Hsbc Holdings PLC Purchases Shares of 186,293 Sally Beauty Holdings, Inc. $SBH

Hsbc Holdings PLC acquired a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 186,293 shares of the specialty retailer’s stock, valued at approximately $2,587,000.

Several other large investors have also recently added to or reduced their stakes in SBH. Wasatch Advisors LP acquired a new stake in Sally Beauty in the 3rd quarter worth about $74,842,000. Goldman Sachs Group Inc. increased its holdings in Sally Beauty by 46.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,981,998 shares of the specialty retailer’s stock valued at $56,783,000 after buying an additional 1,254,125 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Sally Beauty by 1,333.4% during the 4th quarter. Lazard Asset Management LLC now owns 840,539 shares of the specialty retailer’s stock worth $11,986,000 after acquiring an additional 781,901 shares during the period. Millennium Management LLC increased its stake in Sally Beauty by 126.7% in the third quarter. Millennium Management LLC now owns 1,058,358 shares of the specialty retailer’s stock valued at $17,230,000 after acquiring an additional 591,426 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in Sally Beauty by 12,241.2% during the third quarter. Raymond James Financial Inc. now owns 449,468 shares of the specialty retailer’s stock valued at $7,317,000 after purchasing an additional 445,826 shares in the last quarter.

Insider Activity at Sally Beauty

In other 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Sally Beauty Price Performance

Shares of SBH opened at $14.62 on Friday. The business’s fifty day moving average is $13.66 and its 200 day moving average is $14.40. Sally Beauty Holdings, Inc. has a 12-month low of $9.36 and a 12-month high of $17.92. The company has a quick ratio of 0.55, a current ratio of 2.34 and a debt-to-equity ratio of 0.98. The stock has a market cap of $1.39 billion, a P/E ratio of 8.08 and a beta of 1.02.

Sally Beauty (NYSE:SBH) last released 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. The firm had revenue of $903.38 million for the quarter, compared to analyst estimates of $901.42 million. Sally Beauty had a net margin of 4.93% and a return on equity of 24.95%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm earned $0.42 earnings per share. Sally Beauty has set its Q3 2026 guidance at 0.520-0.560 EPS. Sell-side analysts anticipate that Sally Beauty Holdings, Inc. will post 2.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wall Street Zen raised Sally Beauty from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Weiss Ratings cut Sally Beauty from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. TD Cowen dropped their price objective 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. Finally, 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. 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.