Legal & General Group Plc Invests $3.41 Million in Sally Beauty Holdings, Inc. $SBH

Legal & General Group Plc purchased a new position in Sally Beauty Holdings, Inc. (NYSE:SBH) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 240,903 shares of the specialty retailer’s stock, valued at approximately $3,406,000. Legal & General Group Plc owned about 0.26% of Sally Beauty as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Sally Beauty in the second quarter valued at $223,172,000. Dimensional Fund Advisors LP boosted its position in shares of Sally Beauty by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,871,979 shares of the specialty retailer’s stock worth $81,323,000 after acquiring an additional 202,020 shares in the last quarter. State Street Corp boosted its position in shares of Sally Beauty by 4.4% during the 4th quarter. State Street Corp now owns 4,606,736 shares of the specialty retailer’s stock worth $65,692,000 after acquiring an additional 192,560 shares in the last quarter. Wasatch Advisors LP purchased a new position in shares of Sally Beauty in the 3rd quarter valued at about $74,842,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of 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 acquiring an additional 1,254,125 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SBH shares. Weiss Ratings upgraded Sally Beauty from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 28th. Wall Street Zen cut shares of Sally Beauty from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. TD Cowen boosted their price objective on shares of Sally Beauty from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Finally, Morgan Stanley lowered their target price on shares of Sally Beauty from $16.00 to $13.00 and set an “underweight” rating for the company in a 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.40.

Sally Beauty Price Performance

SBH stock opened at $16.67 on Friday. The company has a market capitalization of $1.56 billion, a P/E ratio of 8.68 and a beta of 1.05. Sally Beauty Holdings, Inc. has a twelve month low of $11.54 and a twelve month high of $17.92. The business has a 50 day simple moving average of $15.58 and a 200-day simple moving average of $14.51. The company has a current ratio of 2.37, a quick ratio of 0.57 and a debt-to-equity ratio of 0.92.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Monday, August 3rd. The specialty retailer reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $935.49 million during the quarter, compared to analysts’ expectations of $938.45 million. Sally Beauty had a net margin of 5.16% and a return on equity of 24.36%. Sally Beauty’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 EPS. Sally Beauty has set its FY 2026 guidance at 2.040-2.080 EPS. As a group, equities analysts anticipate 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 stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $12.70, for a total transaction of $543,191.70. Following the completion of the sale, the chief financial officer directly owned 138,145 shares of the company’s stock, valued at approximately $1,754,441.50. This trade represents a 23.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

About Sally Beauty

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.