The Manufacturers Life Insurance Company Acquires Shares of 39,754 Sally Beauty Holdings, Inc. $SBH

The Manufacturers Life Insurance Company bought a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 39,754 shares of the specialty retailer’s stock, valued at approximately $562,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SBH. Royal Bank of Canada grew its position in shares of 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 worth $299,000 after buying an additional 33,086 shares in the last quarter. AQR Capital Management LLC raised its holdings in 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 acquiring an additional 166,637 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Sally Beauty by 3.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,595 shares of the specialty retailer’s stock valued at $547,000 after acquiring an additional 2,026 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in 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 acquiring an additional 31,040 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Sally Beauty by 11.5% during the 2nd quarter. Hsbc Holdings PLC now owns 57,640 shares of the specialty retailer’s stock worth $530,000 after acquiring an additional 5,956 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SBH. Morgan Stanley dropped their target price on shares of Sally Beauty from $16.00 to $13.00 and set an “underweight” rating for the company in a research report on Tuesday, May 12th. Wall Street Zen downgraded Sally Beauty from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. TD Cowen boosted their price objective on Sally Beauty from $17.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Finally, Weiss Ratings upgraded Sally Beauty from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $17.40.

Sally Beauty Stock Down 0.2%

SBH stock opened at $16.67 on Monday. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 8.68 and a beta of 1.05. Sally Beauty Holdings, Inc. has a 1-year low of $11.54 and a 1-year high of $17.92. The firm has a fifty day moving average price of $15.58 and a two-hundred day moving average price of $14.50. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.37 and a quick ratio of 0.57.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings results on Monday, August 3rd. The specialty retailer reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $938.45 million. During the same period last year, the firm posted $0.51 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. Sally Beauty has set its FY 2026 guidance at 2.040-2.080 EPS. Research analysts predict that Sally Beauty Holdings, Inc. will post 2.07 EPS for the current year.

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.