Bridgeway Capital Management LLC Purchases 139,046 Shares of Sally Beauty Holdings, Inc. $SBH

Key Points

• Bridgeway Capital Management LLC increased its holdings in Sally Beauty Holdings, Inc. by 14.1%, acquiring an additional 139,046 shares to own approximately 1.10% of the company worth $10.16 million.
• Sally Beauty's stock saw a 1.8% decline, with current trading at $14.14 and a market cap of $1.40 billion, while it reported quarterly earnings that beat expectations with an EPS of $0.51.
• In a show of confidence, insider purchases were made by both the Director and CEO, with shares bought at prices around $12.02 and $11.74, indicating an increase in their personal stakes in the company.

Bridgeway Capital Management LLC increased its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 14.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,125,344 shares of the specialty retailer's stock after acquiring an additional 139,046 shares during the quarter. Bridgeway Capital Management LLC owned about 1.10% of Sally Beauty worth $10,162,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SBH shares. Zacks Research raised Sally Beauty from a "hold" rating to a "strong-buy" rating in a research report on Friday. Wall Street Zen downgraded Sally Beauty from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Cowen reissued a "buy" rating on shares of Sally Beauty in a research report on Thursday, September 4th. Canaccord Genuity Group upped their target price 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, TD Cowen increased their price target on shares of Sally Beauty from $13.00 to $16.00 and gave the stock a "buy" rating in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.88.

Sally Beauty Stock Down 0.6%

Shares of NYSE:SBH traded down $0.09 during trading on Tuesday, reaching $14.60. 880,442 shares of the stock traded hands, compared to its average volume of 2,132,986. The stock has a market cap of $1.44 billion, a P/E ratio of 7.85 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. The stock has a 50-day moving average of $11.64 and a two-hundred day moving average of $9.74. 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 released its quarterly earnings data 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 business had revenue of $933.31 million for the quarter, compared to analysts' expectations of $928.78 million. During the same period in the prior year, the firm posted $0.45 EPS. The firm's quarterly revenue was down 1.0% on a year-over-year basis. Sally Beauty has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal 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 stock was acquired at an average price of $11.74 per share, with a total value of $52,830.00. Following the transaction, the chief executive officer owned 366,865 shares in the company, valued at $4,306,995.10. This represents a 1.24% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Diana Sue Ferguson purchased 2,500 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were bought at an average cost of $12.02 per share, for a total transaction of $30,050.00. Following the acquisition, the director 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. In the last 90 days, insiders acquired 10,500 shares of company stock valued at $132,125. 1.56% of the stock is owned by insiders.

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.