58,455 Shares in Sally Beauty Holdings, Inc. $SBH Purchased by Denali Advisors LLC

Denali Advisors LLC bought a new position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) during the 2nd quarter, Holdings Channel reports. The firm bought 58,455 shares of the specialty retailer’s stock, valued at approximately $827,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Great Lakes Advisors LLC acquired a new stake in shares of Sally Beauty during the 2nd quarter valued at approximately $4,687,000. Foster & Motley Inc. acquired a new stake in shares of Sally Beauty in the 2nd quarter worth approximately $374,000. BlackRock Inc. acquired a new stake in shares of Sally Beauty in the 2nd quarter worth approximately $223,172,000. Deutsche Bank AG acquired a new stake in shares of Sally Beauty in the 2nd quarter worth approximately $1,440,000. Finally, Bank of New York Mellon Corp purchased a new position in Sally Beauty in the 2nd quarter valued at approximately $9,347,000.

Sally Beauty Stock Down 3.0%

SBH stock opened at $16.22 on Friday. The company’s 50 day simple moving average is $14.97 and its 200-day simple moving average is $14.48. The firm has a market capitalization of $1.52 billion, a PE ratio of 8.45 and a beta of 1.03. Sally Beauty Holdings, Inc. has a 12 month low of $11.54 and a 12 month high of $17.92. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.37 and a quick ratio of 0.57.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Monday, August 3rd. The specialty retailer reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. Sally Beauty had a return on equity of 24.36% and a net margin of 5.16%.The firm had revenue of $935.49 million during the quarter, compared to the consensus estimate of $938.45 million. During the same period in the previous year, the firm posted $0.51 EPS. The company’s quarterly revenue 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 analysts expect that Sally Beauty Holdings, Inc. will post 2.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SBH has been the subject of several research reports. TD Cowen lifted their price objective on Sally Beauty from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Wall Street Zen lowered Sally Beauty from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Morgan Stanley dropped their price target 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 raised Sally Beauty from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Sally Beauty currently has a consensus rating of “Hold” and a consensus target price of $17.40.

Insiders Place Their Bets

In other Sally Beauty news, CFO Marlo Michelle Cormier Platz sold 42,771 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $12.70, for a total transaction of $543,191.70. Following the completion of the transaction, the chief financial officer owned 138,145 shares of the company’s stock, valued at approximately $1,754,441.50. This trade represents a 23.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.00% of the company’s stock.

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.