Night Squared LP Makes New $942,000 Investment in Sally Beauty Holdings, Inc. $SBH

Night Squared LP bought a new position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 66,028 shares of the specialty retailer’s stock, valued at approximately $942,000.

A number of other institutional investors and hedge funds have also modified their holdings of SBH. Schroder Investment Management Group acquired a new stake in shares of Sally Beauty in the 3rd quarter worth approximately $160,495,000. Wasatch Advisors LP acquired a new stake in shares of Sally Beauty in the 3rd quarter worth approximately $74,842,000. Goldman Sachs Group Inc. grew 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 worth $56,783,000 after acquiring an additional 1,254,125 shares during the period. American Century Companies Inc. grew its holdings in shares of Sally Beauty by 174.4% in the 3rd quarter. American Century Companies Inc. now owns 1,660,831 shares of the specialty retailer’s stock worth $27,038,000 after acquiring an additional 1,055,669 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of Sally Beauty by 126.7% in the 3rd quarter. Millennium Management LLC now owns 1,058,358 shares of the specialty retailer’s stock worth $17,230,000 after acquiring an additional 591,426 shares during the period.

Insider Buying and Selling at Sally Beauty

In other Sally Beauty news, CFO Marlo Michelle Cormier Platz sold 42,771 shares of the stock in a transaction 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 transaction, the chief financial officer owned 138,145 shares of the company’s stock, valued at $1,754,441.50. This represents a 23.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SBH. Morgan Stanley lowered their price target on Sally Beauty from $16.00 to $13.00 and set an “underweight” rating on the stock in a report on Tuesday, May 12th. Wall Street Zen upgraded Sally Beauty from a “hold” rating to a “buy” rating in a report on Saturday. TD Cowen lowered their price target on Sally Beauty from $20.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Finally, Weiss Ratings upgraded Sally Beauty from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 4th. Three 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, the stock presently has an average rating of “Hold” and a consensus price target of $17.00.

Sally Beauty Price Performance

SBH stock opened at $13.39 on Wednesday. Sally Beauty Holdings, Inc. has a 1 year low of $8.48 and a 1 year high of $17.92. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.55 and a current ratio of 2.34. The stock’s 50 day moving average price is $13.39 and its 200 day moving average price is $14.57. The firm has a market cap of $1.28 billion, a P/E ratio of 7.40 and a beta of 1.04.

Sally Beauty (NYSE:SBH) last posted its earnings results on Monday, May 11th. The specialty retailer reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Sally Beauty had a return on equity of 24.95% and a net margin of 4.93%.The firm had revenue of $903.38 million for the quarter, compared to analyst estimates of $901.43 million. During the same quarter in the prior year, the company earned $0.42 EPS. Sally Beauty’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, sell-side analysts expect that Sally Beauty Holdings, Inc. will post 2.06 earnings per share for the current fiscal 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.