Sally Beauty Holdings, Inc. $SBH Shares Sold by PharVision Advisers LLC

Key Points

• PharVision Advisers LLC significantly reduced its stake in Sally Beauty Holdings, Inc. by 42.9%, now owning 28,603 shares valued at approximately $258,000.
• Contrastingly, Invenomic Capital Management LP increased its investment in Sally Beauty by 160.3%, now holding over 1.8 million shares worth $17.06 million.
• Analysts have mixed views on Sally Beauty, with two recommending a "buy," two a "hold," and one a "sell," as the stock received target price enhancements from firms like TD Cowen, who raised their target from $13.00 to $16.00.

PharVision Advisers LLC cut its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 42.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,603 shares of the specialty retailer's stock after selling 21,463 shares during the period. PharVision Advisers LLC's holdings in Sally Beauty were worth $258,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC increased its position 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 valued at $31,000 after acquiring an additional 1,735 shares during the last quarter. Parallel Advisors LLC increased its position 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 valued at $35,000 after acquiring an additional 3,304 shares during the last quarter. GAMMA Investing LLC increased its position 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 valued at $43,000 after acquiring an additional 4,200 shares during the last quarter. CWM LLC increased its position 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 valued at $81,000 after acquiring an additional 4,948 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in shares of Sally Beauty in the first quarter valued at approximately $100,000.

Analyst Ratings Changes

A number of research analysts recently weighed in on SBH shares. 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 report on Wednesday, August 6th. Zacks Research upgraded shares of Sally Beauty from a "hold" rating to a "strong-buy" rating in a report on Friday, September 5th. Cowen restated a "buy" rating on shares of Sally Beauty in a report on Thursday, September 4th. 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 report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $12.88.

Insider Transactions at Sally Beauty

In related news, 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 purchase, the director directly owned 3,500 shares in the company, valued at $49,245. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Denise Paulonis acquired 4,500 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was acquired 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 owned 366,865 shares in the company, valued at $4,306,995.10. The trade was a 1.24% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 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 Stock Performance

SBH stock traded up $0.01 on Wednesday, hitting $14.65. The company's stock had a trading volume of 2,807,751 shares, compared to its average volume of 2,149,595. The firm has a 50 day moving average of $11.73 and a two-hundred day moving average of $9.77. Sally Beauty Holdings, Inc. has a 1 year low of $7.54 and a 1 year high of $14.79. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 7.87 and a beta of 1.38. 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 (NYSE:SBH - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The specialty retailer reported $0.51 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $928.78 million. During the same quarter in the prior year, the firm earned $0.45 EPS. Sally Beauty's revenue for the quarter was down 1.0% on a year-over-year basis. Sally Beauty has set its FY 2025 guidance at EPS. Equities analysts predict that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

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.