Amundi Has $2.68 Million Stock Position in Sally Beauty Holdings, Inc. $SBH

Key Points

• Amundi increased its stake in Sally Beauty Holdings by 35.6%, acquiring an additional 84,693 shares, bringing its total holdings to 322,393 shares worth approximately $2.68 million.
• The stock of Sally Beauty rose by 4.3% recently, with a current market cap of $1.51 billion and a PE ratio of 8.20.
• Several hedge funds have notably increased their positions in Sally Beauty, including Royal Bank of Canada, which boosted its stake by over 150,000% in the first quarter.

Amundi grew its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 35.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 322,393 shares of the specialty retailer's stock after acquiring an additional 84,693 shares during the period. Amundi owned 0.32% of Sally Beauty worth $2,682,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted 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 buying an additional 546,267 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Sally Beauty by 9.3% during the 1st quarter. Victory Capital Management Inc. now owns 4,013,531 shares of the specialty retailer's stock worth $36,242,000 after buying an additional 342,225 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Sally Beauty by 10.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,868,855 shares of the specialty retailer's stock worth $25,906,000 after buying an additional 263,269 shares during the period. Jupiter Asset Management Ltd. boosted its holdings in shares of Sally Beauty by 9.4% during the 1st quarter. Jupiter Asset Management Ltd. now owns 1,876,396 shares of the specialty retailer's stock worth $16,944,000 after buying an additional 160,599 shares during the period. Finally, Lightrock Netherlands B.V. boosted its holdings in shares of Sally Beauty by 65.0% during the 1st quarter. Lightrock Netherlands B.V. now owns 1,479,307 shares of the specialty retailer's stock worth $13,380,000 after buying an additional 583,000 shares during the period.

Insider Activity

In other Sally Beauty news, Director Max R. Rangel acquired 3,500 shares of the company's stock in a transaction dated Thursday, September 4th. The stock was bought at an average price of $14.07 per share, for a total transaction of $49,245.00. Following the purchase, the director owned 3,500 shares in the company, valued at $49,245. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Denise Paulonis acquired 4,500 shares of the company's stock in a transaction dated Friday, August 8th. The stock was acquired at an average price of $11.74 per share, with a total value of $52,830.00. Following 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 position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 10,500 shares of company stock worth $132,125. 1.56% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. TD Cowen upped their price objective on shares of Sally Beauty from $13.00 to $16.00 and gave the stock 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. Cowen reissued a "buy" rating on shares of Sally Beauty in a report on Thursday, September 4th. Canaccord Genuity Group increased their price target 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. 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 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $12.88.

Sally Beauty Stock Performance

Sally Beauty stock traded down $0.28 during mid-day trading on Friday, reaching $14.98. The company had a trading volume of 2,580,883 shares, compared to its average volume of 2,227,952. The company has a quick ratio of 0.49, a current ratio of 2.41 and a debt-to-equity ratio of 1.16. Sally Beauty Holdings, Inc. has a 52 week low of $7.54 and a 52 week high of $15.31. The company has a 50 day moving average of $12.02 and a 200-day moving average of $9.89. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 8.05 and a beta of 1.38.

Sally Beauty (NYSE:SBH - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The specialty retailer reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.09. Sally Beauty had a net margin of 5.26% and a return on equity of 28.11%. The firm had revenue of $933.31 million during the quarter, compared to the consensus estimate of $928.78 million. During the same period in the prior year, the firm earned $0.45 EPS. 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, sell-side analysts expect that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

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.