Jump Financial LLC Has $939,000 Stake in Sally Beauty Holdings, Inc. $SBH

Key Points

• Jump Financial LLC has reduced its stake in Sally Beauty Holdings by 29.2% during the first quarter, owning 103,945 shares valued at approximately $939,000.
• CEO Denise Paulonis and Director Diana Sue Ferguson made recent insider purchases, increasing their holdings in the company.
• Analysts have mixed views on Sally Beauty's stock, with Canaccord Genuity raising its target price to $15.00 and Wall Street Zen downgrading it from "buy" to "hold."

Jump Financial LLC reduced its position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 29.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,945 shares of the specialty retailer's stock after selling 42,973 shares during the quarter. Jump Financial LLC owned about 0.10% of Sally Beauty worth $939,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SBH. Dimensional Fund Advisors LP grew its holdings in shares of Sally Beauty by 12.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,049,732 shares of the specialty retailer's stock valued at $42,316,000 after purchasing an additional 459,972 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of Sally Beauty by 7.0% during the 4th quarter. MetLife Investment Management LLC now owns 62,906 shares of the specialty retailer's stock valued at $657,000 after purchasing an additional 4,096 shares during the last quarter. State of Tennessee Department of Treasury grew its holdings in shares of Sally Beauty by 40.2% during the 4th quarter. State of Tennessee Department of Treasury now owns 68,687 shares of the specialty retailer's stock valued at $718,000 after purchasing an additional 19,695 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Sally Beauty by 7.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 79,860 shares of the specialty retailer's stock valued at $835,000 after purchasing an additional 5,700 shares during the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of Sally Beauty by 20.9% during the 4th quarter. Voya Investment Management LLC now owns 40,674 shares of the specialty retailer's stock valued at $425,000 after purchasing an additional 7,022 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages recently issued reports on SBH. Wall Street Zen lowered 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 target on shares of Sally Beauty from $14.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $12.88.

Insider Buying and Selling

In other news, CEO Denise Paulonis purchased 4,500 shares of the company's stock in a transaction dated Friday, August 8th. The shares were purchased at an average price of $11.74 per share, for a total transaction of $52,830.00. Following the transaction, the chief executive officer owned 366,865 shares of the company's stock, valued at approximately $4,306,995.10. This trade represents a 1.24% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Diana Sue Ferguson purchased 2,500 shares of the company's stock in a transaction dated Thursday, August 7th. The stock was purchased at an average price of $12.02 per share, for a total transaction of $30,050.00. Following the transaction, the director directly owned 7,912 shares in the company, valued at approximately $95,102.24. This trade represents a 46.19% 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 Trading Down 1.4%

NYSE:SBH traded down $0.20 during mid-day trading on Wednesday, hitting $14.21. 1,274,304 shares of the company's stock were exchanged, compared to its average volume of 2,133,541. The company has a 50 day simple moving average of $11.21 and a 200-day simple moving average of $9.59. The company has a current ratio of 2.41, a quick ratio of 0.49 and a debt-to-equity ratio of 1.16. Sally Beauty Holdings, Inc. has a fifty-two week low of $7.54 and a fifty-two week high of $14.79. The firm has a market capitalization of $1.41 billion, a P/E ratio of 7.63 and a beta of 1.38.

Sally Beauty (NYSE:SBH - Get Free Report) last posted its earnings results on Tuesday, August 5th. The specialty retailer reported $0.51 EPS for the quarter, topping the consensus estimate of $0.42 by $0.09. The business had revenue of $933.31 million for the quarter, compared to the consensus estimate of $928.78 million. Sally Beauty had a net margin of 5.26% and a return on equity of 28.11%. The firm's revenue was down 1.0% compared to the same quarter last year. During the same period last year, the company earned $0.45 EPS. Sally Beauty has set its FY 2025 guidance at EPS. As a group, research analysts expect that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.

Sally Beauty 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.