Wasatch Advisors LP Sells 87,753 Shares of Sally Beauty Holdings, Inc. $SBH

Wasatch Advisors LP reduced its position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 2.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,305,986 shares of the specialty retailer's stock after selling 87,753 shares during the period. Wasatch Advisors LP owned 3.47% of Sally Beauty worth $46,747,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of Sally Beauty by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 5,871,979 shares of the specialty retailer's stock valued at $81,323,000 after acquiring an additional 202,020 shares during the period. State Street Corp increased its position in Sally Beauty by 4.4% in the fourth quarter. State Street Corp now owns 4,606,736 shares of the specialty retailer's stock worth $65,692,000 after purchasing an additional 192,560 shares during the period. Goldman Sachs Group Inc. raised its holdings in Sally Beauty by 46.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,981,998 shares of the specialty retailer's stock worth $56,783,000 after purchasing an additional 1,254,125 shares during the last quarter. LSV Asset Management raised its holdings in Sally Beauty by 12.9% during the 4th quarter. LSV Asset Management now owns 3,793,195 shares of the specialty retailer's stock worth $54,091,000 after purchasing an additional 433,855 shares during the last quarter. Finally, Ranmore Fund Management Ltd lifted its position in Sally Beauty by 9.8% during the 4th quarter. Ranmore Fund Management Ltd now owns 2,414,667 shares of the specialty retailer's stock valued at $34,433,000 after purchasing an additional 214,667 shares during the period.

Sally Beauty Price Performance

Shares of SBH opened at $16.90 on Wednesday. The stock has a market cap of $1.58 billion, a P/E ratio of 8.80 and a beta of 1.03. Sally Beauty Holdings, Inc. has a 1 year low of $11.54 and a 1 year high of $17.92. The stock's 50-day moving average price is $14.44 and its two-hundred day moving average price is $14.43. The company has a current ratio of 2.37, a quick ratio of 0.57 and a debt-to-equity ratio of 0.92.

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

Insider Buying and Selling

In other Sally Beauty news, CFO Marlo Michelle Cormier Platz sold 42,771 shares of the company's stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $12.70, for a total value of $543,191.70. Following the completion of the sale, the chief financial officer owned 138,145 shares of the company's stock, valued at approximately $1,754,441.50. This represents a 23.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

SBH has been the subject of several analyst reports. TD Cowen lifted their price target on shares of Sally Beauty from $17.00 to $19.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Morgan Stanley cut their price objective on shares of Sally Beauty from $16.00 to $13.00 and set an "underweight" rating on the stock in a report on Tuesday, May 12th. Weiss Ratings raised shares of Sally Beauty from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen lowered shares of Sally Beauty from a "buy" rating to a "hold" rating in a report on Saturday. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $17.40.

About Sally Beauty

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source