BNY Mellon takes new $9.35M stake in Sally Beauty
What's the deal? Bank of New York Mellon Corp bought a new position in Sally Beauty HoldingsDealroom has a profile for this one. Try Dealroom → worth roughly $9.35 million, according to its latest 13F filing with the Securities and Exchange Commission. The institutional investor picked up 661,006 shares of the specialty retailer during the second quarter.
What does the company do? Sally Beauty is a specialty retailer of professional beauty products. It carries a market cap of $1.53 billion, a price-to-earnings ratio of 8.53, and a beta of 1.05.
The numbers: Sally Beauty reported $0.55 earnings per share for the quarter ended August 3, beating the $0.53 consensus by $0.02. Revenue reached $935.49 million, up 0.3% year over year but just shy of the $938.45 million analysts expected.
The company posted a return on equity of 24.36% and a net margin of 5.16%. It set fiscal 2026 guidance at $2.04 to $2.08 per share.
Why now? BNY MellonDealroom has a profile for this one. Try Dealroom → is among several institutions adjusting positions in the stock. Osaic HoldingsDealroom has a profile for this one. Try Dealroom → grew its stake by 1,365% in the second quarter, while Larson Financial GroupDealroom has a profile for this one. Try Dealroom → boosted its holding by 392.5% in the third.
What could go wrong? Analysts are split. TD CowenDealroom has a profile for this one. Try Dealroom → raised its target to $19.00 with a "buy" rating, while Morgan StanleyDealroom has a profile for this one. Try Dealroom → cut its target to $13.00 with an "underweight" rating. The consensus sits at "hold" with an average target of $17.40.
Insider activity adds caution. Chief financial officer Marlo Michelle Cormier Platz sold 42,771 shares on June 8 at an average $12.70, a 23.64% cut to her direct holding.
The signal: Shares opened at $16.37 on Thursday, near the top of a 52-week range that runs from $11.54 to $17.92. A large institutional buyer stepping in signals conviction even as analysts and insiders stay cautious on the retailer's near-term path.
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