Sally Beauty (NYSE:SBH) CFO Marlo Michelle Cormier Platz Sells 42,771 Shares of Stock

Sally Beauty Holdings, Inc. (NYSE:SBH) CFO Marlo Michelle Cormier Platz sold 42,771 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $12.70, for a total value of $543,191.70. Following the completion of the transaction, the chief financial officer owned 138,145 shares of the company’s stock, valued at approximately $1,754,441.50. This represents a 23.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Sally Beauty Stock Up 2.8%

NYSE SBH opened at $13.04 on Wednesday. The stock has a market cap of $1.24 billion, a PE ratio of 7.21 and a beta of 1.04. Sally Beauty Holdings, Inc. has a fifty-two week low of $8.45 and a fifty-two week high of $17.92. The business has a 50 day moving average price of $13.40 and a two-hundred day moving average price of $14.64. The company has a quick ratio of 0.55, a current ratio of 2.34 and a debt-to-equity ratio of 0.98.

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

Institutional Investors Weigh In On Sally Beauty

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wall Street Zen cut Sally Beauty from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. TD Cowen reduced their target price on Sally Beauty from $20.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Weiss Ratings upgraded Sally Beauty from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 4th. Morgan Stanley reduced their target price on Sally Beauty from $16.00 to $13.00 and set an “underweight” rating for the company in a research note on Tuesday, May 12th. Finally, Canaccord Genuity Group increased 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. Three investment 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 presently has a consensus rating of “Hold” and a consensus price target of $17.00.

About Sally Beauty

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.