increased 0.3% year over year to $935.5 million. Shares opened at $16.41, with the company guiding to fiscal 2026 EPS of $2.04–$2.08.

Bank of America Corp DE acquired a new stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 149,593 shares of the specialty retailer's stock, valued at approximately $2,115,000. Bank of America Corp DE owned approximately 0.16% of Sally Beauty as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Freestone Grove Partners LP acquired a new stake in Sally Beauty in the second quarter valued at $871,000. Jupiter Topco LLC bought a new position in shares of Sally Beauty during the second quarter worth about $713,000. Hsbc Holdings PLC bought a new position in shares of Sally Beauty during the second quarter worth about $4,166,000. Canada Pension Plan Investment Board acquired a new position in Sally Beauty in the second quarter worth about $194,000. Finally, Legal & General Group Plc bought a new stake in Sally Beauty in the second quarter valued at about $3,406,000.

Analyst Upgrades and Downgrades

SBH has been the topic of several research reports. Wall Street Zen lowered Sally Beauty from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. TD Cowen increased their target price on shares of Sally Beauty from $17.00 to $19.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. Finally, Weiss Ratings upgraded shares of Sally Beauty from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, July 28th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $17.40.

Sally Beauty Stock Down 0.3%

SBH stock opened at $16.41 on Thursday. The company has a quick ratio of 0.57, a current ratio of 2.37 and a debt-to-equity ratio of 0.92. Sally Beauty Holdings, Inc. has a fifty-two week low of $11.54 and a fifty-two week high of $17.92. The firm's 50-day simple moving average is $16.22 and its 200 day simple moving average is $14.60. The stock has a market cap of $1.54 billion, a PE ratio of 8.55 and a beta of 1.05.

Sally Beauty (NYSE:SBH - Get Free Report) last posted its earnings results on Monday, August 3rd. The specialty retailer reported $0.55 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $935.49 million during the quarter, compared to analyst estimates of $938.45 million. During the same period in the previous year, the business 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 predict that Sally Beauty Holdings, Inc. will post 2.07 EPS for the current year.

Sally Beauty Profile

Sally Beauty Holdings, Inc operates specialty retailers and distributors of professional beauty products and salon supplies. The company serves both beauty professionals and individual consumers through its Sally Beauty and CosmoProf businesses.

Sally Beauty stores offer products including hair color, hair care, styling products, skin care, nail care, salon equipment and beauty accessories. CosmoProf primarily serves licensed stylists and salon owners, providing professional brands, technical education and products for salon services.

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