Denali Advisors LLC Acquires Shares of 58,455 Sally Beauty Holdings, Inc. $SBH

Denali Advisors LLC bought a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 58,455 shares of the specialty retailer’s stock, valued at approximately $827,000. Denali Advisors LLC owned about 0.06% of Sally Beauty as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in SBH. Royal Bank of Canada grew its holdings in shares of Sally Beauty by 150,390.9% during the first quarter. Royal Bank of Canada now owns 33,108 shares of the specialty retailer’s stock worth $299,000 after buying an additional 33,086 shares during the last quarter. AQR Capital Management LLC raised its stake in Sally Beauty by 53.7% during the 1st quarter. AQR Capital Management LLC now owns 476,966 shares of the specialty retailer’s stock valued at $4,188,000 after acquiring an additional 166,637 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Sally Beauty by 3.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,595 shares of the specialty retailer’s stock worth $547,000 after acquiring an additional 2,026 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Sally Beauty by 10.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 324,906 shares of the specialty retailer’s stock worth $2,934,000 after acquiring an additional 31,040 shares during the period. Finally, Hsbc Holdings PLC lifted its position in Sally Beauty by 11.5% during the 2nd quarter. Hsbc Holdings PLC now owns 57,640 shares of the specialty retailer’s stock worth $530,000 after acquiring an additional 5,956 shares during the period.

Sally Beauty Price Performance

Shares of NYSE:SBH opened at $16.22 on Friday. Sally Beauty Holdings, Inc. has a 52 week low of $11.54 and a 52 week high of $17.92. The company has a 50-day moving average price of $14.97 and a 200 day moving average price of $14.48. The company has a market cap of $1.52 billion, a P/E ratio of 8.45 and a beta of 1.03. 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 (NYSE:SBH) last released its earnings results on Monday, August 3rd. The specialty retailer reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. The company had revenue of $935.49 million for the quarter, compared to analysts’ expectations of $938.45 million. Sally Beauty had a return on equity of 24.36% and a net margin of 5.16%.The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 EPS. Sally Beauty has set its FY 2026 guidance at 2.040-2.080 EPS. Research analysts predict that Sally Beauty Holdings, Inc. will post 2.07 earnings per share for the current year.

Insider Buying and Selling at Sally Beauty

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 transaction of $543,191.70. Following the transaction, the chief financial officer 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 legal filing with the SEC, which is available at this link. 2.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SBH. TD Cowen boosted their target price on Sally Beauty from $17.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Weiss Ratings raised Sally Beauty from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. Morgan Stanley lowered their price objective on shares of Sally Beauty from $16.00 to $13.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 12th. Finally, Wall Street Zen cut shares of Sally Beauty from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sally Beauty currently has a consensus rating of “Hold” and an average target price of $17.40.

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.