Cwm LLC Has $122,000 Holdings in Sally Beauty Holdings, Inc. $SBH

Cwm LLC grew its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 47.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,188 shares of the specialty retailer’s stock after purchasing an additional 4,239 shares during the period. Cwm LLC’s holdings in Sally Beauty were worth $122,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of Sally Beauty by 820.3% during the 1st quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer’s stock worth $43,000 after purchasing an additional 4,200 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Sally Beauty during the 1st quarter worth approximately $100,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Sally Beauty during the 2nd quarter worth approximately $111,000. Ieq Capital LLC acquired a new position in shares of Sally Beauty during the 1st quarter worth approximately $119,000. Finally, TradeLink Capital LLC acquired a new position in shares of Sally Beauty during the 1st quarter worth approximately $136,000.

Insider Buying and Selling

In other news, Director Diana Sue Ferguson bought 2,500 shares of the stock in a transaction that occurred on 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 purchase, 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 acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Denise Paulonis bought 4,500 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were purchased at an average cost of $11.74 per share, with a total value of $52,830.00. Following the purchase, the chief executive officer directly owned 366,865 shares of the company’s stock, valued at $4,306,995.10. The trade was a 1.24% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 10,500 shares of company stock valued at $132,125 over the last quarter. Insiders own 1.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SBH. Cowen reiterated a “buy” rating on shares of Sally Beauty in a research report on Thursday, September 4th. Wall Street Zen upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Canaccord Genuity Group increased their price target on shares of Sally Beauty from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Zacks Research lowered shares of Sally Beauty from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Finally, Jefferies Financial Group increased their price target on shares of Sally Beauty from $12.80 to $14.50 and gave the stock a “hold” rating in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $14.00.

Sally Beauty Stock Performance

Shares of Sally Beauty stock opened at $15.18 on Friday. The firm has a market capitalization of $1.50 billion, a P/E ratio of 8.16 and a beta of 1.34. The company’s 50 day moving average price is $15.04 and its two-hundred day moving average price is $11.49. 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 fifty-two week low of $7.54 and a fifty-two week high of $16.82.

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 analysts’ consensus estimates of $0.42 by $0.09. The company had revenue of $933.31 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the business earned $0.45 earnings per share. Sally Beauty has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal 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.