Jupiter Topco LLC Invests $713,000 in Sally Beauty Holdings, Inc. $SBH

Jupiter Topco LLC purchased a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH) in the second quarter, Holdings Channel reports. The firm purchased 50,460 shares of the specialty retailer’s stock, valued at approximately $713,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Sally Beauty during the 2nd quarter valued at about $223,172,000. Wasatch Advisors LP bought a new position in Sally Beauty in the third quarter worth about $74,842,000. Goldman Sachs Group Inc. boosted its stake in Sally Beauty by 46.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,981,998 shares of the specialty retailer’s stock valued at $56,783,000 after acquiring an additional 1,254,125 shares during the period. Lazard Asset Management LLC boosted its stake in Sally Beauty by 1,333.4% in the fourth quarter. Lazard Asset Management LLC now owns 840,539 shares of the specialty retailer’s stock valued at $11,986,000 after acquiring an additional 781,901 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in shares of Sally Beauty during the second quarter valued at approximately $9,347,000.

Sally Beauty Stock Performance

SBH opened at $16.67 on Monday. The business’s 50 day moving average is $15.58 and its 200-day moving average is $14.50. The stock has a market cap of $1.56 billion, a PE ratio of 8.68 and a beta of 1.05. 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 Holdings, Inc. has a twelve month low of $11.54 and a twelve month high of $17.92.

Sally Beauty (NYSE:SBH) last posted its earnings results on Monday, August 3rd. The specialty retailer reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. The firm had revenue of $935.49 million for 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%.The firm’s revenue was up .3% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. Sally Beauty has set its FY 2026 guidance at 2.040-2.080 EPS. On average, analysts predict that Sally Beauty Holdings, Inc. will post 2.07 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SBH. Morgan Stanley dropped their price target on Sally Beauty from $16.00 to $13.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 12th. Wall Street Zen lowered Sally Beauty from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. TD Cowen upped their price objective on Sally Beauty from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings raised Sally Beauty from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.