Freestone Grove Partners LP Takes $871,000 Position in Sally Beauty Holdings, Inc. $SBH

Key Points

• Freestone Grove Partners acquired 61,570 shares of Sally Beauty Holdings valued at approximately $871,000, representing a 0.07% stake. Several other institutional investors also initiated or increased positions.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $17.40; ratings range from “Buy” to “Sell.”
• Sally Beauty reported quarterly EPS of $0.55, beating estimates of $0.53, while revenue rose 0.3% year over year to $935.49 million. Separately, the CFO sold 42,771 shares, reducing her position by 23.64%.

Freestone Grove Partners LP purchased a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 61,570 shares of the specialty retailer's stock, valued at approximately $871,000. Freestone Grove Partners LP owned 0.07% of Sally Beauty as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of SBH. Osaic Holdings Inc. increased its holdings in Sally Beauty by 1,365.0% during the 2nd quarter. Osaic Holdings Inc. now owns 2,930 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 2,730 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Sally Beauty by 392.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,906 shares of the specialty retailer's stock worth $31,000 after buying an additional 1,519 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Sally Beauty in the 2nd quarter worth $34,000. iSAM Funds UK Ltd purchased a new stake in shares of Sally Beauty in the 3rd quarter worth $35,000. Finally, Intesa Sanpaolo Wealth Management bought a new position in shares of Sally Beauty during the 4th quarter worth $36,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Morgan Stanley cut their price target on Sally Beauty from $16.00 to $13.00 and set an "underweight" rating on the stock in a research note on Tuesday, May 12th. Weiss Ratings raised shares of Sally Beauty from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, July 28th. TD Cowen increased their target price on shares of Sally Beauty from $17.00 to $19.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. Finally, Wall Street Zen cut 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, Sally Beauty currently has a consensus rating of "Hold" and an average target price of $17.40.

Sally Beauty Stock Performance

Shares of NYSE:SBH opened at $16.62 on Friday. 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 Holdings, Inc. has a 52 week low of $11.54 and a 52 week high of $17.92. The company has a quick ratio of 0.57, a current ratio of 2.37 and a debt-to-equity ratio of 0.92. The firm has a 50 day moving average of $15.32 and a 200 day moving average of $14.49.

Sally Beauty (NYSE:SBH - Get Free Report) last announced its 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. 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 last year, the firm earned $0.51 EPS. The business's revenue for the quarter was up .3% on a year-over-year basis. Sally Beauty has set its FY 2026 guidance at 2.040-2.080 EPS. On average, sell-side analysts predict that Sally Beauty Holdings, Inc. will post 2.07 earnings per share for the current fiscal year.

Insider Activity at Sally Beauty

In related news, CFO Marlo Michelle Cormier Platz sold 42,771 shares of the company's stock in a transaction on Monday, June 8th. The stock was sold at an average price of $12.70, for a total transaction of $543,191.70. Following the completion of the sale, the chief financial officer directly owned 138,145 shares in the company, valued at $1,754,441.50. This represents a 23.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.00% of the company's stock.

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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