Russell Investments Group Ltd. Purchases 6,507 Shares of Sally Beauty Holdings, Inc. $SBH

Russell Investments Group Ltd. grew its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 14.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 51,707 shares of the specialty retailer’s stock after purchasing an additional 6,507 shares during the period. Russell Investments Group Ltd. owned approximately 0.05% of Sally Beauty worth $467,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SBH. Millennium Management LLC lifted its holdings in shares of Sally Beauty by 1,177.7% during the fourth quarter. Millennium Management LLC now owns 1,136,121 shares of the specialty retailer’s stock valued at $11,872,000 after purchasing an additional 1,047,199 shares during the last quarter. Nuveen LLC purchased a new position in shares of Sally Beauty during the first quarter valued at approximately $8,600,000. CenterBook Partners LP lifted its holdings in shares of Sally Beauty by 359.3% during the first quarter. CenterBook Partners LP now owns 961,230 shares of the specialty retailer’s stock valued at $8,680,000 after purchasing an additional 751,943 shares during the last quarter. Lightrock Netherlands B.V. lifted its holdings in shares of Sally Beauty by 65.0% during the first quarter. Lightrock Netherlands B.V. now owns 1,479,307 shares of the specialty retailer’s stock valued at $13,380,000 after purchasing an additional 583,000 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Sally Beauty by 4.4% during the first quarter. Vanguard Group Inc. now owns 12,974,982 shares of the specialty retailer’s stock valued at $117,164,000 after purchasing an additional 546,267 shares during the last quarter.

Sally Beauty Price Performance

Shares of NYSE SBH opened at $13.85 on Monday. Sally Beauty Holdings, Inc. has a twelve month low of $7.54 and a twelve month high of $14.79. The firm has a market cap of $1.37 billion, a P/E ratio of 7.45 and a beta of 1.38. The company has a 50 day moving average of $11.00 and a 200 day moving average of $9.53. The company has a quick ratio of 0.49, a current ratio of 2.41 and a debt-to-equity ratio of 1.16.

Sally Beauty (NYSE:SBH) last posted its earnings results on Tuesday, August 5th. The specialty retailer reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.09. Sally Beauty had a net margin of 5.26% and a return on equity of 28.11%. The business had revenue of $933.31 million during the quarter, compared to the consensus estimate of $928.78 million. During the same quarter in the previous year, the firm posted $0.45 EPS. The firm’s revenue 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 EPS for the current fiscal year.

Insider Buying and Selling

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

A number of equities analysts recently weighed in on SBH shares. Wall Street Zen lowered shares of Sally Beauty from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Canaccord Genuity Group boosted their price objective on shares of Sally Beauty from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sally Beauty has a consensus rating of “Hold” and an average 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.