First Trust Advisors LP Grows Stock Holdings in Sally Beauty Holdings, Inc. $SBH

First Trust Advisors LP grew its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 43.9% in the 1st quarter, HoldingsChannel reports. The firm owned 289,744 shares of the specialty retailer’s stock after acquiring an additional 88,325 shares during the quarter. First Trust Advisors LP’s holdings in Sally Beauty were worth $4,013,000 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 SBH. Osaic Holdings Inc. increased its position in shares of Sally Beauty by 1,365.0% during the 2nd quarter. Osaic Holdings Inc. now owns 2,930 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 2,730 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of Sally Beauty by 392.5% during the 3rd quarter. Larson Financial Group LLC now owns 1,906 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 1,519 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Sally Beauty in the 2nd quarter worth approximately $34,000. iSAM Funds UK Ltd bought a new stake in Sally Beauty in the 3rd quarter worth approximately $35,000. Finally, Intesa Sanpaolo Wealth Management purchased a new stake in Sally Beauty in the fourth quarter worth approximately $36,000.

Sally Beauty Stock Down 4.2%

SBH opened at $15.86 on Thursday. Sally Beauty Holdings, Inc. has a 12 month low of $11.54 and a 12 month high of $17.92. The company has a current ratio of 2.37, a quick ratio of 0.55 and a debt-to-equity ratio of 0.92. The business’s 50-day moving average price is $14.15 and its 200-day moving average price is $14.40. The company has a market cap of $1.49 billion, a P/E ratio of 8.26 and a beta of 1.03.

Sally Beauty (NYSE:SBH) last issued its earnings results 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. The company had revenue of $935.49 million during the quarter, compared to analysts’ expectations of $938.45 million. Sally Beauty had a return on equity of 24.36% and a net margin of 5.16%.Sally Beauty’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 EPS. Sally Beauty has set its FY 2026 guidance at 2.040-2.080 EPS. On average, equities analysts expect that Sally Beauty Holdings, Inc. will post 2.07 EPS for the current year.

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 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 completion of the sale, the chief financial officer 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by company insiders.

Analyst Ratings Changes

SBH has been the topic of a number of recent research reports. TD Cowen increased their price target on shares of Sally Beauty from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday. Wall Street Zen upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Weiss Ratings raised shares of Sally Beauty from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 28th. Finally, Morgan Stanley reduced their target price on shares of Sally Beauty from $16.00 to $13.00 and set an “underweight” rating on the stock in a report on Tuesday, May 12th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.40.

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.