Jennison Associates LLC Buys 46,254 Shares of Sally Beauty Holdings, Inc. $SBH

Jennison Associates LLC raised its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 85.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 100,409 shares of the specialty retailer’s stock after purchasing an additional 46,254 shares during the quarter. Jennison Associates LLC owned 0.10% of Sally Beauty worth $1,391,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in shares of Sally Beauty by 150,390.9% in the first quarter. Royal Bank of Canada now owns 33,108 shares of the specialty retailer’s stock worth $299,000 after purchasing an additional 33,086 shares during the last quarter. AQR Capital Management LLC raised its holdings in Sally Beauty by 53.7% during the 1st quarter. AQR Capital Management LLC now owns 476,966 shares of the specialty retailer’s stock valued at $4,188,000 after buying an additional 166,637 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Sally Beauty by 3.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,595 shares of the specialty retailer’s stock valued at $547,000 after buying an additional 2,026 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Sally Beauty by 10.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 324,906 shares of the specialty retailer’s stock valued at $2,934,000 after buying an additional 31,040 shares during the period. Finally, Hsbc Holdings PLC boosted its position in Sally Beauty by 11.5% during the 2nd quarter. Hsbc Holdings PLC now owns 57,640 shares of the specialty retailer’s stock valued at $530,000 after buying an additional 5,956 shares during the period.

Insider Activity

In related news, CFO Marlo Michelle Cormier Platz sold 42,771 shares of the stock in a transaction dated 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 transaction, the chief financial officer directly owned 138,145 shares of the company’s stock, valued at $1,754,441.50. This represents a 23.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on SBH shares. Wall Street Zen upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. TD Cowen cut their target price 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. Weiss Ratings downgraded Sally Beauty from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Finally, Morgan Stanley reduced their price target on Sally Beauty from $16.00 to $13.00 and set an “underweight” rating on the stock in a report on Tuesday, May 12th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Sally Beauty presently has an average rating of “Hold” and an average price target of $17.00.

Sally Beauty Stock Performance

NYSE:SBH opened at $14.66 on Thursday. 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’s fifty day simple moving average is $13.55 and its 200 day simple moving average is $14.40. The stock has a market cap of $1.40 billion, a P/E ratio of 8.10 and a beta of 1.02. Sally Beauty Holdings, Inc. has a twelve month low of $9.36 and a twelve month high of $17.92.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Monday, May 11th. The specialty retailer reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. Sally Beauty had a net margin of 4.93% and a return on equity of 24.95%. The business had revenue of $903.38 million during the quarter, compared to analyst estimates of $901.42 million. During the same period in the prior year, the business earned $0.42 EPS. 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. As a group, research analysts predict that Sally Beauty Holdings, Inc. will post 2.06 EPS for the current year.

Sally Beauty Company 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.