Wasatch Advisors LP Sells 536,329 Shares of Sally Beauty Holdings, Inc. $SBH

Wasatch Advisors LP cut its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 13.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,393,739 shares of the specialty retailer’s stock after selling 536,329 shares during the period. Wasatch Advisors LP’s holdings in Sally Beauty were worth $47,003,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Schroder Investment Management Group bought a new position in Sally Beauty in the third quarter worth approximately $160,495,000. Dimensional Fund Advisors LP increased its holdings in shares of Sally Beauty by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,669,959 shares of the specialty retailer’s stock valued at $80,855,000 after acquiring an additional 122,635 shares in the last quarter. State Street Corp raised its position in shares of Sally Beauty by 4.4% during the fourth quarter. State Street Corp now owns 4,606,736 shares of the specialty retailer’s stock worth $65,692,000 after purchasing an additional 192,560 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Sally Beauty by 46.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,981,998 shares of the specialty retailer’s stock worth $56,783,000 after purchasing an additional 1,254,125 shares during the period. Finally, LSV Asset Management lifted its holdings in shares of Sally Beauty by 12.9% in the 4th quarter. LSV Asset Management now owns 3,793,195 shares of the specialty retailer’s stock worth $54,091,000 after purchasing an additional 433,855 shares in the last quarter.

Sally Beauty Stock Up 2.1%

SBH stock opened at $14.44 on Friday. Sally Beauty Holdings, Inc. has a twelve month low of $8.90 and a twelve month high of $17.92. The company has a quick ratio of 0.55, a current ratio of 2.34 and a debt-to-equity ratio of 0.98. The stock’s 50 day moving average is $13.37 and its 200-day moving average is $14.46. The firm has a market capitalization of $1.38 billion, a PE ratio of 7.98 and a beta of 1.04.

Sally Beauty (NYSE:SBH) last announced its earnings results on Monday, May 11th. The specialty retailer reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. Sally Beauty had a return on equity of 24.95% and a net margin of 4.93%.The company had revenue of $903.38 million for the quarter, compared to analysts’ expectations of $901.42 million. During the same quarter in the previous year, the firm earned $0.42 earnings per share. Sally Beauty’s quarterly revenue was up 2.3% on a year-over-year basis. Sally Beauty has set its Q3 2026 guidance at 0.520-0.560 EPS. Sell-side analysts expect that Sally Beauty Holdings, Inc. will post 2.06 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sally Beauty news, CFO Marlo Michelle Cormier Platz sold 42,771 shares of Sally Beauty stock in a transaction on Monday, June 8th. The shares were sold at an average price of $12.70, for a total transaction of $543,191.70. Following 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

SBH has been the subject of several research reports. Morgan Stanley reduced their price target on shares of Sally Beauty from $16.00 to $13.00 and set an “underweight” rating for the company in a research report on Tuesday, May 12th. Weiss Ratings downgraded shares of Sally Beauty from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Wall Street Zen raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, TD Cowen reduced their price objective on shares of 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 issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $17.00.

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.