Bronte Capital Management Pty Ltd. Sells 343,945 Shares of Sally Beauty Holdings, Inc. $SBH

Key Points

• Bronte Capital Management cut its stake in Sally Beauty by 31.8% in Q4, selling 343,945 shares and retaining 737,250 shares (about 0.76% of the company) valued at $10.513 million, making SBH its 18th largest holding.
• Analyst sentiment is mixed—three Buy, three Hold and one Sell—giving a consensus Hold rating and a consensus price target of $17.80.
• Sally Beauty beat quarterly EPS estimates ($0.48 vs. $0.47) and issued FY2026 guidance of $2.02–$2.10 EPS with Q2 guidance of $0.390–$0.420.

Bronte Capital Management Pty Ltd. trimmed its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 31.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 737,250 shares of the specialty retailer's stock after selling 343,945 shares during the period. Sally Beauty comprises about 1.1% of Bronte Capital Management Pty Ltd.'s holdings, making the stock its 18th largest position. Bronte Capital Management Pty Ltd. owned approximately 0.76% of Sally Beauty worth $10,513,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SBH. Royce & Associates LP lifted its position in shares of Sally Beauty by 8.3% during the third quarter. Royce & Associates LP now owns 13,217 shares of the specialty retailer's stock valued at $215,000 after purchasing an additional 1,017 shares in the last quarter. B. Metzler seel. Sohn & Co. AG lifted its position in shares of Sally Beauty by 1.7% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 89,257 shares of the specialty retailer's stock valued at $1,273,000 after purchasing an additional 1,477 shares in the last quarter. CWM LLC lifted its position in shares of Sally Beauty by 11.3% during the fourth quarter. CWM LLC now owns 14,693 shares of the specialty retailer's stock valued at $210,000 after purchasing an additional 1,490 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Sally Beauty by 0.5% during the third quarter. Rhumbline Advisers now owns 305,980 shares of the specialty retailer's stock valued at $4,981,000 after purchasing an additional 1,507 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of Sally Beauty by 392.5% during the third quarter. Larson Financial Group LLC now owns 1,906 shares of the specialty retailer's stock valued at $31,000 after purchasing an additional 1,519 shares in the last quarter.

Analyst Ratings Changes

SBH has been the topic of a number of recent analyst reports. Jefferies Financial Group reissued a "hold" rating and set a $16.00 price target on shares of Sally Beauty in a research report on Wednesday, January 14th. Wall Street Zen raised shares of Sally Beauty from a "hold" rating to a "buy" rating in a research report on Tuesday, March 10th. Canaccord Genuity Group raised their price target on shares of Sally Beauty from $19.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, February 10th. Morgan Stanley raised their price target on shares of Sally Beauty from $14.00 to $16.00 and gave the company an "underweight" rating in a research report on Tuesday, February 10th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Sally Beauty in a research report on Friday, January 9th. Three 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $17.80.

Sally Beauty Stock Performance

Shares of SBH stock opened at $13.75 on Wednesday. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 7.81 and a beta of 1.07. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.57 and a current ratio of 2.37. Sally Beauty Holdings, Inc. has a 52 week low of $7.89 and a 52 week high of $17.92. The firm's 50-day simple moving average is $14.45 and its two-hundred day simple moving average is $14.98.

Sally Beauty (NYSE:SBH - Get Free Report) last announced its quarterly earnings data on Monday, February 9th. The specialty retailer reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. The business had revenue of $943.17 million for the quarter, compared to analyst estimates of $939.63 million. Sally Beauty had a net margin of 4.87% and a return on equity of 26.07%. The company's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Sally Beauty has set its FY 2026 guidance at 2.020-2.100 EPS and its Q2 2026 guidance at 0.390-0.420 EPS. As a group, equities analysts forecast that Sally Beauty Holdings, Inc. will post 2.07 earnings per share for the current year.

About Sally Beauty

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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