Access Investment Management LLC Invests $5.21 Million in Sally Beauty Holdings, Inc. $SBH

Access Investment Management LLC bought a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 562,305 shares of the specialty retailer’s stock, valued at approximately $5,207,000. Sally Beauty accounts for about 1.5% of Access Investment Management LLC’s portfolio, making the stock its 25th biggest holding. Access Investment Management LLC owned 0.56% of Sally Beauty at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Diversified Trust Co increased its holdings in shares of Sally Beauty by 4.0% during the second quarter. Diversified Trust Co now owns 28,756 shares of the specialty retailer’s stock valued at $266,000 after purchasing an additional 1,093 shares during the period. Rafferty Asset Management LLC increased its stake in Sally Beauty by 4.1% during the 1st quarter. Rafferty Asset Management LLC now owns 33,979 shares of the specialty retailer’s stock valued at $307,000 after buying an additional 1,350 shares during the period. SummerHaven Investment Management LLC increased its stake in Sally Beauty by 2.4% during the 2nd quarter. SummerHaven Investment Management LLC now owns 74,431 shares of the specialty retailer’s stock valued at $689,000 after buying an additional 1,741 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Sally Beauty by 3.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,595 shares of the specialty retailer’s stock worth $547,000 after acquiring an additional 2,026 shares during the period. Finally, Bank of Montreal Can boosted its holdings in shares of Sally Beauty by 10.8% in the second quarter. Bank of Montreal Can now owns 21,461 shares of the specialty retailer’s stock valued at $193,000 after acquiring an additional 2,093 shares in the last quarter.

Insider Transactions at Sally Beauty

In related news, Director Diana Sue Ferguson purchased 2,500 shares of the firm’s stock in a transaction on Thursday, August 7th. The shares were bought at an average cost of $12.02 per share, for a total transaction of $30,050.00. Following the transaction, the director directly owned 7,912 shares of the company’s stock, valued at approximately $95,102.24. This trade represents a 46.19% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Denise Paulonis acquired 4,500 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were bought at an average price of $11.74 per share, for a total transaction of $52,830.00. Following the acquisition, the chief executive officer owned 366,865 shares in the company, valued at approximately $4,306,995.10. This trade represents a 1.24% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 10,500 shares of company stock worth $132,125 over the last three months. 1.56% of the stock is currently owned by insiders.

Sally Beauty Stock Performance

SBH opened at $15.18 on Monday. The stock has a 50-day moving average of $15.04 and a 200-day moving average of $11.54. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.49 and a current ratio of 2.41. Sally Beauty Holdings, Inc. has a 52-week low of $7.54 and a 52-week high of $16.82. The company has a market cap of $1.50 billion, a PE ratio of 8.16 and a beta of 1.34.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Tuesday, August 5th. The specialty retailer reported $0.51 EPS for the quarter, beating the consensus estimate of $0.42 by $0.09. The company had revenue of $933.31 million for the quarter, compared to the consensus estimate of $928.78 million. Sally Beauty had a return on equity of 28.11% and a net margin of 5.26%.The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 earnings per share. Sally Beauty has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SBH shares. Canaccord Genuity Group increased their price target on Sally Beauty from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Wall Street Zen raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Jefferies Financial Group upped their price target on shares of Sally Beauty from $12.80 to $14.50 and gave the company a “hold” rating in a research report on Tuesday, October 28th. TD Cowen raised their price objective on shares of Sally Beauty from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, September 4th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Sally Beauty in a research note on Tuesday, October 14th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Sally Beauty has a consensus rating of “Hold” and a consensus price target of $14.00.

Sally Beauty 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.