The Manufacturers Life Insurance Company Purchases Shares of 39,754 Sally Beauty Holdings, Inc. $SBH

The Manufacturers Life Insurance Company purchased a new position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 39,754 shares of the specialty retailer’s stock, valued at approximately $562,000.

Several other institutional investors and hedge funds have also made changes to their positions in SBH. Osaic Holdings Inc. grew its position in shares of Sally Beauty by 1,365.0% in the second quarter. Osaic Holdings Inc. now owns 2,930 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 2,730 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Sally Beauty by 392.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,906 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 1,519 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Sally Beauty in the 2nd quarter valued at $34,000. iSAM Funds UK Ltd purchased a new stake in shares of Sally Beauty during the 3rd quarter valued at $35,000. Finally, Intesa Sanpaolo Wealth Management acquired a new stake in shares of Sally Beauty during the 4th quarter worth $36,000.

Sally Beauty Stock Performance

Sally Beauty stock opened at $16.67 on Monday. The firm has a market capitalization of $1.56 billion, a PE ratio of 8.68 and a beta of 1.05. Sally Beauty Holdings, Inc. has a one year low of $11.54 and a one year high of $17.92. The stock’s 50 day moving average price is $15.58 and its 200 day moving average price is $14.50. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.57 and a current ratio of 2.37.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data 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. Sally Beauty had a net margin of 5.16% and a return on equity of 24.36%. The company had revenue of $935.49 million during the quarter, compared to the consensus estimate of $938.45 million. During the same quarter last year, the company earned $0.51 earnings per share. Sally Beauty’s revenue for the quarter was up .3% on a year-over-year basis. Sally Beauty has set its FY 2026 guidance at 2.040-2.080 EPS. As a group, sell-side analysts expect that Sally Beauty Holdings, Inc. will post 2.07 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on SBH shares. Wall Street Zen cut Sally Beauty from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Morgan Stanley cut their price objective on Sally Beauty from $16.00 to $13.00 and set an “underweight” rating on the stock in a report on Tuesday, May 12th. TD Cowen lifted their price objective on Sally Beauty from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings upgraded Sally Beauty from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently 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.