State of Wyoming Takes $478,000 Position in Sally Beauty Holdings, Inc. $SBH

State of Wyoming acquired a new position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,793 shares of the specialty retailer’s stock, valued at approximately $478,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SBH. Mariner LLC lifted its position in Sally Beauty by 6.1% in the 4th quarter. Mariner LLC now owns 15,400 shares of the specialty retailer’s stock valued at $220,000 after acquiring an additional 890 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Sally Beauty by 0.6% in the 4th quarter. Russell Investments Group Ltd. now owns 183,249 shares of the specialty retailer’s stock worth $2,613,000 after purchasing an additional 1,081 shares during the period. Versant Capital Management Inc increased its holdings in Sally Beauty by 27.2% during the 2nd quarter. Versant Capital Management Inc now owns 5,096 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 1,089 shares in the last quarter. B. Metzler seel. Sohn & Co. AG increased its holdings in Sally Beauty by 1.7% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 89,257 shares of the specialty retailer’s stock worth $1,273,000 after purchasing an additional 1,477 shares in the last quarter. Finally, CWM LLC raised its stake in shares of Sally Beauty by 11.3% in the 4th quarter. CWM LLC now owns 14,693 shares of the specialty retailer’s stock valued at $210,000 after purchasing an additional 1,490 shares during the period.

Insider Activity at Sally Beauty

In related news, CFO Marlo Michelle Cormier Platz sold 42,771 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $12.70, for a total transaction of $543,191.70. Following the transaction, the chief financial officer directly owned 138,145 shares of the company’s stock, valued at approximately $1,754,441.50. The trade was a 23.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. TD Cowen upped their price objective on Sally Beauty from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Weiss Ratings raised Sally Beauty from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. Morgan Stanley cut their target price on Sally Beauty from $16.00 to $13.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 12th. Finally, Wall Street Zen downgraded Sally Beauty from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.40.

Sally Beauty Stock Down 1.2%

Shares of SBH stock opened at $16.23 on Tuesday. Sally Beauty Holdings, Inc. has a 52-week low of $11.54 and a 52-week high of $17.92. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 8.45 and a beta of 1.03. The firm’s 50-day moving average is $14.78 and its 200-day moving average is $14.45. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.57 and a current ratio of 2.37.

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

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.