Public Sector Pension Investment Board Has $2.92 Million Stock Position in Sally Beauty Holdings, Inc. $SBH

Key Points

• The Public Sector Pension Investment Board increased its stake in Sally Beauty Holdings, Inc. by 27.4%, buying an additional 69,534 shares to own a total of 323,318 shares.
• Research analysts provide mixed ratings for Sally Beauty, with two recommending a "buy," two a "hold," and one a "sell," leading to an average rating of "hold" and a consensus price target of $12.88.
• In recent transactions, insiders including Director Diana Sue Ferguson and CEO Denise Paulonis purchased shares at prices of $12.02 and $11.74 per share, respectively, signaling confidence in the company's prospects.

Public Sector Pension Investment Board grew its position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 27.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 323,318 shares of the specialty retailer's stock after purchasing an additional 69,534 shares during the period. Public Sector Pension Investment Board owned about 0.32% of Sally Beauty worth $2,920,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC increased its holdings in 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 buying an additional 1,735 shares during the last quarter. Parallel Advisors LLC grew its position in Sally Beauty by 536.4% in the first quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer's stock worth $35,000 after acquiring an additional 3,304 shares in the last quarter. GAMMA Investing LLC grew its position in Sally Beauty by 820.3% in the first quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer's stock worth $43,000 after acquiring an additional 4,200 shares in the last quarter. CWM LLC increased its stake 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 worth $81,000 after purchasing an additional 4,948 shares during the last quarter. Finally, Quarry LP raised its holdings 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 purchasing an additional 9,006 shares in the last quarter.

Sally Beauty Stock Performance

Shares of NYSE:SBH traded up $0.4090 on Friday, hitting $13.5890. 2,039,355 shares of the company were exchanged, compared to its average volume of 1,942,241. The company's 50 day moving average price is $10.49 and its two-hundred day moving average price is $9.40. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 7.31 and a beta of 1.30. 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 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 issued its quarterly earnings results on Tuesday, August 5th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.09. Sally Beauty had a return on equity of 28.11% and a net margin of 5.26%.The firm had revenue of $933.31 million for the quarter, compared to analyst estimates of $928.78 million. During the same period in the previous year, the company posted $0.45 earnings per share. The company's quarterly revenue was down 1.0% compared to the same quarter last year. Sally Beauty has set its FY 2025 guidance at EPS. Research analysts expect that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on SBH shares. Wall Street Zen cut Sally Beauty from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Canaccord Genuity Group raised their price objective on Sally Beauty from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Sally Beauty presently has a consensus rating of "Hold" and an average target price of $12.88.

Insiders Place Their Bets

In other Sally Beauty news, CEO Denise Paulonis purchased 4,500 shares of the stock in a transaction on Friday, August 8th. The shares were purchased at an average price of $11.74 per share, with a total value of $52,830.00. Following 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Diana Sue Ferguson bought 2,500 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were acquired at an average price of $12.02 per share, for a total transaction of $30,050.00. Following the completion of the transaction, the director owned 7,912 shares in the company, valued at $95,102.24. This represents a 46.19% increase in their position. The disclosure for this purchase can be found here. 1.56% of the stock is owned by insiders.

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.