Algert Global LLC Cuts Stock Position in Sally Beauty Holdings, Inc. $SBH

Key Points

• Algert Global LLC reduced its stake in Sally Beauty Holdings, Inc. by 77.9%, selling 225,500 shares, and now holds approximately 63,895 shares valued at $577,000.
• CEO Denise Paulonis acquired 4,500 shares of Sally Beauty, increasing her stake by 1.24%, while Director Diana Sue Ferguson purchased 2,500 shares, boosting her ownership by 46.19%.
• Canaccord Genuity raised Sally Beauty's price target from $14.00 to $15.00, while currently, the stock holds a consensus rating of "Hold" among analysts.

Algert Global LLC decreased its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 77.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,895 shares of the specialty retailer's stock after selling 225,500 shares during the period. Algert Global LLC owned approximately 0.06% of Sally Beauty worth $577,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Sally Beauty by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 12,974,982 shares of the specialty retailer's stock worth $117,164,000 after purchasing an additional 546,267 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Sally Beauty by 12.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,049,732 shares of the specialty retailer's stock valued at $42,316,000 after purchasing an additional 459,972 shares in the last quarter. ArrowMark Colorado Holdings LLC boosted its stake in shares of Sally Beauty by 5.6% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 4,022,723 shares of the specialty retailer's stock valued at $42,037,000 after purchasing an additional 214,108 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Sally Beauty by 9.3% during the first quarter. Victory Capital Management Inc. now owns 4,013,531 shares of the specialty retailer's stock worth $36,242,000 after acquiring an additional 342,225 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Sally Beauty by 10.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,868,855 shares of the specialty retailer's stock worth $25,906,000 after acquiring an additional 263,269 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Sally Beauty from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Canaccord Genuity Group boosted their price objective on Sally Beauty from $14.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $12.88.

Sally Beauty Stock Performance

Shares of SBH traded up $0.43 during mid-day trading on Friday, hitting $13.85. The stock had a trading volume of 3,179,305 shares, compared to its average volume of 2,223,068. The firm has a market cap of $1.37 billion, a P/E ratio of 7.45 and a beta of 1.30. The business has a fifty day moving average price of $11.00 and a 200-day moving average price of $9.52. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.41 and a quick ratio of 0.49. Sally Beauty Holdings, Inc. has a 52 week low of $7.54 and a 52 week high of $14.79.

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

Insiders Place Their Bets

In other Sally Beauty news, CEO Denise Paulonis bought 4,500 shares of the firm's stock in a transaction on Friday, August 8th. The shares were acquired at an average cost of $11.74 per share, for a total transaction of $52,830.00. Following the purchase, the chief executive officer directly owned 366,865 shares of the company's stock, valued at $4,306,995.10. The trade was a 1.24% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Diana Sue Ferguson bought 2,500 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was acquired at an average price of $12.02 per share, for a total transaction of $30,050.00. Following the completion of the purchase, the director directly owned 7,912 shares in the company, valued at approximately $95,102.24. The trade was a 46.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.56% of the company's stock.

Sally Beauty Company 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.