Deutsche Bank AG Invests $1.44 Million in Sally Beauty Holdings, Inc. $SBH

Key Points

• Deutsche Bank acquired 101,807 shares of Sally Beauty Holdings during the second quarter, valued at approximately $1.44 million and representing about 0.11% of the company.
• Analyst sentiment remains mixed: TD Cowen raised its price target to $19 with a Buy rating, while Morgan Stanley cut its target to $13 and maintained Underweight. Overall, analysts rate the stock Hold with an average price target of $17.40.
• Sally Beauty reported quarterly EPS of $0.55, exceeding expectations of $0.53, while revenue reached $935.49 million. The CFO subsequently sold 42,771 shares at an average price of $12.70.

Deutsche Bank AG acquired a new position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 101,807 shares of the specialty retailer's stock, valued at approximately $1,440,000. Deutsche Bank AG owned about 0.11% of Sally Beauty at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Osaic Holdings Inc. grew its position in Sally Beauty by 1,365.0% during the second quarter. Osaic Holdings Inc. now owns 2,930 shares of the specialty retailer's stock valued at $27,000 after buying an additional 2,730 shares during the period. Larson Financial Group LLC grew its position in shares of Sally Beauty by 392.5% during the 3rd quarter. Larson Financial Group LLC now owns 1,906 shares of the specialty retailer's stock valued at $31,000 after acquiring an additional 1,519 shares during the period. Raymond James Financial Inc. bought a new position in shares of Sally Beauty during the 2nd quarter valued at approximately $34,000. iSAM Funds UK Ltd purchased a new stake in shares of Sally Beauty during the 3rd quarter worth approximately $35,000. Finally, Intesa Sanpaolo Wealth Management bought a new stake in shares of Sally Beauty in the 4th quarter worth approximately $36,000.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SBH. TD Cowen increased their price objective on Sally Beauty from $17.00 to $19.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. Morgan Stanley dropped their price target on Sally Beauty from $16.00 to $13.00 and set an "underweight" rating on the stock in a research report on Tuesday, May 12th. Weiss Ratings raised Sally Beauty from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, July 28th. Finally, Wall Street Zen downgraded shares of Sally Beauty from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $17.40.

Insider Buying and Selling

In related news, CFO Marlo Michelle Cormier Platz sold 42,771 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 138,145 shares of the company's stock, valued at approximately $1,754,441.50. The trade was a 23.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.00% of the company's stock.

Sally Beauty Price Performance

Sally Beauty stock opened at $16.62 on Friday. The firm has a market capitalization of $1.56 billion, a P/E ratio of 8.66 and a beta of 1.03. Sally Beauty Holdings, Inc. has a one year low of $11.54 and a one 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 has a fifty day moving average price of $15.32 and a 200-day moving average price of $14.49.

Sally Beauty (NYSE:SBH - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The specialty retailer reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.02. Sally Beauty had a return on equity of 24.36% and a net margin of 5.16%.The business had revenue of $935.49 million for the quarter, compared to analysts' expectations of $938.45 million. During the same quarter in the prior year, the firm posted $0.51 EPS. The firm's quarterly revenue was up .3% on a year-over-year basis. Sally Beauty has set its FY 2026 guidance at 2.040-2.080 EPS. As a group, equities research analysts forecast that Sally Beauty Holdings, Inc. will post 2.07 EPS for the current year.

Sally Beauty 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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