Invenomic Capital Management LP Acquires 1,163,619 Shares of Sally Beauty Holdings, Inc. $SBH

Key Points

• Invenomic Capital Management LP significantly increased its stake in Sally Beauty by 160.3%, acquiring an additional 1,163,619 shares, bringing its total ownership to approximately 1.85% of the company valued at $17 million.
• Sally Beauty's stock opened at $14.12, with a 52-week range between $7.54 and $14.79, and reported earnings of $0.51 per share—exceeding estimates of $0.42.
• Insider purchases were noted, including those by Director Diana Sue Ferguson and CEO Denise Paulonis, indicating confidence in the company's future performance.

Invenomic Capital Management LP raised its stake in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 160.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,889,310 shares of the specialty retailer's stock after acquiring an additional 1,163,619 shares during the quarter. Invenomic Capital Management LP owned about 1.85% of Sally Beauty worth $17,060,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Golden State Wealth Management LLC increased its holdings in shares of Sally Beauty by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer's stock worth $31,000 after purchasing an additional 1,735 shares during the period. Parallel Advisors LLC increased its holdings in shares of Sally Beauty by 536.4% during the first 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 during the period. GAMMA Investing LLC increased its holdings in shares of Sally Beauty by 820.3% during the first 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 during the period. CWM LLC increased its holdings in shares of Sally Beauty by 123.7% during the first quarter. CWM LLC now owns 8,949 shares of the specialty retailer's stock worth $81,000 after purchasing an additional 4,948 shares during the period. Finally, EP Wealth Advisors LLC bought a new position in shares of Sally Beauty during the first quarter worth approximately $100,000.

Sally Beauty Stock Performance

Shares of Sally Beauty stock opened at $14.12 on Friday. 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 current ratio of 2.41 and a quick ratio of 0.49. The firm has a market capitalization of $1.40 billion, a P/E ratio of 7.59 and a beta of 1.38. The company's 50 day moving average price is $11.42 and its two-hundred day moving average price is $9.66.

Sally Beauty (NYSE:SBH - Get Free Report) last issued its earnings results on Tuesday, August 5th. The specialty retailer reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.09. Sally Beauty had a net margin of 5.26% and a return on equity of 28.11%. The firm had revenue of $933.31 million for the quarter, compared to analyst estimates of $928.78 million. During the same quarter last year, the business posted $0.45 earnings per share. The company'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, equities analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SBH. Wall Street Zen cut shares of Sally Beauty from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Canaccord Genuity Group lifted their price objective on shares of Sally Beauty from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Finally, TD Cowen lifted their price objective on shares of Sally Beauty from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $12.88.

Insiders Place Their Bets

In other Sally Beauty news, Director Diana Sue Ferguson purchased 2,500 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were bought at an average price of $12.02 per share, for a total transaction of $30,050.00. Following the completion of the acquisition, the director owned 7,912 shares in the company, valued at approximately $95,102.24. This trade represents a 46.19% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Denise Paulonis purchased 4,500 shares of the business's stock in a transaction dated Friday, August 8th. The shares were acquired at an average price of $11.74 per share, for a total transaction of $52,830.00. Following the acquisition, the chief executive officer owned 366,865 shares of the company's stock, valued at $4,306,995.10. This trade represents 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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.