Louisiana State Employees Retirement System Invests $596,000 in Sally Beauty Holdings, Inc. $SBH

Louisiana State Employees Retirement System bought a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 43,000 shares of the specialty retailer’s stock, valued at approximately $596,000.

Other institutional investors have also made changes to their positions in the company. Osaic Holdings Inc. lifted its position in Sally Beauty by 1,365.0% during the 2nd quarter. Osaic Holdings Inc. now owns 2,930 shares of the specialty retailer’s stock worth $27,000 after buying an additional 2,730 shares in the last quarter. Larson Financial Group LLC increased its position in Sally Beauty by 392.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,906 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 1,519 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Sally Beauty in the second quarter worth about $34,000. iSAM Funds UK Ltd acquired a new stake in shares of Sally Beauty in the third quarter valued at approximately $35,000. Finally, Intesa Sanpaolo Wealth Management acquired a new position in Sally Beauty during the 4th quarter worth $36,000.

Sally Beauty Price Performance

Shares of SBH stock opened at $14.32 on Wednesday. Sally Beauty Holdings, Inc. has a 12-month low of $9.34 and a 12-month high of $17.92. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 7.91 and a beta of 1.02. The company has a quick ratio of 0.55, a current ratio of 2.34 and a debt-to-equity ratio of 0.98. The firm has a fifty day moving average of $13.30 and a 200-day moving average of $14.40.

Sally Beauty (NYSE:SBH) last posted its earnings results on Monday, May 11th. The specialty retailer reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. Sally Beauty had a return on equity of 24.95% and a net margin of 4.93%.The firm had revenue of $903.38 million for the quarter, compared to analyst estimates of $901.42 million. During the same period in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. Sally Beauty has set its Q3 2026 guidance at 0.520-0.560 EPS. On average, equities research analysts forecast that Sally Beauty Holdings, Inc. will post 2.06 earnings per share for the current year.

Insider Buying and Selling at Sally Beauty

In other news, CFO Marlo Michelle Cormier Platz sold 42,771 shares of Sally Beauty stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $12.70, for a total transaction of $543,191.70. Following the transaction, the chief financial officer owned 138,145 shares in the company, valued at $1,754,441.50. The trade was a 23.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SBH shares. Wall Street Zen raised Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. TD Cowen cut their price target on Sally Beauty from $20.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Morgan Stanley lowered their price objective on Sally Beauty from $16.00 to $13.00 and set an “underweight” rating for the company in a research report on Tuesday, May 12th. Finally, Weiss Ratings cut Sally Beauty from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Three research 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 data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $17.00.

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.