Wasatch Advisors LP Has $46.75 Million Stake in Sally Beauty Holdings, Inc. $SBH

Wasatch Advisors LP lowered its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 2.6% during the second quarter, HoldingsChannel reports. The firm owned 3,305,986 shares of the specialty retailer’s stock after selling 87,753 shares during the quarter. Wasatch Advisors LP’s holdings in Sally Beauty were worth $46,747,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Mariner LLC grew its position in shares of Sally Beauty by 6.1% in the 4th quarter. Mariner LLC now owns 15,400 shares of the specialty retailer’s stock valued at $220,000 after purchasing an additional 890 shares during the period. Russell Investments Group Ltd. increased its stake in Sally Beauty by 0.6% during the 4th quarter. Russell Investments Group Ltd. now owns 183,249 shares of the specialty retailer’s stock worth $2,613,000 after purchasing an additional 1,081 shares in the last quarter. Versant Capital Management Inc increased its stake in Sally Beauty by 27.2% during the 2nd quarter. Versant Capital Management Inc now owns 5,096 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 1,089 shares in the last quarter. B. Metzler seel. Sohn & Co. AG raised its holdings in Sally Beauty by 1.7% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 89,257 shares of the specialty retailer’s stock worth $1,273,000 after buying an additional 1,477 shares during the period. Finally, CWM LLC raised its holdings in Sally Beauty by 11.3% during the 4th quarter. CWM LLC now owns 14,693 shares of the specialty retailer’s stock worth $210,000 after buying an additional 1,490 shares during the period.

Insider Activity at Sally Beauty

In other news, CFO Marlo Michelle Cormier Platz sold 42,771 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $12.70, for a total value of $543,191.70. Following the completion of the transaction, the chief financial officer owned 138,145 shares in the company, valued at $1,754,441.50. This trade represents a 23.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Sally Beauty Stock Performance

Shares of SBH stock opened at $16.90 on Wednesday. Sally Beauty Holdings, Inc. has a 12 month low of $11.54 and a 12 month high of $17.92. The company’s fifty day simple moving average is $14.44 and its 200-day simple moving average is $14.43. The firm has a market cap of $1.58 billion, a PE ratio of 8.80 and a beta of 1.03. The company has a quick ratio of 0.57, a current ratio of 2.37 and a debt-to-equity ratio of 0.92.

Sally Beauty (NYSE:SBH) last released its earnings results on Monday, August 3rd. The specialty retailer reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. Sally Beauty had a net margin of 5.16% and a return on equity of 24.36%. The business had revenue of $935.49 million during the quarter, compared to the consensus estimate of $938.45 million. During the same quarter last year, the firm earned $0.51 earnings per share. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. Sally Beauty has set its FY 2026 guidance at 2.040-2.080 EPS. Equities research analysts expect that Sally Beauty Holdings, Inc. will post 2.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. TD Cowen upped their price target on shares of Sally Beauty from $17.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Weiss Ratings upgraded shares of Sally Beauty from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. 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 research report on Tuesday, May 12th. Finally, Wall Street Zen lowered shares of Sally Beauty from a “buy” rating to a “hold” rating in a research note on Saturday. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Sally Beauty presently has a consensus rating of “Hold” and a consensus price target 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.