Squarepoint Ops LLC Sells 402,918 Shares of Sally Beauty Holdings, Inc. $SBH

Squarepoint Ops LLC lessened its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 51.8% during the second quarter, HoldingsChannel.com reports. The fund owned 375,196 shares of the specialty retailer’s stock after selling 402,918 shares during the quarter. Squarepoint Ops LLC’s holdings in Sally Beauty were worth $5,305,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SBH. Nykredit A S purchased a new position in shares of Sally Beauty during the second quarter valued at approximately $28,000. Corient Private Wealth LP purchased a new stake in Sally Beauty in the second quarter worth approximately $251,000. Amundi grew its position in Sally Beauty by 57.5% in the 2nd quarter. Amundi now owns 29,335 shares of the specialty retailer’s stock worth $415,000 after purchasing an additional 10,711 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Sally Beauty in the 2nd quarter worth approximately $1,536,000. Finally, California State Teachers Retirement System raised its stake in Sally Beauty by 1,277.2% during the 2nd quarter. California State Teachers Retirement System now owns 1,671,857 shares of the specialty retailer’s stock valued at $23,640,000 after buying an additional 1,550,463 shares during the last quarter.

Analyst Upgrades and Downgrades

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

Sally Beauty Price Performance

Shares of Sally Beauty stock opened at $16.01 on Friday. The stock has a market cap of $1.50 billion, a P/E ratio of 8.34 and a beta of 1.05. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.57 and a current ratio of 2.37. The stock’s fifty day moving average is $15.78 and its 200 day moving average is $14.52. Sally Beauty Holdings, Inc. has a one year low of $11.54 and a one year high of $17.92.

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

Sally Beauty 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.