VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 108,600 Sally Beauty Holdings, Inc. $SBH

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 108,600 shares of the specialty retailer’s stock, valued at approximately $1,536,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.12% of Sally Beauty at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SBH. Osaic Holdings Inc. raised its position in Sally Beauty by 1,365.0% in the 2nd quarter. Osaic Holdings Inc. now owns 2,930 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 2,730 shares during the last quarter. Nykredit A S acquired a new position in Sally Beauty during the 2nd quarter worth approximately $28,000. Larson Financial Group LLC boosted its position in Sally Beauty by 392.5% during the 3rd quarter. Larson Financial Group LLC now owns 1,906 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 1,519 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Sally Beauty during the 2nd quarter worth approximately $34,000. Finally, iSAM Funds UK Ltd bought a new position in shares of Sally Beauty during the 3rd quarter worth approximately $35,000.

Sally Beauty Price Performance

Shares of SBH opened at $16.01 on Friday. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 8.34 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 company’s fifty day simple moving average is $15.78 and its 200 day simple moving average is $14.52. The company has a current ratio of 2.37, a quick ratio of 0.57 and a debt-to-equity ratio of 0.92.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Monday, August 3rd. The specialty retailer reported $0.55 EPS for the quarter, beating 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 firm had revenue of $935.49 million during the quarter, compared to analysts’ expectations of $938.45 million. During the same quarter last year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Sally Beauty has set its FY 2026 guidance at 2.040-2.080 EPS. On average, research analysts forecast that Sally Beauty Holdings, Inc. will post 2.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

SBH has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Sally Beauty from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. Wall Street Zen cut shares of Sally Beauty from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, TD Cowen raised their target price on shares of Sally Beauty from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $17.40.

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.