GAMMA Investing LLC Has $118,000 Stock Holdings in Sally Beauty Holdings, Inc. $SBH

GAMMA Investing LLC boosted its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 170.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 12,746 shares of the specialty retailer’s stock after acquiring an additional 8,034 shares during the period. GAMMA Investing LLC’s holdings in Sally Beauty were worth $118,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SBH. Invenomic Capital Management LP grew its holdings in shares of Sally Beauty by 160.3% in the 1st quarter. Invenomic Capital Management LP now owns 1,889,310 shares of the specialty retailer’s stock valued at $17,060,000 after buying an additional 1,163,619 shares during the period. Nuveen LLC acquired a new position in shares of Sally Beauty in the 1st quarter valued at $8,600,000. CenterBook Partners LP grew its holdings in shares of Sally Beauty by 359.3% in the 1st quarter. CenterBook Partners LP now owns 961,230 shares of the specialty retailer’s stock valued at $8,680,000 after buying an additional 751,943 shares during the period. Ranmore Fund Management Ltd grew its holdings in shares of Sally Beauty by 74.2% in 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 buying an additional 605,000 shares during the period. Finally, Lightrock Netherlands B.V. grew its holdings in shares of Sally Beauty by 65.0% in 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 buying an additional 583,000 shares during the period.

Sally Beauty Trading Down 0.4%

Shares of NYSE:SBH opened at $16.29 on Wednesday. The company’s 50-day moving average price is $13.40 and its two-hundred day moving average price is $10.43. 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 Holdings, Inc. has a one year low of $7.54 and a one year high of $16.37. The stock has a market capitalization of $1.61 billion, a PE ratio of 8.76 and a beta of 1.38.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Tuesday, August 5th. The specialty retailer reported $0.51 EPS for the quarter, topping 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 analysts’ expectations of $928.78 million. During the same period in the previous year, the firm posted $0.45 EPS. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. Sally Beauty has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Canaccord Genuity Group boosted their price target on shares of Sally Beauty from $15.00 to $19.00 and gave the company a “buy” rating in a report on Monday, September 15th. Wall Street Zen lowered shares of Sally Beauty from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Cowen reissued a “buy” rating on shares of Sally Beauty in a report on Thursday, September 4th. Zacks Research raised shares of Sally Beauty from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. Finally, TD Cowen boosted their price target on shares of Sally Beauty from $13.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $13.88.

Insider Activity

In other news, CEO Denise Paulonis bought 4,500 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were bought at an average cost of $11.74 per share, with a total value of $52,830.00. Following the acquisition, the chief executive officer owned 366,865 shares in the company, valued at $4,306,995.10. This trade represents a 1.24% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Diana Sue Ferguson bought 2,500 shares of the company’s stock in a transaction dated Thursday, August 7th. The stock was purchased at an average cost of $12.02 per share, for a total transaction of $30,050.00. Following the completion of the acquisition, the director owned 7,912 shares in the company, valued at $95,102.24. This trade represents a 46.19% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 10,500 shares of company stock valued at $132,125. 1.56% of the stock is owned by company insiders.

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.