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

Bronte Capital Management Pty Ltd. decreased its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH) by 31.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 737,250 shares of the specialty retailer’s stock after selling 343,945 shares during the period. Sally Beauty makes up 1.1% of Bronte Capital Management Pty Ltd.’s investment portfolio, making the stock its 18th largest position. Bronte Capital Management Pty Ltd.’s holdings in Sally Beauty were worth $10,513,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SBH. Schroder Investment Management Group purchased a new position in Sally Beauty during the third quarter valued at approximately $160,495,000. Wasatch Advisors LP purchased a new position in Sally Beauty during the third quarter valued at approximately $74,842,000. American Century Companies Inc. grew its stake in Sally Beauty by 174.4% during the third quarter. American Century Companies Inc. now owns 1,660,831 shares of the specialty retailer’s stock valued at $27,038,000 after acquiring an additional 1,055,669 shares in the last quarter. Millennium Management LLC grew its stake in Sally Beauty by 126.7% during the third quarter. Millennium Management LLC now owns 1,058,358 shares of the specialty retailer’s stock valued at $17,230,000 after acquiring an additional 591,426 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in Sally Beauty by 12,241.2% during the third quarter. Raymond James Financial Inc. now owns 449,468 shares of the specialty retailer’s stock valued at $7,317,000 after acquiring an additional 445,826 shares in the last quarter.

Sally Beauty Price Performance

SBH stock opened at $13.75 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.37 and a quick ratio of 0.57. Sally Beauty Holdings, Inc. has a one year low of $7.89 and a one year high of $17.92. The stock has a market cap of $1.33 billion, a PE ratio of 7.81 and a beta of 1.07. The firm has a 50 day simple moving average of $14.45 and a two-hundred day simple moving average of $14.98.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Monday, February 9th. The specialty retailer reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. Sally Beauty had a net margin of 4.87% and a return on equity of 26.07%. The business had revenue of $943.17 million during the quarter, compared to analysts’ expectations of $939.63 million. During the same quarter in the previous year, the company earned $0.43 EPS. The business’s quarterly revenue was up .6% compared to the same quarter last year. Sally Beauty has set its FY 2026 guidance at 2.020-2.100 EPS and its Q2 2026 guidance at 0.390-0.420 EPS. On average, analysts predict that Sally Beauty Holdings, Inc. will post 2.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on SBH. Wall Street Zen raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Tuesday, March 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sally Beauty in a research note on Friday, January 9th. Canaccord Genuity Group boosted their price objective on shares of Sally Beauty from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. TD Cowen boosted their price objective on shares of Sally Beauty from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Finally, Morgan Stanley boosted their price objective on shares of Sally Beauty from $14.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, February 10th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $17.80.

Sally Beauty 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.