Squarepoint Ops LLC Sells 402,918 Shares of Sally Beauty Holdings, Inc. $SBH

Key Points

• Squarepoint Ops LLC cut its Sally Beauty stake by 51.8% in the second quarter, selling 402,918 shares and retaining 375,196 shares valued at approximately $5.3 million.
• Sally Beauty reported quarterly EPS of $0.55, exceeding estimates of $0.53, while revenue reached $935.5 million, up 0.3% year over year but slightly below forecasts.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $17.40 target price; TD Cowen raised its target to $19 and maintained a Buy rating.

Squarepoint Ops LLC lowered its position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 51.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 375,196 shares of the specialty retailer's stock after selling 402,918 shares during the period. Squarepoint Ops LLC owned 0.40% of Sally Beauty worth $5,305,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. LSV Asset Management lifted its position in Sally Beauty by 12.9% during the fourth quarter. LSV Asset Management now owns 3,793,195 shares of the specialty retailer's stock valued at $54,091,000 after buying an additional 433,855 shares during the period. Hsbc Holdings PLC purchased a new stake in shares of Sally Beauty in the 1st quarter worth about $2,587,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Sally Beauty in the 2nd quarter worth about $1,727,000. BlackRock Inc. bought a new position in shares of Sally Beauty in the 2nd quarter worth about $223,172,000. Finally, Sei Investments Co. increased its stake in shares of Sally Beauty by 52.3% in the 1st quarter. Sei Investments Co. now owns 200,280 shares of the specialty retailer's stock worth $2,774,000 after acquiring an additional 68,754 shares in the last quarter.

Sally Beauty Trading Up 1.3%

NYSE:SBH opened at $16.01 on Friday. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 8.34 and a beta of 1.05. The company has a quick ratio of 0.57, a current ratio of 2.37 and a debt-to-equity ratio of 0.92. The company's 50 day moving average price is $15.78 and its 200-day moving average price is $14.52. Sally Beauty Holdings, Inc. has a 52 week low of $11.54 and a 52 week high of $17.92.

Sally Beauty (NYSE:SBH - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The specialty retailer reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.02. The company had revenue of $935.49 million during the quarter, compared to analyst estimates of $938.45 million. Sally Beauty had a net margin of 5.16% and a return on equity of 24.36%. The firm's revenue for the quarter was up .3% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 EPS. Sally Beauty has set its FY 2026 guidance at 2.040-2.080 EPS. On average, equities research analysts forecast that Sally Beauty Holdings, Inc. will post 2.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on SBH. TD Cowen boosted their price objective on shares of Sally Beauty from $17.00 to $19.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Wall Street Zen lowered Sally Beauty from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, Weiss Ratings raised Sally Beauty from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $17.40.

Sally Beauty Profile

Sally Beauty Holdings, Inc is a leading global specialty retailer and distributor of professional beauty supplies, serving both retail customers and salon professionals. The company operates two primary channels: Sally Beauty Supply, which offers a broad assortment of hair color, hair care, styling, and skincare products; and Beauty Systems Group (BSG), which provides salon-quality products and supplies to professional stylists and salon owners. With a focus on catering to diverse customer needs, Sally Beauty offers well-known brands alongside private label lines, positioning itself as a one-stop source for beauty professionals and enthusiasts alike.

Founded in 1964 and headquartered in Denton, Texas, Sally Beauty has grown through a combination of organic expansion and strategic acquisitions.

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