Quantbot Technologies LP Acquires Shares of 98,209 Sally Beauty Holdings, Inc. $SBH

Key Points

• Quantbot Technologies LP has acquired a new stake in Sally Beauty Holdings, purchasing 98,209 shares valued at approximately $887,000, representing 0.10% ownership.
• Several large investors also increased their stakes in Sally Beauty during the first quarter, including an increase of 74.2% by Ranmore Fund Management Ltd.
• Sally Beauty recently reported earnings of $0.51 per share, exceeding analysts' estimates, but its revenue showed a year-over-year decline of 1.0%.

Quantbot Technologies LP purchased a new stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 98,209 shares of the specialty retailer's stock, valued at approximately $887,000. Quantbot Technologies LP owned 0.10% of Sally Beauty at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC lifted its holdings 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 buying an additional 1,735 shares during the period. Parallel Advisors LLC increased its stake in shares of Sally Beauty by 536.4% in the 1st 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 in the last quarter. GAMMA Investing LLC increased its stake in shares of Sally Beauty by 820.3% in the 1st 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 in the last quarter. CWM LLC increased its stake in shares of Sally Beauty by 123.7% in 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 in the last quarter. Finally, Quarry LP increased its stake in shares of Sally Beauty by 302.2% in the 4th quarter. Quarry LP now owns 11,986 shares of the specialty retailer's stock worth $125,000 after purchasing an additional 9,006 shares in the last quarter.

Insiders Place Their Bets

In related news, Director Diana Sue Ferguson acquired 2,500 shares of the company's stock in a transaction on Thursday, August 7th. The stock was acquired at an average price of $12.02 per share, with a total value of $30,050.00. Following the acquisition, the director directly owned 7,912 shares of the company's stock, valued at approximately $95,102.24. This trade represents a 46.19% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Denise Paulonis acquired 4,500 shares of the company's stock in a transaction on Friday, August 8th. The shares were bought at an average cost 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 in the company, valued at approximately $4,306,995.10. The trade was a 1.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.56% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on SBH. Canaccord Genuity Group upped their price objective on Sally Beauty from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Wall Street Zen lowered Sally Beauty from a "buy" rating to a "hold" rating in a research note 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $12.88.

Sally Beauty Price Performance

SBH stock traded up $0.43 during trading on Friday, reaching $13.85. The company's stock had a trading volume of 3,179,305 shares, compared to its average volume of 2,223,068. Sally Beauty Holdings, Inc. has a 1 year low of $7.54 and a 1 year high of $14.79. 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 company has a market capitalization of $1.37 billion, a P/E ratio of 7.45 and a beta of 1.30. The company's fifty day moving average is $11.00 and its 200-day moving average is $9.53.

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, topping analysts' consensus estimates of $0.42 by $0.09. Sally Beauty had a return on equity of 28.11% and a net margin of 5.26%.The business had revenue of $933.31 million during the quarter, compared to analyst estimates of $928.78 million. During the same quarter in the prior year, the business posted $0.45 EPS. Sally Beauty's revenue for the quarter was down 1.0% compared to the same quarter last year. Sally Beauty has set its FY 2025 guidance at EPS. On average, research analysts expect that Sally Beauty Holdings, Inc. will post 1.81 earnings per share 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.