State of Wyoming Buys 50,827 Shares of Sally Beauty Holdings, Inc. $SBH

Key Points

• The State of Wyoming significantly increased its stake in Sally Beauty Holdings, Inc. by acquiring an additional 50,827 shares, resulting in total holdings of 67,166 shares worth approximately $607,000.
• CEO Denise Paulonis purchased 4,500 shares at an average cost of $11.74 each, raising her stake in the company while Director Diana Sue Ferguson also increased her ownership with a purchase of 2,500 shares.
• Sally Beauty reported a quarterly earnings per share of $0.51, beating analyst expectations, although revenue for the quarter declined 1.0% compared to the previous year.

State of Wyoming lifted its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 311.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,166 shares of the specialty retailer's stock after acquiring an additional 50,827 shares during the period. State of Wyoming owned 0.07% of Sally Beauty worth $607,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Millennium Management LLC lifted its holdings in Sally Beauty by 1,177.7% during the 4th quarter. Millennium Management LLC now owns 1,136,121 shares of the specialty retailer's stock worth $11,872,000 after buying an additional 1,047,199 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Sally Beauty during the 1st quarter valued at about $8,600,000. CenterBook Partners LP boosted its position in Sally Beauty by 359.3% during the first quarter. CenterBook Partners LP now owns 961,230 shares of the specialty retailer's stock worth $8,680,000 after purchasing an additional 751,943 shares during the period. Ranmore Fund Management Ltd lifted its stake in shares of Sally Beauty by 74.2% in the first quarter. Ranmore Fund Management Ltd now owns 1,420,000 shares of the specialty retailer's stock valued at $12,823,000 after buying an additional 605,000 shares during the period. Finally, Lightrock Netherlands B.V. raised its position in Sally Beauty by 65.0% in the first quarter. Lightrock Netherlands B.V. now owns 1,479,307 shares of the specialty retailer's stock worth $13,380,000 after purchasing an additional 583,000 shares in the last quarter.

Insider Activity

In other news, CEO Denise Paulonis acquired 4,500 shares of the business's stock in a transaction on Friday, August 8th. The shares were acquired at an average cost of $11.74 per share, with a total value of $52,830.00. Following 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 position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Diana Sue Ferguson bought 2,500 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were acquired at an average cost of $12.02 per share, with a total value of $30,050.00. Following the purchase, the director directly owned 7,912 shares of the company's stock, valued at approximately $95,102.24. This represents a 46.19% increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.56% of the company's stock.

Sally Beauty Stock Performance

SBH traded down $0.26 during midday trading on Wednesday, reaching $14.14. The company had a trading volume of 1,522,892 shares, compared to its average volume of 2,134,119. The stock has a market cap of $1.40 billion, a PE ratio of 7.60 and a beta of 1.38. 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 business has a 50-day moving average price of $11.21 and a two-hundred day moving average price of $9.59. Sally Beauty Holdings, Inc. has a 12-month low of $7.54 and a 12-month high of $14.79.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SBH shares. Wall Street Zen downgraded shares of Sally Beauty from a "buy" rating to a "hold" rating in a research report 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 stock a "buy" rating in a research note on Wednesday, August 6th. 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $12.88.

About Sally Beauty

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.