Hsbc Holdings PLC Acquires New Stake in Sally Beauty Holdings, Inc. $SBH

by · The Markets Daily

Hsbc Holdings PLC bought a new position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 295,219 shares of the specialty retailer’s stock, valued at approximately $4,166,000.

Other large investors have also recently made changes to their positions in the company. LSV Asset Management increased its stake in Sally Beauty by 12.9% in the 4th quarter. LSV Asset Management now owns 3,793,195 shares of the specialty retailer’s stock worth $54,091,000 after buying an additional 433,855 shares during the period. BlackRock Inc. purchased a new stake in Sally Beauty in the 2nd quarter valued at about $223,172,000. Dimensional Fund Advisors LP grew its stake in Sally Beauty by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,871,979 shares of the specialty retailer’s stock worth $81,323,000 after acquiring an additional 202,020 shares in the last quarter. Sei Investments Co. grew its stake in Sally Beauty by 52.3% in the 1st quarter. Sei Investments Co. now owns 200,280 shares of the specialty retailer’s stock worth $2,774,000 after acquiring an additional 68,754 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Sally Beauty by 43.9% in the first quarter. First Trust Advisors LP now owns 289,744 shares of the specialty retailer’s stock worth $4,013,000 after purchasing an additional 88,325 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Report on SBH

Sally Beauty Trading Up 1.2%

Shares of Sally Beauty stock opened at $16.62 on Friday. The firm has a fifty day moving average price of $15.32 and a 200 day moving average price of $14.49. The stock has a market cap of $1.56 billion, a PE ratio of 8.66 and a beta of 1.03. Sally Beauty Holdings, Inc. has a 1 year low of $11.54 and a 1 year high of $17.92. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.37 and a quick ratio of 0.57.

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

Insider Transactions at Sally Beauty

In other Sally Beauty news, CFO Marlo Michelle Cormier Platz sold 42,771 shares of the firm’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 value of $543,191.70. Following the sale, the chief financial officer directly owned 138,145 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

About Sally Beauty

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SBH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sally Beauty Holdings, Inc. (NYSE:SBH – Free Report).