Sally Beauty Holdings, Inc. $SBH Stock Holdings Reduced by Lazard Asset Management LLC

Lazard Asset Management LLC reduced its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 61.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 323,501 shares of the specialty retailer’s stock after selling 517,038 shares during the quarter. Lazard Asset Management LLC’s holdings in Sally Beauty were worth $4,480,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mariner LLC lifted its holdings in shares of Sally Beauty by 6.1% during the 4th quarter. Mariner LLC now owns 15,400 shares of the specialty retailer’s stock valued at $220,000 after buying an additional 890 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Sally Beauty by 0.6% in the 4th quarter. Russell Investments Group Ltd. now owns 183,249 shares of the specialty retailer’s stock valued at $2,613,000 after buying an additional 1,081 shares in the last quarter. B. Metzler seel. Sohn & Co. AG increased its holdings in Sally Beauty by 1.7% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 89,257 shares of the specialty retailer’s stock worth $1,273,000 after buying an additional 1,477 shares during the last quarter. CWM LLC increased its holdings in Sally Beauty by 11.3% in the fourth quarter. CWM LLC now owns 14,693 shares of the specialty retailer’s stock worth $210,000 after buying an additional 1,490 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in Sally Beauty by 392.5% during the third quarter. Larson Financial Group LLC now owns 1,906 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 1,519 shares in the last quarter.

Sally Beauty Stock Performance

Shares of NYSE SBH opened at $14.94 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.55 and a current ratio of 2.34. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 8.25 and a beta of 1.02. The business’s 50-day simple moving average is $13.95 and its 200-day simple moving average is $14.40. Sally Beauty Holdings, Inc. has a 52 week low of $9.36 and a 52 week high of $17.92.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Monday, May 11th. The specialty retailer reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Sally Beauty had a return on equity of 24.95% and a net margin of 4.93%.The business had revenue of $903.38 million for the quarter, compared to the consensus estimate of $901.42 million. During the same period last year, the business earned $0.42 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. Sally Beauty has set its Q3 2026 guidance at 0.520-0.560 EPS. As a group, equities research analysts expect that Sally Beauty Holdings, Inc. will post 2.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sally Beauty news, CFO Marlo Michelle Cormier Platz sold 42,771 shares of the 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 owned 138,145 shares in the company, valued at $1,754,441.50. This trade represents a 23.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SBH has been the subject of a number of analyst reports. TD Cowen reduced their target price on shares of Sally Beauty from $20.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Weiss Ratings upgraded shares of Sally Beauty from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Morgan Stanley cut their price target on shares of Sally Beauty from $16.00 to $13.00 and set an “underweight” rating on the stock in a report on Tuesday, May 12th. Finally, Wall Street Zen raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $17.00.

Sally Beauty Company 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.