Vanguard Group Inc. Lowers Holdings in Sally Beauty Holdings, Inc. $SBH

Vanguard Group Inc. lessened its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,349,720 shares of the specialty retailer’s stock after selling 134,359 shares during the quarter. Vanguard Group Inc. owned approximately 0.12% of Sally Beauty worth $161,847,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SBH. Royal Bank of Canada grew its position in 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 valued at $299,000 after buying an additional 33,086 shares during the period. AQR Capital Management LLC grew its position in Sally Beauty by 53.7% during the first quarter. AQR Capital Management LLC now owns 476,966 shares of the specialty retailer’s stock valued at $4,188,000 after buying an additional 166,637 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Sally Beauty by 3.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,595 shares of the specialty retailer’s stock valued at $547,000 after buying an additional 2,026 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Sally Beauty by 10.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 324,906 shares of the specialty retailer’s stock valued at $2,934,000 after buying an additional 31,040 shares during the period. Finally, Hsbc Holdings PLC grew its position in Sally Beauty by 11.5% during the second quarter. Hsbc Holdings PLC now owns 57,640 shares of the specialty retailer’s stock valued at $530,000 after buying an additional 5,956 shares during the period.

Sally Beauty Price Performance

Shares of SBH stock opened at $14.05 on Monday. The firm’s 50-day moving average is $14.36 and its two-hundred day moving average is $14.97. The company has a market capitalization of $1.36 billion, a PE ratio of 7.98 and a beta of 1.07. Sally Beauty Holdings, Inc. has a 12 month low of $8.14 and a 12 month high of $17.92. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.37 and a quick ratio of 0.57.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Monday, February 9th. The specialty retailer reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Sally Beauty had a net margin of 4.87% and a return on equity of 26.07%. The business had revenue of $943.17 million for the quarter, compared to the consensus estimate of $939.63 million. During the same period in the previous year, the firm earned $0.43 EPS. The business’s revenue was up .6% on a year-over-year basis. Analysts predict that Sally Beauty Holdings, Inc. will post 2.07 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on SBH. Jefferies Financial Group restated a “hold” rating and set a $16.00 price target on shares of Sally Beauty in a research report on Wednesday, January 14th. TD Cowen lifted their target price on shares of Sally Beauty from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Canaccord Genuity Group lifted their target price on shares of Sally Beauty from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Morgan Stanley lifted their target price on shares of Sally Beauty from $14.00 to $16.00 and gave the company an “underweight” rating in a research report on Tuesday, February 10th. Finally, Wall Street Zen upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research report on Tuesday, March 10th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $17.80.

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.