SummerHaven Investment Management LLC Purchases New Stake in Sally Beauty Holdings, Inc. $SBH

SummerHaven Investment Management LLC purchased a new stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 71,367 shares of the specialty retailer’s stock, valued at approximately $1,172,000. SummerHaven Investment Management LLC owned approximately 0.08% of Sally Beauty as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Nykredit A S acquired a new position in shares of Sally Beauty during the 2nd quarter worth $28,000. Fortitude Family Office LLC boosted its stake in Sally Beauty by 508.1% during the 3rd quarter. Fortitude Family Office LLC now owns 1,727 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 1,443 shares during the period. KBC Group NV bought a new stake in shares of Sally Beauty in the first quarter valued at approximately $39,000. Caitong International Asset Management Co. Ltd grew its position in Sally Beauty by 309.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,374 shares of the specialty retailer’s stock worth $48,000 after purchasing an additional 2,549 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in Sally Beauty by 797.8% during the third quarter. Farther Finance Advisors LLC now owns 3,699 shares of the specialty retailer’s stock worth $61,000 after buying an additional 3,287 shares in the last quarter.

Sally Beauty Price Performance

Sally Beauty stock opened at $16.67 on Friday. Sally Beauty Holdings, Inc. has a 1 year low of $11.54 and a 1 year high of $17.92. The company has a current ratio of 2.37, a quick ratio of 0.57 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $1.56 billion, a P/E ratio of 8.68 and a beta of 1.03. The business has a 50-day moving average of $16.37 and a 200-day moving average of $14.79.

Sally Beauty (NYSE:SBH) last posted its earnings results on Monday, August 3rd. The specialty retailer reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. The company had revenue of $935.49 million for the quarter, compared to analyst estimates of $938.45 million. Sally Beauty had a net margin of 5.16% and a return on equity of 24.36%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the business posted $0.51 earnings per share. Sally Beauty has set its FY 2026 guidance at 2.040-2.080 EPS. On average, equities analysts anticipate that Sally Beauty Holdings, Inc. will post 2.07 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SBH. Weiss Ratings raised shares of Sally Beauty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Wall Street Zen downgraded Sally Beauty from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, TD Cowen upped their target price 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. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $17.40.

About Sally Beauty

Sally Beauty Holdings, Inc is a specialty retailer and distributor of professional beauty products. Through its Sally Beauty and CosmoProf businesses, the company offers hair color, hair care, styling products, skin care, nail products, beauty accessories, tools and salon equipment from both third-party brands and its own private-label brands.

Sally Beauty primarily serves consumers and beauty enthusiasts, while CosmoProf focuses on licensed salon professionals and other beauty-industry customers.