American Century Companies Inc. Purchases 18,056 Shares of Sally Beauty Holdings, Inc. $SBH

American Century Companies Inc. boosted its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 8.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 231,649 shares of the specialty retailer’s stock after purchasing an additional 18,056 shares during the quarter. American Century Companies Inc. owned approximately 0.23% of Sally Beauty worth $2,092,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC raised its holdings in Sally Beauty by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 1,735 shares in the last quarter. Parallel Advisors LLC raised its holdings in Sally Beauty by 536.4% in the first quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 3,304 shares in the last quarter. GAMMA Investing LLC raised its holdings in Sally Beauty by 820.3% in the first quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer’s stock worth $43,000 after purchasing an additional 4,200 shares in the last quarter. CWM LLC raised its holdings in Sally Beauty by 123.7% in the first quarter. CWM LLC now owns 8,949 shares of the specialty retailer’s stock worth $81,000 after purchasing an additional 4,948 shares in the last quarter. Finally, TradeLink Capital LLC bought a new position in Sally Beauty in the first quarter worth about $136,000.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wall Street Zen downgraded shares of Sally Beauty from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Canaccord Genuity Group boosted their target price 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 analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.88.

Insider Buying and Selling

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

Sally Beauty Stock Performance

SBH opened at $13.85 on Tuesday. Sally Beauty Holdings, Inc. has a 52-week low of $7.54 and a 52-week high of $14.79. The company has a quick ratio of 0.49, a current ratio of 2.41 and a debt-to-equity ratio of 1.16. The company has a market cap of $1.37 billion, a P/E ratio of 7.45 and a beta of 1.38. The firm’s 50-day moving average price is $11.10 and its 200-day moving average price is $9.56.

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

Sally Beauty Company Profile

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.