CastleKnight Management LP Sells 51,300 Shares of Sally Beauty Holdings, Inc. $SBH

CastleKnight Management LP lessened its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 10.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 423,850 shares of the specialty retailer’s stock after selling 51,300 shares during the period. CastleKnight Management LP owned about 0.44% of Sally Beauty worth $6,044,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SBH. Schroder Investment Management Group purchased a new position in shares of Sally Beauty during the third quarter valued at approximately $160,495,000. Wasatch Advisors LP purchased a new position in shares of Sally Beauty during the third quarter valued at approximately $74,842,000. Goldman Sachs Group Inc. raised its holdings in shares of Sally Beauty by 46.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,981,998 shares of the specialty retailer’s stock valued at $56,783,000 after purchasing an additional 1,254,125 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Sally Beauty by 174.4% during the third quarter. American Century Companies Inc. now owns 1,660,831 shares of the specialty retailer’s stock valued at $27,038,000 after purchasing an additional 1,055,669 shares during the last quarter. Finally, Lazard Asset Management LLC raised its holdings in shares of Sally Beauty by 1,333.4% during the fourth quarter. Lazard Asset Management LLC now owns 840,539 shares of the specialty retailer’s stock valued at $11,986,000 after purchasing an additional 781,901 shares during the last quarter.

Sally Beauty Stock Down 2.3%

Shares of SBH stock opened at $13.08 on Thursday. Sally Beauty Holdings, Inc. has a 12 month low of $8.48 and a 12 month high of $17.92. The stock has a market cap of $1.25 billion, a P/E ratio of 7.22 and a beta of 1.04. The company has a current ratio of 2.34, a quick ratio of 0.55 and a debt-to-equity ratio of 0.98. The company has a 50 day simple moving average of $13.38 and a two-hundred day simple moving average of $14.55.

Sally Beauty (NYSE:SBH) last announced its earnings results on Monday, May 11th. The specialty retailer reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Sally Beauty had a net margin of 4.93% and a return on equity of 24.95%. The business had revenue of $903.38 million during the quarter, compared to analysts’ expectations of $901.43 million. During the same period in the prior year, the company earned $0.42 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. Sally Beauty has set its Q3 2026 guidance at 0.520-0.560 EPS. On average, research analysts expect that Sally Beauty Holdings, Inc. will post 2.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SBH shares. Morgan Stanley decreased their price objective 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. Wall Street Zen raised 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 report on Thursday, June 4th. Finally, TD Cowen decreased their price objective on shares of Sally Beauty from $20.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Sally Beauty presently has an average rating of “Hold” and a consensus target price of $17.00.

Insider Buying and Selling

In other Sally Beauty news, CFO Marlo Michelle Cormier Platz sold 42,771 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were 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 represents a 23.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Sally Beauty Company 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.