Sally Beauty Holdings, Inc. $SBH Shares Bought by Public Sector Pension Investment Board

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

Other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC raised its stake 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 during the last quarter. Parallel Advisors LLC raised its stake in shares of 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 purchasing an additional 3,304 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of 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 purchasing an additional 4,200 shares during the last quarter. CWM LLC raised its stake in shares of Sally Beauty by 123.7% in the first 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 stake in shares of Sally Beauty by 302.2% in the fourth quarter. Quarry LP now owns 11,986 shares of the specialty retailer's stock worth $125,000 after purchasing an additional 9,006 shares during the last quarter.

Sally Beauty Price Performance

SBH traded down $0.0820 during trading on Monday, hitting $13.4880. The company's stock had a trading volume of 1,336,410 shares, compared to its average volume of 1,966,443. 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 Holdings, Inc. has a twelve month low of $7.54 and a twelve month high of $14.79. The business's fifty day simple moving average is $10.59 and its 200 day simple moving average is $9.41. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 7.25 and a beta of 1.30.

Sally Beauty (NYSE:SBH - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The specialty retailer reported $0.51 EPS for the quarter, beating the consensus estimate of $0.42 by $0.09. The company 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%.Sally Beauty's quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. Sally Beauty has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on SBH. Canaccord Genuity Group lifted their price target on Sally Beauty from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Wall Street Zen cut Sally Beauty from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. 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 company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $12.88.

Insider Buying and Selling

In other news, CEO Denise Paulonis purchased 4,500 shares of the stock in a transaction dated Friday, August 8th. The shares were purchased at an average cost of $11.74 per share, with a total value 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. The trade was a 1.24% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Diana Sue Ferguson purchased 2,500 shares of the stock in a transaction dated Thursday, August 7th. The stock was purchased at an average cost of $12.02 per share, for a total transaction of $30,050.00. Following the completion of the purchase, the director directly owned 7,912 shares of the company's stock, valued at approximately $95,102.24. The trade was a 46.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.56% of the company's stock.

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.