Sally Beauty Holdings, Inc. $SBH Shares Bought by Invesco Ltd.

Invesco Ltd. grew its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 3.6% in the first quarter, Holdings Channel.com reports. The fund owned 1,469,926 shares of the specialty retailer’s stock after purchasing an additional 51,461 shares during the period. Invesco Ltd.’s holdings in Sally Beauty were worth $13,273,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SBH. Golden State Wealth Management LLC lifted its position in shares of Sally Beauty by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 1,735 shares during the period. Parallel Advisors LLC lifted its position in shares of Sally Beauty by 536.4% during the 1st quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 3,304 shares during the period. GAMMA Investing LLC lifted its position in shares of Sally Beauty by 820.3% during the 1st quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer’s stock valued at $43,000 after acquiring an additional 4,200 shares during the period. CWM LLC lifted its position in shares of Sally Beauty by 123.7% during the 1st quarter. CWM LLC now owns 8,949 shares of the specialty retailer’s stock valued at $81,000 after acquiring an additional 4,948 shares during the period. Finally, Quarry LP lifted its position in shares of Sally Beauty by 302.2% during the 4th quarter. Quarry LP now owns 11,986 shares of the specialty retailer’s stock valued at $125,000 after acquiring an additional 9,006 shares during the period.

Sally Beauty Stock Up 3.1%

SBH stock opened at $13.5890 on Friday. The company’s 50 day simple moving average is $10.49 and its 200-day simple moving average is $9.40. The firm has a market capitalization of $1.34 billion, a PE ratio of 7.31 and a beta of 1.30. Sally Beauty Holdings, Inc. has a 12 month low of $7.54 and a 12 month high of $14.79. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.41 and a quick ratio of 0.49.

Sally Beauty (NYSE:SBH) last released 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 business had revenue of $933.31 million for the quarter, compared to analyst estimates of $928.78 million. Sally Beauty had a net margin of 5.26% and a return on equity of 28.11%. The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 earnings per share. Sally Beauty has set its FY 2025 guidance at EPS. Equities analysts expect that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

SBH has been the subject of a number of research reports. Wall Street Zen downgraded shares of Sally Beauty from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Canaccord Genuity Group lifted their price target on shares of Sally Beauty from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.88.

Insider Activity at Sally Beauty

In other news, Director Diana Sue Ferguson acquired 2,500 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was acquired at an average price of $12.02 per share, with a total value of $30,050.00. Following the completion of the transaction, the director directly owned 7,912 shares in the company, valued at approximately $95,102.24. This represents a 46.19% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Denise Paulonis acquired 4,500 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was purchased at an average cost of $11.74 per share, with a total value of $52,830.00. Following the transaction, the chief executive officer owned 366,865 shares of the company’s stock, valued at approximately $4,306,995.10. The trade was a 1.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.56% of the stock is owned by corporate insiders.

About Sally Beauty

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.