Connor Clark & Lunn Investment Management Ltd. Invests $719,000 in Sally Beauty Holdings, Inc. $SBH

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 77,642 shares of the specialty retailer’s stock, valued at approximately $719,000.

Several other large investors have also added to or reduced their stakes in the business. New York State Common Retirement Fund lifted its stake in Sally Beauty by 10.1% in the first quarter. New York State Common Retirement Fund now owns 257,628 shares of the specialty retailer’s stock valued at $2,326,000 after buying an additional 23,623 shares during the period. CWM LLC grew its position in shares of Sally Beauty by 123.7% during the 1st quarter. CWM LLC now owns 8,949 shares of the specialty retailer’s stock worth $81,000 after buying an additional 4,948 shares during the period. Allianz Asset Management GmbH increased its stake in shares of Sally Beauty by 32.5% in the 1st quarter. Allianz Asset Management GmbH now owns 909,204 shares of the specialty retailer’s stock valued at $8,210,000 after acquiring an additional 223,257 shares in the last quarter. Readystate Asset Management LP acquired a new position in shares of Sally Beauty during the 1st quarter valued at $1,676,000. Finally, TradeLink Capital LLC bought a new position in Sally Beauty during the first quarter worth $136,000.

Insider Transactions at Sally Beauty

In other news, Director Max R. Rangel bought 3,500 shares of Sally Beauty stock in a transaction dated Thursday, September 4th. The stock was purchased at an average price of $14.07 per share, for a total transaction of $49,245.00. Following the purchase, the director directly owned 3,500 shares in the company, valued at $49,245. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.56% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on SBH shares. Jefferies Financial Group lifted their price target on shares of Sally Beauty from $12.80 to $14.50 and gave the company a “hold” rating in a research note on Tuesday, October 28th. Wall Street Zen raised Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. TD Cowen raised their price objective on Sally Beauty from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, September 4th. Canaccord Genuity Group boosted their price objective on Sally Beauty from $15.00 to $19.00 and gave the company a “buy” rating in a report on Monday, September 15th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sally Beauty in a research report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $14.60.

Sally Beauty Price Performance

SBH stock opened at $14.65 on Wednesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.49 and a current ratio of 2.41. The business has a 50-day simple moving average of $15.09 and a two-hundred day simple moving average of $12.07. The company has a market capitalization of $1.43 billion, a P/E ratio of 7.88 and a beta of 1.33. Sally Beauty Holdings, Inc. has a 52-week low of $7.54 and a 52-week high of $17.40.

Sally Beauty (NYSE:SBH) last posted its earnings results on Thursday, November 13th. The specialty retailer reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.06. Sally Beauty had a return on equity of 28.11% and a net margin of 5.26%.The company had revenue of $947.08 million for the quarter, compared to analyst estimates of $932.88 million. During the same quarter last year, the company earned $0.50 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. Sally Beauty has set its FY 2026 guidance at 2.090-2.090 EPS. Q1 2026 guidance at 0.430-0.470 EPS. Research analysts expect that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

About Sally Beauty

Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.