Bridgeway Capital Management LLC Buys 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 raised its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 14.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,125,344 shares of the specialty retailer's stock after acquiring an additional 139,046 shares during the period. Bridgeway Capital Management LLC owned approximately 1.10% of Sally Beauty worth $10,162,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SBH. SG Americas Securities LLC purchased a new position in shares of Sally Beauty during the 1st quarter valued at about $309,000. Vanguard Group Inc. lifted its holdings in Sally Beauty by 4.4% in 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. GAMMA Investing LLC lifted its holdings in Sally Beauty by 8,210.4% in the 1st quarter. GAMMA Investing LLC now owns 42,549 shares of the specialty retailer's stock worth $384,000 after purchasing an additional 42,037 shares in the last quarter. Millennium Management LLC lifted its holdings in Sally Beauty by 1,177.7% in the 4th quarter. Millennium Management LLC now owns 1,136,121 shares of the specialty retailer's stock worth $11,872,000 after purchasing an additional 1,047,199 shares in the last quarter. Finally, CenterBook Partners LP lifted its holdings in Sally Beauty by 359.3% in the 1st quarter. CenterBook Partners LP now owns 961,230 shares of the specialty retailer's stock worth $8,680,000 after purchasing an additional 751,943 shares in the last quarter.

Analyst Upgrades and Downgrades

SBH has been the topic of a number of research analyst reports. Canaccord Genuity Group boosted their price target on Sally Beauty from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. TD Cowen boosted their price target on Sally Beauty from $13.00 to $16.00 and gave the stock a "buy" rating in a report on Thursday. Wall Street Zen cut Sally Beauty from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Cowen reissued a "buy" rating on shares of Sally Beauty in a report on Thursday. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Sally Beauty presently has an average rating of "Hold" and a consensus price target of $12.88.

Sally Beauty Price Performance

Shares of SBH stock traded up $0.13 on Monday, reaching $14.64. The company's stock had a trading volume of 1,850,353 shares, compared to its average volume of 2,140,675. The stock's fifty day simple moving average is $11.53 and its 200-day simple moving average is $9.70. Sally Beauty Holdings, Inc. has a 1 year low of $7.54 and a 1 year high of $14.79. The company has a current ratio of 2.41, a quick ratio of 0.49 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 7.87 and a beta of 1.38.

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 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 analyst estimates of $928.78 million. During the same period last year, the firm posted $0.45 earnings per share. Sally Beauty's revenue for the quarter was down 1.0% compared to the same quarter last year. Sally Beauty has set its FY 2025 guidance at EPS. Analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Diana Sue Ferguson bought 2,500 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were purchased at an average price of $12.02 per share, with a total value of $30,050.00. Following the transaction, the director owned 7,912 shares in the company, valued at $95,102.24. This trade represents a 46.19% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Max R. Rangel bought 3,500 shares of the business's stock in a transaction dated Thursday, September 4th. The shares were bought at an average cost of $14.07 per share, for a total transaction of $49,245.00. Following the transaction, the director owned 3,500 shares in the company, valued at approximately $49,245. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 10,500 shares of company stock valued at $132,125. 1.56% of the stock is currently owned by insiders.

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.