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. grew its position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 10.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,868,855 shares of the specialty retailer's stock after buying an additional 263,269 shares during the quarter. Charles Schwab Investment Management Inc. owned 2.81% of Sally Beauty worth $25,906,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC grew its stake in shares of Sally Beauty by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer's stock valued at $31,000 after buying an additional 1,735 shares in the last quarter. Parallel Advisors LLC grew its stake in Sally Beauty by 536.4% during the 1st quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 3,304 shares in the last quarter. GAMMA Investing LLC grew its stake in Sally Beauty by 820.3% during the 1st quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer's stock worth $43,000 after purchasing an additional 4,200 shares in the last quarter. CWM LLC grew its stake in Sally Beauty by 123.7% during the 1st quarter. CWM LLC now owns 8,949 shares of the specialty retailer's stock worth $81,000 after purchasing an additional 4,948 shares in the last quarter. Finally, Quarry LP grew its stake in Sally Beauty by 302.2% during the 4th quarter. Quarry LP now owns 11,986 shares of the specialty retailer's stock worth $125,000 after purchasing an additional 9,006 shares in the last quarter.

Sally Beauty Stock Performance

Shares of Sally Beauty stock traded up $0.12 on Tuesday, hitting $13.63. The stock had a trading volume of 2,632,379 shares, compared to its average volume of 1,948,216. Sally Beauty Holdings, Inc. has a 52-week low of $7.54 and a 52-week 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 stock has a market cap of $1.35 billion, a price-to-earnings ratio of 7.33 and a beta of 1.30. The company's 50 day moving average price is $10.69 and its 200 day moving average price is $9.44.

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 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 during the quarter, compared to the consensus estimate of $928.78 million. During the same period in the previous year, the business earned $0.45 EPS. The business's quarterly revenue was down 1.0% on a year-over-year basis. Sally Beauty has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on SBH. Canaccord Genuity Group boosted their target price on Sally Beauty from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Wall Street Zen cut Sally Beauty from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $12.88.

Insider Activity

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