Fisher Asset Management LLC Lowers Stock Position in Sally Beauty Holdings, Inc. $SBH

Fisher Asset Management LLC trimmed its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 5.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,542,904 shares of the specialty retailer’s stock after selling 240,345 shares during the period. Fisher Asset Management LLC owned about 4.59% of Sally Beauty worth $42,067,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Invenomic Capital Management LP increased its holdings in 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 purchasing an additional 1,163,619 shares during the last quarter. Nuveen LLC purchased a new position in shares of Sally Beauty during the first quarter worth $8,600,000. Ranmore Fund Management Ltd grew its stake in shares of Sally Beauty by 54.6% in the second quarter. Ranmore Fund Management Ltd now owns 2,196,020 shares of the specialty retailer’s stock valued at $20,335,000 after buying an additional 776,020 shares in the last quarter. Access Investment Management LLC acquired a new stake in shares of Sally Beauty in the second quarter valued at $5,207,000. Finally, Vanguard Group Inc. raised its holdings in shares of Sally Beauty by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 12,974,982 shares of the specialty retailer’s stock valued at $117,164,000 after buying an additional 546,267 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SBH. Morgan Stanley raised their target price on Sally Beauty from $10.00 to $13.00 and gave the company an “underweight” rating in a report on Friday, November 14th. Canaccord Genuity Group raised their price objective on shares of Sally Beauty from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Cowen reaffirmed a “buy” rating on shares of Sally Beauty in a research note on Thursday, September 4th. Zacks Research cut shares of Sally Beauty from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Finally, Wall Street Zen upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $14.60.

Insider Activity

In other Sally Beauty news, Director Max R. Rangel acquired 3,500 shares of the company’s stock in a transaction dated Thursday, September 4th. The shares were acquired at an average price of $14.07 per share, for a total transaction of $49,245.00. Following the acquisition, the director owned 3,500 shares in the company, valued at $49,245. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.56% of the company’s stock.

Sally Beauty Trading Down 2.4%

NYSE SBH opened at $15.85 on Wednesday. Sally Beauty Holdings, Inc. has a 52 week low of $7.54 and a 52 week high of $17.40. The firm has a 50 day moving average of $15.15 and a two-hundred day moving average of $12.55. The company has a quick ratio of 0.49, a current ratio of 2.41 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $1.54 billion, a PE ratio of 8.52 and a beta of 1.33.

Sally Beauty (NYSE:SBH) last released its quarterly earnings data on Thursday, November 13th. The specialty retailer reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.06. The business had revenue of $947.08 million during the quarter, compared to analysts’ expectations of $932.88 million. Sally Beauty had a net margin of 5.26% and a return on equity of 28.11%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 EPS. Sally Beauty has set its FY 2026 guidance at 2.090-2.090 EPS and its Q1 2026 guidance at 0.430-0.470 EPS. As a group, research analysts expect that Sally Beauty Holdings, Inc. will post 1.81 EPS 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.