Sally Beauty Holdings, Inc. $SBH Stock Holdings Lessened by Northern Trust Corp

Northern Trust Corp trimmed its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 3.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,297,338 shares of the specialty retailer’s stock after selling 40,749 shares during the period. Northern Trust Corp owned 1.27% of Sally Beauty worth $11,715,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SBH. Millennium Management LLC boosted its stake in 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 valued at $11,872,000 after purchasing an additional 1,047,199 shares during the period. Nuveen LLC acquired a new position in Sally Beauty during the 1st quarter valued at about $8,600,000. CenterBook Partners LP boosted its stake in Sally Beauty by 359.3% during the 1st 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 period. Ranmore Fund Management Ltd boosted its stake in 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 valued at $12,823,000 after purchasing an additional 605,000 shares during the period. Finally, Lightrock Netherlands B.V. boosted its stake in 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 valued at $13,380,000 after purchasing an additional 583,000 shares during the period.

Sally Beauty Stock Performance

Shares of SBH opened at $14.12 on Friday. The company’s 50 day moving average price is $11.42 and its 200 day moving average price is $9.66. Sally Beauty Holdings, Inc. has a 52 week low of $7.54 and a 52 week high of $14.79. The company has a market capitalization of $1.40 billion, a PE ratio of 7.59 and a beta of 1.38. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.49 and a current ratio of 2.41.

Sally Beauty (NYSE:SBH) last announced 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. 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 period in the previous year, the firm posted $0.45 earnings per share. The firm’s revenue was down 1.0% on a year-over-year basis. Sally Beauty has set its FY 2025 guidance at EPS. Research analysts expect that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

Analyst Ratings Changes

SBH has been the subject of a number of analyst reports. Canaccord Genuity Group boosted their target price on shares of Sally Beauty from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Wall Street Zen downgraded shares of Sally Beauty from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Finally, TD Cowen boosted their price target on shares of Sally Beauty from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. 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 Sally Beauty news, Director Diana Sue Ferguson bought 2,500 shares of the firm’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 completion of the transaction, the director directly owned 7,912 shares of the company’s stock, valued at approximately $95,102.24. The trade was a 46.19% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Denise Paulonis bought 4,500 shares of the firm’s stock in a transaction on Friday, August 8th. The stock was acquired at an average cost of $11.74 per share, with a total value 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 approximately $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 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.