Picton Mahoney Asset Management Acquires Shares of 60,041 Sally Beauty Holdings, Inc. $SBH

Picton Mahoney Asset Management acquired a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 60,041 shares of the specialty retailer’s stock, valued at approximately $978,000.

Other large investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its position in shares of Sally Beauty by 2,768.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,220,160 shares of the specialty retailer’s stock valued at $11,299,000 after buying an additional 1,177,626 shares in the last quarter. American Century Companies Inc. grew its stake in 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 valued at $27,038,000 after acquiring an additional 1,055,669 shares during the period. Ranmore Fund Management Ltd increased its holdings in Sally Beauty by 54.6% in the 2nd quarter. Ranmore Fund Management Ltd now owns 2,196,020 shares of the specialty retailer’s stock worth $20,335,000 after acquiring an additional 776,020 shares in the last quarter. CSM Advisors LLC purchased a new stake in Sally Beauty in the 2nd quarter worth $4,347,000. Finally, Invesco Ltd. raised its position in Sally Beauty by 21.7% during the second quarter. Invesco Ltd. now owns 1,788,951 shares of the specialty retailer’s stock worth $16,566,000 after acquiring an additional 319,025 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. TD Cowen lifted their price target on Sally Beauty from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Raymond James Financial upgraded Sally Beauty from a “market perform” rating to an “outperform” rating and set a $19.00 price objective on the stock in a report on Wednesday, January 21st. Wall Street Zen cut shares of Sally Beauty from a “buy” rating to a “hold” rating in a research note on Monday, March 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sally Beauty in a report on Friday, January 9th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $16.00 target price on shares of Sally Beauty in a research report on Wednesday, January 14th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.80.

Insider Activity

In other news, CAO Kim Mcintosh sold 5,900 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $15.71, for a total value of $92,689.00. Following the completion of the transaction, the chief accounting officer owned 21,295 shares of the company’s stock, valued at approximately $334,544.45. This trade represents a 21.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Sally Beauty Trading Down 3.0%

Shares of SBH stock opened at $14.80 on Friday. Sally Beauty Holdings, Inc. has a 1-year low of $7.54 and a 1-year high of $17.92. The firm has a market cap of $1.44 billion, a PE ratio of 8.41 and a beta of 1.14. The company has a 50-day moving average of $15.61 and a two-hundred day moving average of $15.19. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.37 and a quick ratio of 0.57.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings data on Monday, February 9th. The specialty retailer reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. Sally Beauty had a net margin of 4.87% and a return on equity of 26.07%. The firm had revenue of $943.17 million during the quarter, compared to analysts’ expectations of $939.63 million. During the same quarter last year, the company posted $0.43 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. Sally Beauty has set its FY 2026 guidance at 2.020-2.100 EPS and its Q2 2026 guidance at 0.390-0.420 EPS. On average, analysts predict that Sally Beauty Holdings, Inc. will post 1.81 EPS 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.