Great Lakes Advisors LLC Acquires New Stake in Sally Beauty Holdings, Inc. $SBH

Great Lakes Advisors LLC bought a new position in Sally Beauty Holdings, Inc. (NYSE:SBH) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 331,464 shares of the specialty retailer’s stock, valued at approximately $4,687,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Sally Beauty in the 2nd quarter worth approximately $223,172,000. Wasatch Advisors LP bought a new stake in Sally Beauty during the third quarter valued at approximately $74,842,000. Goldman Sachs Group Inc. increased its holdings in Sally Beauty by 46.0% during the fourth 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 last quarter. Lazard Asset Management LLC raised its holdings in Sally Beauty by 1,333.4% in the 4th quarter. Lazard Asset Management LLC now owns 840,539 shares of the specialty retailer’s stock worth $11,986,000 after purchasing an additional 781,901 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in Sally Beauty during the second quarter valued at about $9,347,000.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SBH shares. TD Cowen boosted their price objective on Sally Beauty from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Wall Street Zen cut shares of Sally Beauty from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Morgan Stanley decreased their price target on Sally Beauty from $16.00 to $13.00 and set an “underweight” rating on the stock in a report on Tuesday, May 12th. Finally, Weiss Ratings upgraded Sally Beauty from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. 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 company’s stock. Based on data from MarketBeat, Sally Beauty currently has a consensus rating of “Hold” and a consensus price target of $17.40.

Insider Activity at Sally Beauty

In related news, CFO Marlo Michelle Cormier Platz sold 42,771 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $1,754,441.50. The trade was a 23.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Sally Beauty Price Performance

Shares of NYSE:SBH opened at $16.70 on Thursday. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 8.70 and a beta of 1.03. The firm has a fifty day moving average price of $14.92 and a 200 day moving average price of $14.47. Sally Beauty Holdings, Inc. has a fifty-two week low of $11.54 and a fifty-two week high of $17.92. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.57 and a current ratio of 2.37.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Monday, August 3rd. The specialty retailer reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. Sally Beauty had a net margin of 5.16% and a return on equity of 24.36%. The business had revenue of $935.49 million for the quarter, compared to analysts’ expectations of $938.45 million. During the same quarter in the previous year, the company earned $0.51 EPS. The business’s quarterly 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. As a group, sell-side analysts expect that Sally Beauty Holdings, Inc. will post 2.07 earnings per share for the current fiscal year.

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.