Picton Mahoney Asset Management Buys New Stake in Sally Beauty Holdings, Inc. $SBH

Picton Mahoney Asset Management bought a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 60,041 shares of the specialty retailer’s stock, valued at approximately $978,000. Picton Mahoney Asset Management owned approximately 0.06% of Sally Beauty as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Royce & Associates LP lifted its holdings in shares of Sally Beauty by 8.3% during the 3rd quarter. Royce & Associates LP now owns 13,217 shares of the specialty retailer’s stock valued at $215,000 after purchasing an additional 1,017 shares during the last quarter. American Century Companies Inc. grew its stake in Sally Beauty by 174.4% during the 3rd quarter. American Century Companies Inc. now owns 1,660,831 shares of the specialty retailer’s stock worth $27,038,000 after buying an additional 1,055,669 shares during the last quarter. Quantbot Technologies LP increased its position in Sally Beauty by 162.4% during the 3rd quarter. Quantbot Technologies LP now owns 146,677 shares of the specialty retailer’s stock valued at $2,388,000 after buying an additional 90,770 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Sally Beauty during the 3rd quarter valued at about $204,000. Finally, Counterpoint Mutual Funds LLC purchased a new stake in Sally Beauty in the third quarter valued at about $423,000.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SBH shares. Wall Street Zen downgraded Sally Beauty from a “buy” rating to a “hold” rating in a report on Monday, March 2nd. Morgan Stanley increased their price objective on shares of Sally Beauty from $14.00 to $16.00 and gave the company an “underweight” rating in a research report on Tuesday, February 10th. TD Cowen lifted their target price on shares of Sally Beauty from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Sally Beauty in a research report on Friday, January 9th. Finally, Canaccord Genuity Group upped their price target on shares of Sally Beauty from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Sally Beauty has an average rating of “Hold” and a consensus price target of $17.80.

Sally Beauty Price Performance

NYSE:SBH opened at $14.80 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.37 and a quick ratio of 0.57. The company has a 50 day moving average price of $15.61 and a 200-day moving average price of $15.19. Sally Beauty Holdings, Inc. has a 1-year low of $7.54 and a 1-year high of $17.92. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 8.41 and a beta of 1.14.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Monday, February 9th. The specialty retailer reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. Sally Beauty had a net margin of 4.87% and a return on equity of 26.07%. The firm had revenue of $943.17 million for the quarter, compared to the consensus estimate of $939.63 million. During the same period in the prior year, the firm posted $0.43 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. Sally Beauty has set its FY 2026 guidance at 2.020-2.100 EPS and its Q2 2026 guidance at 0.390-0.420 EPS. Equities research analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

Insider Activity

In other news, CAO Kim Mcintosh sold 5,900 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $15.71, for a total transaction of $92,689.00. Following the sale, the chief accounting officer directly owned 21,295 shares in the company, valued at $334,544.45. This trade represents a 21.70% decrease in their position. The transaction 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 insiders.

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.