Nuveen LLC Makes New Investment in Sally Beauty Holdings, Inc. $SBH

Key Points

• Nuveen LLC purchased 952,342 shares of Sally Beauty Holdings, Inc. (NYSE: SBH), valued at approximately $8.6 million, during the first quarter, representing about 0.93% of the company's shares.
• Canaccord Genuity Group raised their price target on Sally Beauty from $14.00 to $15.00 with a "buy" rating, while the consensus rating remains a "hold" with a price target of $12.88.
• Sally Beauty reported $0.51 EPS for the last quarter, exceeding analyst estimates, despite a 1.0% decline in quarterly revenue year-over-year.

Nuveen LLC acquired a new stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 952,342 shares of the specialty retailer's stock, valued at approximately $8,600,000. Nuveen LLC owned about 0.93% of Sally Beauty as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC lifted its position in shares of Sally Beauty by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer's stock valued at $31,000 after acquiring an additional 1,735 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Sally Beauty by 536.4% during the 1st quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer's stock valued at $35,000 after acquiring an additional 3,304 shares during the last quarter. GAMMA Investing LLC lifted its position 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 valued at $43,000 after acquiring an additional 4,200 shares during the last quarter. CWM LLC lifted its position in shares of Sally Beauty by 123.7% during 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 during the last quarter. Finally, Quarry LP lifted its position in shares of Sally Beauty by 302.2% during the 4th quarter. Quarry LP now owns 11,986 shares of the specialty retailer's stock valued at $125,000 after acquiring an additional 9,006 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wall Street Zen downgraded shares of Sally Beauty from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Canaccord Genuity Group boosted their target price 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. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Sally Beauty presently has an average rating of "Hold" and an average target price of $12.88.

Insider Transactions at Sally Beauty

In other news, Director Diana Sue Ferguson bought 2,500 shares of Sally Beauty stock in a transaction on Thursday, August 7th. The stock was acquired at an average cost 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 of the company's stock, valued at $95,102.24. This trade represents a 46.19% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Denise Paulonis bought 4,500 shares of Sally Beauty stock in a transaction on Friday, August 8th. The stock was purchased at an average price of $11.74 per share, with a total value of $52,830.00. Following the completion of the acquisition, the chief executive officer directly owned 366,865 shares of the company's stock, valued at $4,306,995.10. This represents a 1.24% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.56% of the company's stock.

Sally Beauty Stock Up 3.2%

Shares of SBH stock traded up $0.43 on Friday, hitting $13.85. The stock had a trading volume of 3,179,305 shares, compared to its average volume of 2,223,068. The company has a quick ratio of 0.49, a current ratio of 2.41 and a debt-to-equity ratio of 1.16. The business has a 50 day moving average price of $11.00 and a 200 day moving average price of $9.52. The company has a market cap of $1.37 billion, a PE ratio of 7.45 and a beta of 1.30. Sally Beauty Holdings, Inc. has a one year low of $7.54 and a one year high of $14.79.

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