Optimize Financial Inc Purchases New Holdings in Sally Beauty Holdings, Inc. $SBH

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 acquired a new position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 78,852 shares of the specialty retailer's stock, valued at approximately $712,000. Optimize Financial Inc owned about 0.08% 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. SummerHaven Investment Management LLC increased its position in shares of Sally Beauty by 1.9% during the first quarter. SummerHaven Investment Management LLC now owns 72,690 shares of the specialty retailer's stock worth $656,000 after purchasing an additional 1,323 shares in the last quarter. Rafferty Asset Management LLC grew its holdings in shares of Sally Beauty by 4.1% during the first quarter. Rafferty Asset Management LLC now owns 33,979 shares of the specialty retailer's stock valued at $307,000 after buying an additional 1,350 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Sally Beauty by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer's stock valued at $31,000 after buying an additional 1,735 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Sally Beauty by 3.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,595 shares of the specialty retailer's stock valued at $547,000 after buying an additional 2,026 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Sally Beauty by 23.1% during the first quarter. PNC Financial Services Group Inc. now owns 16,490 shares of the specialty retailer's stock valued at $149,000 after buying an additional 3,095 shares during the last quarter.

Sally Beauty Stock Performance

NYSE:SBH traded down $0.28 during mid-day trading on Friday, hitting $14.98. The company's stock had a trading volume of 2,580,883 shares, compared to its average volume of 2,227,952. Sally Beauty Holdings, Inc. has a 1 year low of $7.54 and a 1 year high of $15.31. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.41 and a quick ratio of 0.49. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 8.05 and a beta of 1.38. The business's fifty day moving average is $12.02 and its two-hundred day moving average is $9.89.

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

Insider Transactions at Sally Beauty

In other news, Director Diana Sue Ferguson bought 2,500 shares of the stock in a transaction dated Thursday, August 7th. The shares were acquired at an average cost of $12.02 per share, with a total value of $30,050.00. Following the purchase, the director directly owned 7,912 shares in the company, valued at $95,102.24. The trade was a 46.19% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Denise Paulonis bought 4,500 shares of the stock in a transaction dated Friday, August 8th. The shares were purchased at an average cost of $11.74 per share, for a total transaction of $52,830.00. Following the completion of the purchase, the chief executive officer owned 366,865 shares in the company, valued at approximately $4,306,995.10. This represents a 1.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 10,500 shares of company stock valued at $132,125 in the last ninety days. 1.56% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

About Sally Beauty

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.