78,852 Shares in Sally Beauty Holdings, Inc. $SBH Acquired by Optimize Financial Inc

Key Points

• Optimize Financial Inc acquired 78,852 shares of Sally Beauty Holdings, Inc. (NYSE:SBH) for approximately $712,000, representing a 0.08% ownership stake as of its latest SEC filing.
• Analysts have mixed ratings on Sally Beauty, with price targets ranging from $12.88 to $16.00, reflecting a consensus rating of "Moderate Buy."
• Insider transactions revealed that Director Max R. Rangel purchased 3,500 shares at an average cost of $14.07 per share, indicating significant insider confidence in the company's prospects.

Optimize Financial Inc purchased a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 78,852 shares of the specialty retailer's stock, valued at approximately $712,000. Optimize Financial Inc owned approximately 0.08% of Sally Beauty as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC lifted its position in Sally Beauty by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer's stock valued at $31,000 after acquiring an additional 1,735 shares in the last quarter. Parallel Advisors LLC lifted its position in Sally Beauty by 536.4% in the 1st quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer's stock valued at $35,000 after acquiring an additional 3,304 shares in the last quarter. GAMMA Investing LLC lifted its position in Sally Beauty by 820.3% in the 1st quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer's stock valued at $43,000 after acquiring an additional 4,200 shares in the last quarter. CWM LLC lifted its position in Sally Beauty by 123.7% in the 1st quarter. CWM LLC now owns 8,949 shares of the specialty retailer's stock valued at $81,000 after acquiring an additional 4,948 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new position in Sally Beauty in the 1st quarter valued at about $100,000.

Insiders Place Their Bets

In related news, CEO Denise Paulonis acquired 4,500 shares of the stock in a transaction on Friday, August 8th. The shares were acquired at an average price of $11.74 per share, with a total value of $52,830.00. Following the completion of the transaction, the chief executive officer owned 366,865 shares in the company, valued at approximately $4,306,995.10. The trade was a 1.24% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Max R. Rangel acquired 3,500 shares of the stock in a transaction on Thursday, September 4th. The stock was bought at an average cost of $14.07 per share, for a total transaction of $49,245.00. Following the transaction, the director owned 3,500 shares of the company's stock, valued at approximately $49,245. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 10,500 shares of company stock valued at $132,125. Company insiders own 1.56% of the company's stock.

Sally Beauty Stock Performance

SBH stock traded down $0.28 during mid-day trading on Friday, hitting $14.98. The company had a trading volume of 2,580,883 shares, compared to its average volume of 2,151,060. The firm has a market cap of $1.48 billion, a PE ratio of 8.05 and a beta of 1.38. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.49 and a current ratio of 2.41. Sally Beauty Holdings, Inc. has a 12 month low of $7.54 and a 12 month high of $15.31. The stock's fifty day moving average price is $11.92 and its two-hundred day moving average price is $9.85.

Sally Beauty (NYSE:SBH - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The specialty retailer reported $0.51 EPS for the quarter, topping the consensus estimate of $0.42 by $0.09. The business had revenue of $933.31 million for the quarter, compared to analyst estimates of $928.78 million. Sally Beauty had a net margin of 5.26% and a return on equity of 28.11%. The company's revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Sally Beauty has set its FY 2025 guidance at EPS. On average, analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SBH shares. TD Cowen raised their price target on shares of Sally Beauty from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Thursday, September 4th. Cowen reaffirmed a "buy" rating on shares of Sally Beauty in a research report on Thursday, September 4th. Zacks Research raised shares of Sally Beauty from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 5th. Canaccord Genuity Group upped their price objective on shares of Sally Beauty from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen downgraded shares of Sally Beauty from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $12.88.

Sally Beauty Profile

Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.