Bronte Capital Management Pty Ltd. Has $11.87 Million Holdings in Sally Beauty Holdings, Inc. $SBH

Bronte Capital Management Pty Ltd. grew its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH) by 14.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,281,935 shares of the specialty retailer’s stock after purchasing an additional 159,869 shares during the quarter. Sally Beauty comprises about 2.5% of Bronte Capital Management Pty Ltd.’s investment portfolio, making the stock its 7th largest position. Bronte Capital Management Pty Ltd. owned 1.30% of Sally Beauty worth $11,871,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SBH. CWM LLC lifted its position in Sally Beauty by 123.7% during the 1st quarter. CWM LLC now owns 8,949 shares of the specialty retailer’s stock worth $81,000 after buying an additional 4,948 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Sally Beauty during the first quarter worth approximately $100,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Sally Beauty during the second quarter valued at approximately $111,000. Savant Capital LLC acquired a new stake in shares of Sally Beauty in the second quarter valued at approximately $115,000. Finally, GAMMA Investing LLC raised its position in Sally Beauty by 170.5% in the 2nd quarter. GAMMA Investing LLC now owns 12,746 shares of the specialty retailer’s stock worth $118,000 after purchasing an additional 8,034 shares during the last quarter.

Sally Beauty Price Performance

Shares of SBH opened at $14.00 on Thursday. The stock has a market cap of $1.37 billion, a P/E ratio of 7.53 and a beta of 1.33. Sally Beauty Holdings, Inc. has a 1 year low of $7.54 and a 1 year high of $17.40. The stock’s 50-day moving average price is $15.08 and its two-hundred day moving average price is $12.08. The company has a current ratio of 2.41, a quick ratio of 0.49 and a debt-to-equity ratio of 1.16.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Thursday, November 13th. The specialty retailer reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.06. The business had revenue of $947.08 million for the quarter, compared to the consensus estimate of $932.88 million. Sally Beauty had a net margin of 5.26% and a return on equity of 28.11%. Sally Beauty’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the company posted $0.50 EPS. Sally Beauty has set its FY 2026 guidance at 2.090-2.090 EPS. Q1 2026 guidance at 0.430-0.470 EPS. On average, equities analysts predict that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on SBH shares. TD Cowen increased their price objective on Sally Beauty from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, September 4th. Jefferies Financial Group raised their price target on Sally Beauty from $12.80 to $14.50 and gave the company a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sally Beauty in a report on Tuesday, October 14th. Cowen restated a “buy” rating on shares of Sally Beauty in a research report on Thursday, September 4th. Finally, Morgan Stanley lifted their price target on shares of Sally Beauty from $10.00 to $13.00 and gave the stock an “underweight” rating in a research report on Friday, November 14th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $14.60.

Insider Buying and Selling at Sally Beauty

In other news, Director Max R. Rangel purchased 3,500 shares of Sally Beauty stock in a transaction dated Thursday, September 4th. The shares were bought at an average cost of $14.07 per share, with a total value of $49,245.00. Following the completion of the transaction, the director directly owned 3,500 shares in the company, valued at $49,245. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.56% of the stock is currently owned by corporate 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.