Sally Beauty Holdings, Inc. $SBH Shares Purchased by Martingale Asset Management L P

Key Points

• Martingale Asset Management L P increased its stake in Sally Beauty Holdings by 134.6% during the first quarter, acquiring an additional 29,228 shares for a total value of approximately $460,000.
• Sally Beauty reported earnings of $0.51 per share for the latest quarter, exceeding analysts' estimates, despite a 1.0% year-over-year decline in revenue to $933.31 million.
• Insider transactions included CEO Denise Paulonis purchasing 4,500 shares at an average price of $11.74, increasing her stake in the company by 1.24%.

Martingale Asset Management L P raised its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 134.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,946 shares of the specialty retailer's stock after purchasing an additional 29,228 shares during the period. Martingale Asset Management L P's holdings in Sally Beauty were worth $460,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of SBH. Wells Fargo & Company MN lifted its holdings in shares of Sally Beauty by 17.0% in the fourth quarter. Wells Fargo & Company MN now owns 86,371 shares of the specialty retailer's stock valued at $903,000 after purchasing an additional 12,571 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Sally Beauty by 12.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,049,732 shares of the specialty retailer's stock worth $42,316,000 after purchasing an additional 459,972 shares during the last quarter. MetLife Investment Management LLC increased its position in Sally Beauty by 7.0% during the fourth quarter. MetLife Investment Management LLC now owns 62,906 shares of the specialty retailer's stock worth $657,000 after purchasing an additional 4,096 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Sally Beauty by 15.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 46,863 shares of the specialty retailer's stock worth $490,000 after purchasing an additional 6,329 shares during the last quarter. Finally, State of Tennessee Department of Treasury increased its position in Sally Beauty by 40.2% during the fourth quarter. State of Tennessee Department of Treasury now owns 68,687 shares of the specialty retailer's stock worth $718,000 after purchasing an additional 19,695 shares during the last quarter.

Analysts Set New Price Targets

SBH has been the subject of several research analyst reports. Canaccord Genuity Group upped their price target on shares of Sally Beauty from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Wall Street Zen lowered shares of 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 given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $12.88.

Sally Beauty Stock Up 3.2%

SBH traded up $0.43 during trading hours on Friday, reaching $13.85. 3,179,305 shares of the stock traded hands, compared to its average volume of 2,223,068. The firm's fifty day simple moving average is $11.00 and its two-hundred day simple moving average is $9.53. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 7.45 and a beta of 1.30. Sally Beauty Holdings, Inc. has a fifty-two week low of $7.54 and a fifty-two week high of $14.79. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.41 and a quick ratio of 0.49.

Sally Beauty (NYSE:SBH - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The specialty retailer reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.09. Sally Beauty had a net margin of 5.26% and a return on equity of 28.11%. The business had revenue of $933.31 million during the quarter, compared to analyst estimates of $928.78 million. During the same period last year, the business earned $0.45 EPS. The business's revenue was down 1.0% on a year-over-year basis. Sally Beauty has set its FY 2025 guidance at EPS. As a group, analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Sally Beauty news, Director Diana Sue Ferguson purchased 2,500 shares of Sally Beauty stock in a transaction dated Thursday, August 7th. The shares were bought at an average cost of $12.02 per share, for a total transaction of $30,050.00. Following 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Denise Paulonis acquired 4,500 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was purchased at an average price of $11.74 per share, for a total transaction of $52,830.00. Following the completion of the transaction, 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 disclosure for this purchase can be found here. Corporate insiders own 1.56% of the company's stock.

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.