Bank of New York Mellon Corp Takes $9.35 Million Position in Sally Beauty Holdings, Inc. $SBH

Key Points

• Bank of New York Mellon purchased 661,006 Sally Beauty shares worth approximately $9.35 million, representing about 0.69% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $17.40; targets range from $13 to $19.
• Sally Beauty exceeded quarterly EPS expectations, reporting $0.55 versus the $0.53 consensus, while revenue reached $935.5 million and rose slightly year over year. Shares opened at $16.37, near the consensus target.

Bank of New York Mellon Corp purchased a new position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 661,006 shares of the specialty retailer's stock, valued at approximately $9,347,000. Bank of New York Mellon Corp owned approximately 0.69% of Sally Beauty at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mariner LLC raised its stake in shares of Sally Beauty by 6.1% in the 4th quarter. Mariner LLC now owns 15,400 shares of the specialty retailer's stock valued at $220,000 after purchasing an additional 890 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Sally Beauty by 0.6% during the fourth quarter. Russell Investments Group Ltd. now owns 183,249 shares of the specialty retailer's stock worth $2,613,000 after purchasing an additional 1,081 shares during the last quarter. Versant Capital Management Inc grew its stake in Sally Beauty by 27.2% in the second quarter. Versant Capital Management Inc now owns 5,096 shares of the specialty retailer's stock worth $72,000 after purchasing an additional 1,089 shares in the last quarter. CWM LLC grew its stake in Sally Beauty by 11.3% in the fourth quarter. CWM LLC now owns 14,693 shares of the specialty retailer's stock worth $210,000 after purchasing an additional 1,490 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in Sally Beauty by 392.5% in the third quarter. Larson Financial Group LLC now owns 1,906 shares of the specialty retailer's stock valued at $31,000 after buying an additional 1,519 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on SBH shares. Morgan Stanley cut their price objective on Sally Beauty from $16.00 to $13.00 and set an "underweight" rating on the stock in a research note on Tuesday, May 12th. TD Cowen lifted their target price on Sally Beauty from $17.00 to $19.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Wall Street Zen downgraded Sally Beauty from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Weiss Ratings upgraded Sally Beauty from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $17.40.

Sally Beauty Stock Up 0.0%

NYSE:SBH opened at $16.37 on Thursday. The firm has a market capitalization of $1.53 billion, a PE ratio of 8.53 and a beta of 1.05. The stock has a 50 day moving average of $15.49 and a 200-day moving average of $14.50. Sally Beauty Holdings, Inc. has a 52 week low of $11.54 and a 52 week high of $17.92. The company has a current ratio of 2.37, a quick ratio of 0.57 and a debt-to-equity ratio of 0.92.

Sally Beauty (NYSE:SBH - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The specialty retailer reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.02. Sally Beauty had a return on equity of 24.36% and a net margin of 5.16%.The business had revenue of $935.49 million for the quarter, compared to analysts' expectations of $938.45 million. During the same period in the prior year, the firm earned $0.51 EPS. The business's quarterly revenue was up .3% on a year-over-year basis. Sally Beauty has set its FY 2026 guidance at 2.040-2.080 EPS. Analysts predict that Sally Beauty Holdings, Inc. will post 2.07 EPS for the current year.

Insiders Place Their Bets

In other Sally Beauty news, CFO Marlo Michelle Cormier Platz sold 42,771 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $12.70, for a total value of $543,191.70. Following the sale, the chief financial officer directly owned 138,145 shares of the company's stock, valued at $1,754,441.50. This trade represents a 23.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is owned by corporate insiders.

Sally Beauty Profile

Sally Beauty Holdings, Inc is a leading global specialty retailer and distributor of professional beauty supplies, serving both retail customers and salon professionals. The company operates two primary channels: Sally Beauty Supply, which offers a broad assortment of hair color, hair care, styling, and skincare products; and Beauty Systems Group (BSG), which provides salon-quality products and supplies to professional stylists and salon owners. With a focus on catering to diverse customer needs, Sally Beauty offers well-known brands alongside private label lines, positioning itself as a one-stop source for beauty professionals and enthusiasts alike.

Founded in 1964 and headquartered in Denton, Texas, Sally Beauty has grown through a combination of organic expansion and strategic acquisitions.

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