Diversified Trust Co Has $266,000 Position in Sally Beauty Holdings, Inc. $SBH

Diversified Trust Co raised its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 4.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,756 shares of the specialty retailer’s stock after purchasing an additional 1,093 shares during the period. Diversified Trust Co’s holdings in Sally Beauty were worth $266,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Sally Beauty by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 12,974,982 shares of the specialty retailer’s stock worth $117,164,000 after buying an additional 546,267 shares in the last quarter. Victory Capital Management Inc. raised its stake in Sally Beauty by 9.3% during the first quarter. Victory Capital Management Inc. now owns 4,013,531 shares of the specialty retailer’s stock worth $36,242,000 after acquiring an additional 342,225 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Sally Beauty by 10.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,868,855 shares of the specialty retailer’s stock worth $25,906,000 after acquiring an additional 263,269 shares in the last quarter. Invenomic Capital Management LP raised its stake in Sally Beauty by 160.3% during the first quarter. Invenomic Capital Management LP now owns 1,889,310 shares of the specialty retailer’s stock worth $17,060,000 after acquiring an additional 1,163,619 shares in the last quarter. Finally, Jupiter Asset Management Ltd. raised its stake in Sally Beauty by 9.4% during the first quarter. Jupiter Asset Management Ltd. now owns 1,876,396 shares of the specialty retailer’s stock worth $16,944,000 after acquiring an additional 160,599 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Cowen reiterated a “buy” rating on shares of Sally Beauty in a research report on Thursday, September 4th. Wall Street Zen downgraded shares of Sally Beauty from a “buy” rating to a “hold” rating in a report on Sunday. Zacks Research upgraded shares of Sally Beauty from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. TD Cowen upped their target price on Sally Beauty from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, September 4th. Finally, Canaccord Genuity Group upped their target price on Sally Beauty from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.88.

Insider Transactions at Sally Beauty

In other Sally Beauty news, CEO Denise Paulonis bought 4,500 shares of the firm’s stock in a transaction that occurred 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 completion of the purchase, the chief executive officer directly owned 366,865 shares of the company’s stock, valued at approximately $4,306,995.10. This trade represents a 1.24% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Max R. Rangel bought 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The shares were acquired at an average cost of $14.07 per share, with a total value of $49,245.00. Following the purchase, the director directly owned 3,500 shares of the company’s stock, valued at $49,245. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 10,500 shares of company stock worth $132,125 over the last three months. 1.56% of the stock is owned by company insiders.

Sally Beauty Stock Performance

NYSE SBH opened at $15.51 on Thursday. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 8.34 and a beta of 1.38. The stock has a fifty day simple moving average of $12.90 and a 200 day simple moving average of $10.24. 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 twelve month low of $7.54 and a twelve month high of $15.92.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Tuesday, August 5th. The specialty retailer reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.09. The company 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 quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 earnings per share. Sally Beauty has set its FY 2025 guidance at EPS. Sell-side analysts expect 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.