SummerHaven Investment Management LLC Purchases New Holdings in Sally Beauty Holdings, Inc. $SBH

SummerHaven Investment Management LLC purchased a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 71,367 shares of the specialty retailer’s stock, valued at approximately $1,172,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Sally Beauty during the second quarter worth $223,172,000. Dimensional Fund Advisors LP grew its stake in shares of Sally Beauty by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 5,871,979 shares of the specialty retailer’s stock valued at $81,323,000 after acquiring an additional 202,020 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Sally Beauty during the second quarter worth approximately $9,347,000. Pacer Advisors Inc. bought a new position in Sally Beauty during the 1st quarter worth $8,102,000. Finally, Empowered Funds LLC bought a new position in shares of Sally Beauty in the second quarter worth $7,264,000.

Sally Beauty Stock Down 2.7%

Shares of NYSE:SBH opened at $16.67 on Friday. 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. The business’s 50-day moving average is $16.37 and its 200-day moving average is $14.79. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 8.68 and a beta of 1.03.

Sally Beauty (NYSE:SBH) last released its quarterly earnings data on Monday, August 3rd. The specialty retailer reported $0.55 earnings per share for the quarter, beating 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 company had revenue of $935.49 million during the quarter, compared to analyst estimates of $938.45 million. During the same quarter in the previous year, the business posted $0.51 EPS. Sally Beauty’s revenue for the quarter 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.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Weiss Ratings upgraded shares of Sally Beauty from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. TD Cowen raised their price objective on shares of Sally Beauty from $17.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Finally, Wall Street Zen lowered Sally Beauty from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $17.40.

About Sally Beauty

Sally Beauty Holdings, Inc is a specialty retailer and distributor of professional beauty products. Through its Sally Beauty and CosmoProf businesses, the company offers hair color, hair care, styling products, skin care, nail products, beauty accessories, tools and salon equipment from both third-party brands and its own private-label brands.

Sally Beauty primarily serves consumers and beauty enthusiasts, while CosmoProf focuses on licensed salon professionals and other beauty-industry customers.