PharVision Advisers LLC Has $258,000 Position in Sally Beauty Holdings, Inc. $SBH

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 lessened its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 42.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Sally Beauty by 3.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,595 shares of the specialty retailer's stock valued at $547,000 after purchasing an additional 2,026 shares during the last quarter. Invenomic Capital Management LP grew its holdings in Sally Beauty by 160.3% during the first quarter. Invenomic Capital Management LP now owns 1,889,310 shares of the specialty retailer's stock valued at $17,060,000 after purchasing an additional 1,163,619 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in Sally Beauty by 14.1% during the first quarter. Bridgeway Capital Management LLC now owns 1,125,344 shares of the specialty retailer's stock valued at $10,162,000 after purchasing an additional 139,046 shares during the last quarter. AQR Capital Management LLC grew its holdings in Sally Beauty by 53.7% during the first quarter. AQR Capital Management LLC now owns 476,966 shares of the specialty retailer's stock valued at $4,188,000 after purchasing an additional 166,637 shares during the last quarter. Finally, Amundi grew its holdings in Sally Beauty by 35.6% during the first quarter. Amundi now owns 322,393 shares of the specialty retailer's stock valued at $2,682,000 after purchasing an additional 84,693 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have commented on the company. Cowen reiterated a "buy" rating on shares of Sally Beauty in a report on Thursday, September 4th. TD Cowen increased their price target on Sally Beauty from $13.00 to $16.00 and gave the company a "buy" rating in a report on Thursday, September 4th. Zacks Research raised Sally Beauty from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 5th. Wall Street Zen cut Sally Beauty from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Canaccord Genuity Group increased their price objective on Sally Beauty from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $12.88.

Insider Buying and Selling

In other news, Director Diana Sue Ferguson bought 2,500 shares of Sally Beauty stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average cost of $12.02 per share, with a total value of $30,050.00. Following the completion of the transaction, the director directly owned 7,912 shares in the company, valued at $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 accessible through this hyperlink. Also, CEO Denise Paulonis bought 4,500 shares of Sally Beauty stock in a transaction that occurred on Friday, August 8th. The stock was purchased at an average cost of $11.74 per share, with a total value of $52,830.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 10,500 shares of company stock valued at $132,125 over the last ninety days. 1.56% of the stock is owned by company insiders.

Sally Beauty Stock Performance

Shares of SBH traded down $0.26 during mid-day trading on Friday, hitting $15.00. The company's stock had a trading volume of 651,432 shares, compared to its average volume of 2,139,790. The firm has a market capitalization of $1.48 billion, a PE ratio of 8.06 and a beta of 1.38. Sally Beauty Holdings, Inc. has a one year low of $7.54 and a one year high of $15.31. The stock's 50-day moving average is $11.92 and its two-hundred day moving average is $9.85. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.49 and a current ratio of 2.41.

Sally Beauty (NYSE:SBH - Get Free Report) last issued 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 firm had revenue of $933.31 million during the quarter, compared to analysts' expectations of $928.78 million. Sally Beauty had a return on equity of 28.11% and a net margin of 5.26%.Sally Beauty's quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the business earned $0.45 earnings per share. Sally Beauty has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

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.