Trexquant Investment LP Has $8.62 Million Position in Sally Beauty Holdings, Inc. $SBH

Key Points

• Trexquant Investment LP increased its holdings in Sally Beauty by 9.8%, acquiring an additional 85,399 shares, bringing its total to 954,553 shares valued at approximately $8.62 million.
• Sally Beauty reported earnings of $0.51 per share for the latest quarter, exceeding estimates, with total revenue of $933.31 million, reflecting a slight decrease compared to the previous year.
• Institutional investors have significantly raised their positions in Sally Beauty, with some firms, like Golden State Wealth Management, increasing their holdings by 100% or more during the recent first quarter.

Trexquant Investment LP raised its stake in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 9.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 954,553 shares of the specialty retailer's stock after acquiring an additional 85,399 shares during the period. Trexquant Investment LP owned 0.94% of Sally Beauty worth $8,620,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in Sally Beauty in the first quarter valued at approximately $309,000. Vanguard Group Inc. boosted its stake in Sally Beauty by 4.4% in the first quarter. Vanguard Group Inc. now owns 12,974,982 shares of the specialty retailer's stock valued at $117,164,000 after acquiring an additional 546,267 shares during the period. GAMMA Investing LLC boosted its stake in Sally Beauty by 8,210.4% in the first quarter. GAMMA Investing LLC now owns 42,549 shares of the specialty retailer's stock valued at $384,000 after acquiring an additional 42,037 shares during the period. Millennium Management LLC boosted its position in shares of Sally Beauty by 1,177.7% during the fourth 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 period. Finally, CenterBook Partners LP boosted its position in shares of 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 buying an additional 751,943 shares during the period.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SBH shares. Canaccord Genuity Group boosted their price objective on 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 downgraded Sally Beauty from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Sally Beauty presently has an average rating of "Hold" and an average price target of $12.88.

Insider Buying and Selling at Sally Beauty

In related news, Director Diana Sue Ferguson purchased 2,500 shares of the company's stock in a transaction on Thursday, August 7th. The shares were bought at an average price of $12.02 per share, with a total value of $30,050.00. Following the completion of the acquisition, the director owned 7,912 shares of the company's stock, valued at approximately $95,102.24. This represents a 46.19% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Denise Paulonis purchased 4,500 shares of the company's stock in a transaction on Friday, August 8th. The stock was bought at an average cost of $11.74 per share, for a total transaction of $52,830.00. Following the acquisition, the chief executive officer directly owned 366,865 shares of the company's stock, valued at $4,306,995.10. This represents a 1.24% increase in their position. The disclosure for this purchase can be found here. 1.56% of the stock is currently owned by corporate insiders.

Sally Beauty Price Performance

SBH traded up $0.54 during trading on Tuesday, reaching $14.40. The stock had a trading volume of 2,764,890 shares, compared to its average volume of 2,138,943. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 7.74 and a beta of 1.38. The company has a quick ratio of 0.49, a current ratio of 2.41 and a debt-to-equity ratio of 1.16. Sally Beauty Holdings, Inc. has a 1-year low of $7.54 and a 1-year high of $14.79. The stock has a 50 day moving average of $11.10 and a two-hundred day moving average of $9.56.

Sally Beauty (NYSE:SBH - Get Free Report) last posted its quarterly 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. The company had revenue of $933.31 million for the quarter, compared to analysts' expectations of $928.78 million. Sally Beauty had a return on equity of 28.11% and a net margin of 5.26%.The firm's revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 earnings per share. Sally Beauty has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

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.