Connor Clark & Lunn Investment Management Ltd. Acquires New Holdings in Sally Beauty Holdings, Inc. $SBH

Key Points

• Connor Clark & Lunn Investment Management acquired 122,168 Sally Beauty shares worth approximately $1.73 million, representing about 0.13% of the company. Several other institutional investors also increased their positions.
• Sally Beauty reported quarterly EPS of $0.55, beating estimates of $0.53, while revenue reached $935.49 million, slightly below expectations. The company maintained fiscal 2026 EPS guidance of $2.04–$2.08.
• SBH shares opened at $16.62, up 1.2%, with analysts holding a consensus “Hold” rating and an average price target of $17.40; insider ownership is 2%, following a CFO sale of 42,771 shares.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 122,168 shares of the specialty retailer's stock, valued at approximately $1,727,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.13% of Sally Beauty at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SBH. Royal Bank of Canada boosted its holdings in shares of Sally Beauty by 150,390.9% during the 1st quarter. Royal Bank of Canada now owns 33,108 shares of the specialty retailer's stock valued at $299,000 after acquiring an additional 33,086 shares in the last quarter. AQR Capital Management LLC increased its holdings in Sally Beauty by 53.7% in the 1st quarter. AQR Capital Management LLC now owns 476,966 shares of the specialty retailer's stock worth $4,188,000 after purchasing an additional 166,637 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Sally Beauty by 3.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,595 shares of the specialty retailer's stock worth $547,000 after purchasing an additional 2,026 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Sally Beauty by 10.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 324,906 shares of the specialty retailer's stock valued at $2,934,000 after purchasing an additional 31,040 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Sally Beauty by 11.5% during the second quarter. Hsbc Holdings PLC now owns 57,640 shares of the specialty retailer's stock worth $530,000 after purchasing an additional 5,956 shares during the last quarter.

Insider Buying and Selling at Sally Beauty

In related news, CFO Marlo Michelle Cormier Platz sold 42,771 shares of the business's stock in a transaction on Monday, June 8th. The shares were sold at an average price of $12.70, for a total transaction of $543,191.70. Following the transaction, the chief financial officer owned 138,145 shares in the company, valued at $1,754,441.50. The trade was a 23.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is owned by corporate insiders.

Sally Beauty Stock Up 1.2%

Shares of NYSE:SBH opened at $16.62 on Friday. Sally Beauty Holdings, Inc. has a 1 year low of $11.54 and a 1 year high of $17.92. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.37 and a quick ratio of 0.57. The business's 50-day moving average is $15.32 and its 200-day moving average is $14.49. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 8.66 and a beta of 1.03.

Sally Beauty (NYSE:SBH - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The specialty retailer reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. The firm had revenue of $935.49 million for the quarter, compared to analyst estimates of $938.45 million. Sally Beauty had a return on equity of 24.36% and a net margin of 5.16%.The company's revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 earnings per share. Sally Beauty has set its FY 2026 guidance at 2.040-2.080 EPS. Equities research analysts predict that Sally Beauty Holdings, Inc. will post 2.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SBH. Weiss Ratings raised Sally Beauty from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, July 28th. Wall Street Zen lowered shares of Sally Beauty from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. TD Cowen upped their price target on shares of Sally Beauty from $17.00 to $19.00 and gave the company a "buy" rating in a research report on Tuesday, August 4th. Finally, Morgan Stanley dropped their price target on shares of Sally Beauty from $16.00 to $13.00 and set an "underweight" rating for the company in a research note on Tuesday, May 12th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $17.40.

Sally Beauty Company Profile

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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