Sally Beauty Holdings, Inc. $SBH Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 354.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,684 shares of the specialty retailer’s stock after purchasing an additional 40,318 shares during the period. Hsbc Holdings PLC owned 0.05% of Sally Beauty worth $465,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SBH. Millennium Management LLC boosted its stake in shares of Sally Beauty by 1,177.7% during the 4th quarter. Millennium Management LLC now owns 1,136,121 shares of the specialty retailer’s stock worth $11,872,000 after purchasing an additional 1,047,199 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Sally Beauty during the 1st quarter worth about $8,600,000. CenterBook Partners LP boosted its stake in shares of Sally Beauty by 359.3% during the 1st quarter. CenterBook Partners LP now owns 961,230 shares of the specialty retailer’s stock worth $8,680,000 after purchasing an additional 751,943 shares during the last quarter. Ranmore Fund Management Ltd boosted its stake in shares of Sally Beauty by 74.2% during the 1st quarter. Ranmore Fund Management Ltd now owns 1,420,000 shares of the specialty retailer’s stock worth $12,823,000 after purchasing an additional 605,000 shares during the last quarter. Finally, Lightrock Netherlands B.V. boosted its stake in shares of Sally Beauty by 65.0% during the 1st quarter. Lightrock Netherlands B.V. now owns 1,479,307 shares of the specialty retailer’s stock worth $13,380,000 after purchasing an additional 583,000 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have issued reports on SBH. Canaccord Genuity Group raised their price target on shares of Sally Beauty from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Wall Street Zen cut shares of Sally Beauty from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. 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. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $12.88.

Insider Buying and Selling

In other Sally Beauty news, Director Diana Sue Ferguson purchased 2,500 shares of Sally Beauty stock in a transaction on Thursday, August 7th. The shares were purchased at an average cost of $12.02 per share, with a total value 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Denise Paulonis purchased 4,500 shares of Sally Beauty stock in a transaction on Friday, August 8th. The shares were acquired at an average cost of $11.74 per share, for a total transaction of $52,830.00. Following the completion of the transaction, the chief executive officer owned 366,865 shares of the company’s stock, valued at $4,306,995.10. This represents a 1.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.56% of the company’s stock.

Sally Beauty Trading Up 3.2%

Shares of SBH stock opened at $13.85 on Tuesday. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 7.45 and a beta of 1.38. 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 Holdings, Inc. has a fifty-two week low of $7.54 and a fifty-two week high of $14.79. The firm’s 50 day moving average price is $11.10 and its two-hundred day moving average price is $9.56.

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