VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Stake in Sally Beauty Holdings, Inc. $SBH

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 108,600 shares of the specialty retailer’s stock, valued at approximately $1,536,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SBH. BlackRock Inc. bought a new stake in shares of Sally Beauty during the second quarter worth approximately $223,172,000. Dimensional Fund Advisors LP boosted its stake in Sally Beauty by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,871,979 shares of the specialty retailer’s stock valued at $81,323,000 after purchasing an additional 202,020 shares during the period. State Street Corp boosted its stake in Sally Beauty by 4.4% in the 4th quarter. State Street Corp now owns 4,606,736 shares of the specialty retailer’s stock valued at $65,692,000 after purchasing an additional 192,560 shares during the period. Wasatch Advisors LP acquired a new position in Sally Beauty in the 3rd quarter valued at $74,842,000. Finally, Goldman Sachs Group Inc. increased its position in Sally Beauty by 46.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,981,998 shares of the specialty retailer’s stock worth $56,783,000 after buying an additional 1,254,125 shares during the period.

Sally Beauty Trading Up 1.3%

Shares of Sally Beauty stock opened at $16.01 on Friday. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 8.34 and a beta of 1.05. The company has a quick ratio of 0.57, a current ratio of 2.37 and a debt-to-equity ratio of 0.92. Sally Beauty Holdings, Inc. has a 12-month low of $11.54 and a 12-month high of $17.92. The firm’s 50-day moving average price is $15.78 and its two-hundred day moving average price is $14.52.

Sally Beauty (NYSE:SBH) last released its earnings results on Monday, August 3rd. The specialty retailer reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. The firm had revenue of $935.49 million for the quarter, compared to analyst estimates of $938.45 million. Sally Beauty had a net margin of 5.16% and a return on equity of 24.36%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. Sally Beauty has set its FY 2026 guidance at 2.040-2.080 EPS. On average, analysts forecast that Sally Beauty Holdings, Inc. will post 2.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SBH shares. TD Cowen lifted their target price on Sally Beauty from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Wall Street Zen downgraded shares of Sally Beauty from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings raised shares of Sally Beauty from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. Three 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $17.40.

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.