CastleKnight Management LP Trims Position in Sally Beauty Holdings, Inc. $SBH

CastleKnight Management LP cut its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 10.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 423,850 shares of the specialty retailer’s stock after selling 51,300 shares during the quarter. CastleKnight Management LP’s holdings in Sally Beauty were worth $6,044,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Schroder Investment Management Group purchased a new stake in shares of Sally Beauty in the third quarter worth $160,495,000. Dimensional Fund Advisors LP increased its stake in shares of Sally Beauty by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,669,959 shares of the specialty retailer’s stock worth $80,855,000 after purchasing an additional 122,635 shares in the last quarter. State Street Corp increased its stake in shares of Sally Beauty by 4.4% in the fourth quarter. State Street Corp now owns 4,606,736 shares of the specialty retailer’s stock worth $65,692,000 after purchasing an additional 192,560 shares in the last quarter. Wasatch Advisors LP purchased a new stake in shares of Sally Beauty in the third quarter worth $74,842,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of Sally Beauty by 46.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,981,998 shares of the specialty retailer’s stock worth $56,783,000 after purchasing an additional 1,254,125 shares in the last quarter.

Analyst Ratings Changes

A number of analysts have recently issued reports on SBH shares. Weiss Ratings raised shares of Sally Beauty from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 4th. Morgan Stanley reduced their price objective on shares of Sally Beauty from $16.00 to $13.00 and set an “underweight” rating for the company in a research note on Tuesday, May 12th. Wall Street Zen raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, TD Cowen dropped their target price on shares of Sally Beauty from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Sally Beauty presently has an average rating of “Hold” and a consensus price target of $17.00.

Insider Buying and Selling

In other Sally Beauty news, CFO Marlo Michelle Cormier Platz sold 42,771 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $12.70, for a total value of $543,191.70. Following the sale, the chief financial officer owned 138,145 shares in the company, valued at $1,754,441.50. The trade was a 23.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by insiders.

Sally Beauty Stock Down 2.3%

Shares of SBH stock opened at $13.08 on Thursday. The stock has a market cap of $1.25 billion, a P/E ratio of 7.22 and a beta of 1.04. Sally Beauty Holdings, Inc. has a 52 week low of $8.48 and a 52 week 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 company’s fifty day simple moving average is $13.38 and its two-hundred day simple moving average is $14.55.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Monday, May 11th. The specialty retailer reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. The business had revenue of $903.38 million for the quarter, compared to analysts’ expectations of $901.43 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 quarter in the previous year, the company earned $0.42 EPS. Sally Beauty has set its Q3 2026 guidance at 0.520-0.560 EPS. Analysts predict that Sally Beauty Holdings, Inc. will post 2.06 EPS 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.