Invesco Ltd. Grows Position in Sally Beauty Holdings, Inc. $SBH

Key Points

• Invesco Ltd. increased its stake in Sally Beauty Holdings, Inc. by 3.6%, now owning 1.44% of the company's shares, valued at approximately $13.27 million.
• Sally Beauty stock is currently trading at $13.59, with a 12-month high of $14.79 and a 50-day moving average of $10.49.
• The company reported quarterly earnings of $0.51 per share, exceeding expectations and indicating a 28.11% return on equity.

Invesco Ltd. boosted its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 3.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,469,926 shares of the specialty retailer's stock after purchasing an additional 51,461 shares during the period. Invesco Ltd. owned approximately 1.44% of Sally Beauty worth $13,273,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SBH. Golden State Wealth Management LLC grew its position in 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 worth $31,000 after purchasing an additional 1,735 shares during the last quarter. Parallel Advisors LLC grew its position in Sally Beauty by 536.4% during 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 during the last quarter. GAMMA Investing LLC lifted its stake in Sally Beauty by 820.3% during the 1st 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 period. CWM LLC lifted its stake in Sally Beauty by 123.7% during the 1st 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 period. Finally, Quarry LP lifted its stake in 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 acquiring an additional 9,006 shares during the period.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wall Street Zen cut shares of Sally Beauty from a "buy" rating to a "hold" rating in a research note 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 research note on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $12.88.

Sally Beauty Stock Performance

Shares of SBH traded down $0.69 during trading hours on Thursday, hitting $13.41. The stock had a trading volume of 4,529,697 shares, compared to its average volume of 2,072,908. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.49 and a current ratio of 2.41. The firm has a 50-day moving average price of $10.90 and a 200 day moving average price of $9.50. Sally Beauty Holdings, Inc. has a fifty-two week low of $7.54 and a fifty-two week high of $14.79. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 7.21 and a beta of 1.30.

Sally Beauty (NYSE:SBH - Get Free Report) last posted its 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 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 analysts' expectations of $928.78 million. During the same period in the previous year, the business posted $0.45 EPS. The business's revenue was down 1.0% compared to the same quarter last year. Sally Beauty has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

Insider Buying and Selling at Sally Beauty

In related news, CEO Denise Paulonis purchased 4,500 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was bought at an average price of $11.74 per share, with a total value of $52,830.00. Following the acquisition, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Diana Sue Ferguson purchased 2,500 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The stock was bought at an average cost of $12.02 per share, with a total value of $30,050.00. Following the acquisition, 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 currently owned by insiders.

Sally Beauty 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.