HighTower Advisors LLC Takes $155,000 Position in Sally Beauty Holdings, Inc. $SBH

HighTower Advisors LLC acquired a new stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,218 shares of the specialty retailer’s stock, valued at approximately $155,000.

Other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC boosted its position 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 valued at $31,000 after buying an additional 1,735 shares during the last quarter. Parallel Advisors LLC boosted its position in Sally Beauty by 536.4% in the first quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 3,304 shares during the last quarter. GAMMA Investing LLC boosted its position in Sally Beauty by 820.3% in the first quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer’s stock valued at $43,000 after buying an additional 4,200 shares during the last quarter. CWM LLC boosted its position in Sally Beauty by 123.7% in the first quarter. CWM LLC now owns 8,949 shares of the specialty retailer’s stock valued at $81,000 after buying an additional 4,948 shares during the last quarter. Finally, TradeLink Capital LLC purchased a new stake in Sally Beauty in the first quarter valued at approximately $136,000.

Insider Buying and Selling

In other Sally Beauty news, CEO Denise Paulonis acquired 4,500 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was 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 directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Diana Sue Ferguson acquired 2,500 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was acquired at an average price 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 of the company’s stock, valued at approximately $95,102.24. This represents a 46.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.56% of the stock is owned by insiders.

Sally Beauty Stock Down 0.0%

Sally Beauty stock opened at $14.12 on Friday. The stock has a market capitalization of $1.40 billion, a PE ratio of 7.59 and a beta of 1.38. Sally Beauty Holdings, Inc. has a 12 month low of $7.54 and a 12 month high of $14.79. The business has a 50 day simple moving average of $11.42 and a 200-day simple moving average of $9.66. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.41 and a quick ratio of 0.49.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings data on Tuesday, August 5th. The specialty retailer reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. The business had revenue of $933.31 million during the quarter, compared to analysts’ expectations of $928.78 million. Sally Beauty had a return on equity of 28.11% and a net margin of 5.26%.The business’s revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $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 fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SBH. TD Cowen upped their target price on Sally Beauty from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday. Wall Street Zen lowered shares of Sally Beauty from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Finally, Canaccord Genuity Group upped their price target on shares of Sally Beauty from $14.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.