Charles Schwab Investment Management Inc. Boosts Stock Position in Sally Beauty Holdings, Inc. $SBH

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Sally Beauty Holdings, Inc. by 10.1%, owning a total of 2,868,855 shares worth approximately $25.9 million.
• Several institutional investors, including Millennium Management and Barclays PLC, significantly boosted their stakes in Sally Beauty, indicating strong institutional confidence in the company.
• Sally Beauty recently reported an EPS of $0.51 for the quarter, surpassing analysts' expectations of $0.42, despite a 1.0% decline in revenue compared to the previous year.

Charles Schwab Investment Management Inc. increased its stake in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 10.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,868,855 shares of the specialty retailer's stock after buying an additional 263,269 shares during the period. Charles Schwab Investment Management Inc. owned 2.81% of Sally Beauty worth $25,906,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SBH. Millennium Management LLC boosted its stake in Sally Beauty by 1,177.7% during the 4th quarter. Millennium Management LLC now owns 1,136,121 shares of the specialty retailer's stock valued at $11,872,000 after purchasing an additional 1,047,199 shares during the last quarter. Lightrock Netherlands B.V. boosted its stake in shares of Sally Beauty by 65.0% in 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 last quarter. Vanguard Group Inc. raised 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 during the period. Dimensional Fund Advisors LP raised its holdings in Sally Beauty by 12.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,049,732 shares of the specialty retailer's stock worth $42,316,000 after purchasing an additional 459,972 shares during the period. Finally, Barclays PLC raised its holdings in Sally Beauty by 214.3% in the 4th quarter. Barclays PLC now owns 666,751 shares of the specialty retailer's stock worth $6,967,000 after purchasing an additional 454,592 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Canaccord Genuity Group raised their price target on Sally Beauty from $14.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Wall Street Zen lowered Sally Beauty from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $12.88.

Sally Beauty Stock Performance

Sally Beauty stock opened at $13.1250 on Thursday. The company has a market capitalization of $1.30 billion, a PE ratio of 7.06 and a beta of 1.30. Sally Beauty Holdings, Inc. has a fifty-two week low of $7.54 and a fifty-two week high of $14.79. 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 company has a 50 day moving average price of $10.31 and a 200-day moving average price of $9.36.

Sally Beauty (NYSE:SBH - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The specialty retailer reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.09. The company had revenue of $933.31 million during the quarter, compared to the consensus estimate of $928.78 million. Sally Beauty had a net margin of 5.26% and a return on equity of 28.11%. Sally Beauty's revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Sally Beauty has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.

Insider Buying and Selling

In other Sally Beauty news, CEO Denise Paulonis acquired 4,500 shares of Sally Beauty stock in a transaction that occurred on Friday, August 8th. The stock was bought at an average price of $11.74 per share, with a total value of $52,830.00. Following the completion of the purchase, the chief executive officer directly owned 366,865 shares of the company's stock, valued at approximately $4,306,995.10. This represents a 1.24% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Diana Sue Ferguson purchased 2,500 shares of Sally Beauty stock in a transaction dated Thursday, August 7th. The shares were acquired at an average cost of $12.02 per share, for a total transaction of $30,050.00. Following the completion of the transaction, the director owned 7,912 shares of the company's stock, valued at approximately $95,102.24. This represents a 46.19% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.56% of the company's stock.

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.

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