Sally Beauty (NYSE:SBH) CFO Marlo Michelle Cormier Platz Sells 42,771 Shares

Sally Beauty Holdings, Inc. (NYSE:SBH) CFO Marlo Michelle Cormier Platz sold 42,771 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $12.70, for a total value of $543,191.70. Following the completion of the transaction, the chief financial officer directly owned 138,145 shares of the company’s stock, valued at $1,754,441.50. The trade was a 23.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Sally Beauty Price Performance

NYSE SBH traded up $0.35 during trading hours on Tuesday, reaching $13.04. The company’s stock had a trading volume of 1,319,154 shares, compared to its average volume of 1,601,938. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 7.21 and a beta of 1.04. Sally Beauty Holdings, Inc. has a 1-year low of $8.45 and a 1-year high of $17.92. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.34 and a quick ratio of 0.55. The company’s 50-day moving average is $13.40 and its two-hundred day moving average is $14.65.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Monday, May 11th. The specialty retailer reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $903.38 million during the quarter, compared to analysts’ expectations of $901.43 million. Sally Beauty had a return on equity of 24.95% and a net margin of 4.93%.Sally Beauty’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 EPS. Sally Beauty has set its Q3 2026 guidance at 0.520-0.560 EPS. On average, equities analysts predict that Sally Beauty Holdings, Inc. will post 2.06 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Morgan Stanley reduced their price target on Sally Beauty from $16.00 to $13.00 and set an “underweight” rating for the company in a report on Tuesday, May 12th. Canaccord Genuity Group upped their price target on Sally Beauty from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Wall Street Zen cut Sally Beauty from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Weiss Ratings raised Sally Beauty from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Finally, TD Cowen reduced their target price on Sally Beauty from $20.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $17.00.

Hedge Funds Weigh In On Sally Beauty

A number of hedge funds have recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in shares of Sally Beauty by 16.4% during the first quarter. Bank of America Corp DE now owns 384,663 shares of the specialty retailer’s stock valued at $5,328,000 after acquiring an additional 54,205 shares during the last quarter. Amundi acquired a new position in shares of Sally Beauty during the first quarter valued at approximately $258,000. California State Teachers Retirement System raised its holdings in shares of Sally Beauty by 33.9% during the first quarter. California State Teachers Retirement System now owns 121,394 shares of the specialty retailer’s stock valued at $1,681,000 after acquiring an additional 30,728 shares during the last quarter. Empowered Funds LLC grew its position in shares of Sally Beauty by 3.9% in the first quarter. Empowered Funds LLC now owns 481,123 shares of the specialty retailer’s stock valued at $6,664,000 after purchasing an additional 17,996 shares in the last quarter. Finally, Quantinno Capital Management LP grew its position in shares of Sally Beauty by 32.9% in the first quarter. Quantinno Capital Management LP now owns 62,586 shares of the specialty retailer’s stock valued at $867,000 after purchasing an additional 15,506 shares in the last quarter.

Sally Beauty Company Profile

Sally Beauty Holdings, Inc is a leading global specialty retailer and distributor of professional beauty supplies, serving both retail customers and salon professionals. The company operates two primary channels: Sally Beauty Supply, which offers a broad assortment of hair color, hair care, styling, and skincare products; and Beauty Systems Group (BSG), which provides salon-quality products and supplies to professional stylists and salon owners. With a focus on catering to diverse customer needs, Sally Beauty offers well-known brands alongside private label lines, positioning itself as a one-stop source for beauty professionals and enthusiasts alike.

Founded in 1964 and headquartered in Denton, Texas, Sally Beauty has grown through a combination of organic expansion and strategic acquisitions.