Bronte Capital Management Pty Ltd. Decreases Stock Holdings in Sally Beauty Holdings, Inc. $SBH

Bronte Capital Management Pty Ltd. trimmed its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 70.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 220,737 shares of the specialty retailer’s stock after selling 516,513 shares during the quarter. Bronte Capital Management Pty Ltd.’s holdings in Sally Beauty were worth $3,057,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SBH. SG Americas Securities LLC increased its holdings in Sally Beauty by 864.1% during the 4th quarter. SG Americas Securities LLC now owns 83,189 shares of the specialty retailer’s stock valued at $1,186,000 after purchasing an additional 74,560 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its position in Sally Beauty by 45.4% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 404,212 shares of the specialty retailer’s stock valued at $5,771,000 after purchasing an additional 126,286 shares during the last quarter. LSV Asset Management lifted its holdings in 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 buying an additional 433,855 shares during the period. American Century Companies Inc. lifted its holdings in Sally Beauty by 174.4% in the 3rd quarter. American Century Companies Inc. now owns 1,660,831 shares of the specialty retailer’s stock worth $27,038,000 after buying an additional 1,055,669 shares during the period. Finally, Mangrove Partners IM LLC bought a new stake in shares of Sally Beauty in the 3rd quarter worth approximately $1,254,000.

Insiders Place Their Bets

In related news, CFO Marlo Michelle Cormier Platz sold 42,771 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $12.70, for a total value of $543,191.70. Following the sale, the chief financial officer directly owned 138,145 shares of the company’s stock, valued at $1,754,441.50. This represents a 23.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SBH shares. Weiss Ratings cut Sally Beauty from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Morgan Stanley dropped their price target on Sally Beauty from $16.00 to $13.00 and set an “underweight” rating for the company in a research note on Tuesday, May 12th. TD Cowen cut their price target on shares of Sally Beauty from $20.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Finally, Wall Street Zen raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $17.00.

Sally Beauty Stock Performance

Sally Beauty stock opened at $14.15 on Friday. Sally Beauty Holdings, Inc. has a fifty-two week low of $9.34 and a fifty-two week high of $17.92. The stock’s 50 day simple moving average is $13.34 and its two-hundred day simple moving average is $14.42. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.55 and a current ratio of 2.34. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 7.82 and a beta of 1.02.

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, topping the consensus estimate of $0.41 by $0.03. The firm had revenue of $903.38 million during the quarter, compared to analyst estimates of $901.42 million. Sally Beauty had a return on equity of 24.95% and a net margin of 4.93%.The business’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 EPS. Sally Beauty has set its Q3 2026 guidance at 0.520-0.560 EPS. As a group, analysts expect that Sally Beauty Holdings, Inc. will post 2.06 earnings per share for the current fiscal year.

About Sally Beauty

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.