Kapitalo Investimentos Ltda Acquires New Holdings in Sally Beauty Holdings, Inc. $SBH

Key Points

• Kapitalo Investimentos Ltda acquired a new position in Sally Beauty Holdings, Inc. worth approximately $254,000 by buying 27,379 shares in the second quarter.
• Sally Beauty reported quarterly earnings of $0.51 EPS, exceeding estimates, despite a 1.0% year-over-year revenue decline.
• Insider transactions show CEO Denise Paulonis and Director Diana Sue Ferguson have recently increased their stakes in the company, indicating confidence in its performance.

Kapitalo Investimentos Ltda 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 Form 13F filing with the SEC. The firm bought 27,379 shares of the specialty retailer's stock, valued at approximately $254,000.

A number of other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC lifted its position in shares of Sally Beauty by 100.0% in 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 in the last quarter. Parallel Advisors LLC lifted its position in Sally Beauty by 536.4% during the 1st quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer's stock worth $35,000 after buying an additional 3,304 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Sally Beauty by 820.3% during the 1st quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer's stock worth $43,000 after buying an additional 4,200 shares during the last quarter. CWM LLC grew its holdings in shares of Sally Beauty by 123.7% in the 1st quarter. CWM LLC now owns 8,949 shares of the specialty retailer's stock valued at $81,000 after acquiring an additional 4,948 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Sally Beauty in the first quarter valued at about $100,000.

Sally Beauty Stock Performance

Shares of SBH traded down $0.44 during mid-day trading on Monday, hitting $15.07. 2,391,817 shares of the company's stock were exchanged, compared to its average volume of 2,534,756. The company has a quick ratio of 0.49, a current ratio of 2.41 and a debt-to-equity ratio of 1.16. Sally Beauty Holdings, Inc. has a 52 week low of $7.54 and a 52 week high of $15.92. The stock's 50-day simple moving average is $12.67 and its 200-day simple moving average is $10.16. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 8.10 and a beta of 1.38.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Wall Street Zen downgraded Sally Beauty from a "buy" rating to a "hold" rating in a research note on Sunday. Cowen restated a "buy" rating on shares of Sally Beauty in a report on Thursday, September 4th. Zacks Research upgraded shares of Sally Beauty from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 5th. Canaccord Genuity Group lifted their price objective on shares of Sally Beauty from $15.00 to $19.00 and gave the company a "buy" rating in a research report on Monday, September 15th. Finally, TD Cowen raised their target price on shares of Sally Beauty from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Sally Beauty has an average rating of "Moderate Buy" and an average target price of $13.88.

Insider Buying and Selling at Sally Beauty

In other Sally Beauty news, CEO Denise Paulonis bought 4,500 shares of the business's stock in a transaction on Friday, August 8th. The stock was purchased at an average cost of $11.74 per share, for a total transaction of $52,830.00. Following the completion of the purchase, the chief executive officer directly 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 acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Max R. Rangel purchased 3,500 shares of the stock in a transaction dated Thursday, September 4th. The shares were acquired at an average cost of $14.07 per share, with a total value of $49,245.00. Following the acquisition, the director directly owned 3,500 shares in the company, valued at $49,245. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 10,500 shares of company stock valued at $132,125 in the last ninety days. 1.56% of the stock is currently owned by company insiders.

Sally Beauty Company 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.