Jennison Associates LLC Raises Stock Holdings in Sally Beauty Holdings, Inc. $SBH

Jennison Associates LLC boosted its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 85.4% in the first quarter, Holdings Channel.com reports. The firm owned 100,409 shares of the specialty retailer’s stock after buying an additional 46,254 shares during the quarter. Jennison Associates LLC’s holdings in Sally Beauty were worth $1,391,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Osaic Holdings Inc. grew its position in shares of Sally Beauty by 1,365.0% in the 2nd quarter. Osaic Holdings Inc. now owns 2,930 shares of the specialty retailer’s stock worth $27,000 after buying an additional 2,730 shares during the period. Larson Financial Group LLC lifted 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 valued at $31,000 after acquiring an additional 1,519 shares during the period. Raymond James Financial Inc. purchased a new position in Sally Beauty during the 2nd quarter valued at about $34,000. iSAM Funds UK Ltd purchased a new position in Sally Beauty during the 3rd quarter valued at about $35,000. Finally, Intesa Sanpaolo Wealth Management bought a new stake in Sally Beauty during the fourth quarter worth about $36,000.

Sally Beauty Trading Down 1.5%

Shares of NYSE SBH opened at $14.66 on Thursday. The firm’s 50 day moving average price is $13.55 and its 200-day moving average price is $14.40. Sally Beauty Holdings, Inc. has a 52-week low of $9.36 and a 52-week 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 company has a market cap of $1.40 billion, a PE ratio of 8.10 and a beta of 1.02.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Monday, May 11th. The specialty retailer reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. Sally Beauty had a net margin of 4.93% and a return on equity of 24.95%. The company had revenue of $903.38 million during the quarter, compared to the consensus estimate of $901.42 million. During the same quarter last year, the firm earned $0.42 earnings per share. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. Sally Beauty has set its Q3 2026 guidance at 0.520-0.560 EPS. On average, equities research analysts expect that Sally Beauty Holdings, Inc. will post 2.06 EPS for the current fiscal year.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SBH shares. TD Cowen cut their price objective on shares of Sally Beauty from $20.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Wall Street Zen raised Sally Beauty from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Weiss Ratings downgraded Sally Beauty from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Finally, Morgan Stanley reduced their price objective on Sally Beauty from $16.00 to $13.00 and set an “underweight” rating for the company in a research report on Tuesday, May 12th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.