Victory Capital Management Inc. Sells 900,342 Shares of Sally Beauty Holdings, Inc. $SBH

Victory Capital Management Inc. decreased its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 19.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,696,638 shares of the specialty retailer’s stock after selling 900,342 shares during the quarter. Victory Capital Management Inc.’s holdings in Sally Beauty were worth $60,181,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in Sally Beauty by 150,390.9% during the first quarter. Royal Bank of Canada now owns 33,108 shares of the specialty retailer’s stock valued at $299,000 after purchasing an additional 33,086 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Sally Beauty by 53.7% in the first quarter. AQR Capital Management LLC now owns 476,966 shares of the specialty retailer’s stock valued at $4,188,000 after purchasing an additional 166,637 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Sally Beauty by 3.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,595 shares of the specialty retailer’s stock valued at $547,000 after purchasing an additional 2,026 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Sally Beauty by 10.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 324,906 shares of the specialty retailer’s stock valued at $2,934,000 after buying an additional 31,040 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Sally Beauty by 24.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 30,322 shares of the specialty retailer’s stock worth $281,000 after buying an additional 5,941 shares during the period.

Insider Buying and Selling at Sally Beauty

In other news, CAO Kim Mcintosh sold 5,900 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $15.71, for a total value of $92,689.00. Following the completion of the transaction, the chief accounting officer owned 21,295 shares of the company’s stock, valued at $334,544.45. This represents a 21.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.00% of the stock is currently owned by company insiders.

Sally Beauty Trading Down 3.0%

Shares of NYSE SBH opened at $14.80 on Friday. The firm’s 50 day moving average price is $15.61 and its 200-day moving average price is $15.19. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.57 and a current ratio of 2.37. The company has a market cap of $1.44 billion, a PE ratio of 8.41 and a beta of 1.14. Sally Beauty Holdings, Inc. has a 52-week low of $7.54 and a 52-week high of $17.92.

Sally Beauty (NYSE:SBH) last issued its earnings results on Monday, February 9th. The specialty retailer reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. The company had revenue of $943.17 million for the quarter, compared to analysts’ expectations of $939.63 million. Sally Beauty had a net margin of 4.87% and a return on equity of 26.07%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the company posted $0.43 earnings per share. Sally Beauty has set its FY 2026 guidance at 2.020-2.100 EPS and its Q2 2026 guidance at 0.390-0.420 EPS. On average, equities research analysts expect that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Raymond James Financial raised Sally Beauty from a “market perform” rating to an “outperform” rating and set a $19.00 price objective on the stock in a report on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sally Beauty in a research note on Friday, January 9th. Canaccord Genuity Group boosted their target price on Sally Beauty from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Wall Street Zen downgraded shares of Sally Beauty from a “buy” rating to a “hold” rating in a research note on Monday, March 2nd. Finally, TD Cowen boosted their price objective on shares of Sally Beauty from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $17.80.

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.