Sally Beauty Holdings, Inc. $SBH Shares Bought by Invesco Ltd.

Invesco Ltd. boosted its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 3.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,469,926 shares of the specialty retailer’s stock after buying an additional 51,461 shares during the period. Invesco Ltd. owned 1.44% of Sally Beauty worth $13,273,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SBH. Golden State Wealth Management LLC increased its position in Sally Beauty by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer’s stock worth $31,000 after buying an additional 1,735 shares during the period. Parallel Advisors LLC increased its position in Sally Beauty by 536.4% during the first quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer’s stock worth $35,000 after buying an additional 3,304 shares during the period. GAMMA Investing LLC increased its position in Sally Beauty by 820.3% during the first quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer’s stock worth $43,000 after buying an additional 4,200 shares during the period. CWM LLC increased its position in Sally Beauty by 123.7% during the first quarter. CWM LLC now owns 8,949 shares of the specialty retailer’s stock worth $81,000 after buying an additional 4,948 shares during the period. Finally, Quarry LP increased its position in Sally Beauty by 302.2% during the fourth quarter. Quarry LP now owns 11,986 shares of the specialty retailer’s stock worth $125,000 after buying an additional 9,006 shares during the period.

Sally Beauty Stock Up 3.1%

Sally Beauty stock opened at $13.5890 on Friday. Sally Beauty Holdings, Inc. has a twelve month low of $7.54 and a twelve month high of $14.79. The stock has a 50 day moving average of $10.49 and a two-hundred day moving average of $9.40. The company has a current ratio of 2.41, a quick ratio of 0.49 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 7.31 and a beta of 1.30.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings data on Tuesday, August 5th. The specialty retailer reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.09. Sally Beauty had a return on equity of 28.11% and a net margin of 5.26%.The company had revenue of $933.31 million during the quarter, compared to analysts’ expectations of $928.78 million. During the same period last year, the firm earned $0.45 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. Sally Beauty has set its FY 2025 guidance at EPS. As a group, research analysts expect that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.

Insider Activity at Sally Beauty

In other Sally Beauty news, Director Diana Sue Ferguson bought 2,500 shares of the company’s stock in a transaction on Thursday, August 7th. The shares were bought at an average price of $12.02 per share, for a total transaction of $30,050.00. Following the transaction, the director owned 7,912 shares of the company’s stock, valued at approximately $95,102.24. This trade represents a 46.19% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Denise Paulonis bought 4,500 shares of the company’s stock in a transaction on Friday, August 8th. The shares were acquired at an average price of $11.74 per share, for a total transaction of $52,830.00. Following the transaction, the chief executive officer directly owned 366,865 shares in the company, valued at $4,306,995.10. This trade represents a 1.24% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SBH shares. Canaccord Genuity Group lifted their price target on Sally Beauty from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Wall Street Zen cut Sally Beauty from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $12.88.

About Sally Beauty

Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.