Sally Beauty Holdings Inc. (SBH) Stock Falls on Q2 2026 Earnings

Sally Beauty Holdings Inc. (SBH) reported Q2 2026 results.

Revenue of $903.4 million, up about 2.3% year-over-year (vs. estimate $909.8 million).

Diluted earnings per share of $0.43, up about 13.2% year-over-year (consensus $0.41).

Net income attributable to common shareholders of $42.7 million, up about 8.9% year-over-year.

Shares moved lower during the session, down 6.25% since market open.

Profitability and margins

Gross profit of $475.8 million, up roughly 3.7% year-over-year.

Cost of goods sold totaled $427.6 million, roughly flat (+0.8% YoY).

Operating profit came in at $71.9 million, up about 3.7% year-over-year.

Cash flow and balance sheet highlights

Operating cash flow strengthened to $93.2 million, jumping about 82.6% year-over-year.

Capital expenditures (purchases of property, plant and equipment) were about $35.8 million, up roughly 89.4% year-over-year.

Cash and cash equivalents on the balance sheet totaled $157.4 million, about a 70.8% increase year-over-year.

Total liabilities stood near $2.02 billion, essentially flat year-over-year (+0.5%).

In summary, Sally Beauty (SBH) delivered modest top-line growth and a solid EPS beat while generating materially stronger operating cash flow; however, the stock traded down sharply following the release.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Sally Beauty Holdings Inc. Insider Trading Activity

Sally Beauty Holdings Inc. insiders have traded $SBH stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $SBH stock by insiders over the last 6 months:

SCOTT C SHERMAN (SVP, CLO and CHRO) sold 15,000 shares for an estimated $244,086
KIM MCINTOSH (GVP, CONTROLLER & CAO) sold 5,900 shares for an estimated $92,698

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

Sally Beauty Holdings Inc. Hedge Fund Activity

We have seen 106 institutional investors add shares of Sally Beauty Holdings Inc. stock to their portfolio, and 141 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

POLARIS CAPITAL MANAGEMENT, LLC removed 1,747,829 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $24,207,431
D. E. SHAW & CO., INC. added 1,300,457 shares (+128.1%) to their portfolio in Q4 2025, for an estimated $18,544,516
LIGHTROCK NETHERLANDS B.V. removed 1,239,998 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $17,682,371
ARROWMARK COLORADO HOLDINGS LLC removed 1,078,685 shares (-52.5%) from their portfolio in Q4 2025, for an estimated $15,382,048
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 858,220 shares (-76.5%) from their portfolio in Q4 2025, for an estimated $12,238,217
LAZARD ASSET MANAGEMENT LLC added 781,901 shares (+1333.4%) to their portfolio in Q4 2025, for an estimated $11,149,908
AMERICAN CENTURY COMPANIES INC added 660,452 shares (+39.8%) to their portfolio in Q4 2025, for an estimated $9,418,045

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

Sally Beauty Holdings Inc. Analyst Ratings

Wall Street analysts have issued reports on $SBH in the last several months. We have seen 2 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Canaccord Genuity issued a "Buy" rating on 02/10/2026
TD Cowen issued a "Buy" rating on 01/21/2026
Morgan Stanley issued a "Underweight" rating on 11/14/2025

To track analyst ratings and price targets for Sally Beauty Holdings Inc., check out Quiver Quantitative's $SBH forecast page.

Sally Beauty Holdings Inc. Price Targets

Multiple analysts have issued price targets for $SBH recently. We have seen 5 analysts offer price targets for $SBH in the last 6 months, with a median target of $18.0.

Here are some recent targets:

Simeon Gutman from Morgan Stanley set a target price of $16.0 on 02/10/2026
Susan Anderson from Canaccord Genuity set a target price of $20.0 on 02/10/2026
Olivia Tong from Raymond James set a target price of $19.0 on 01/21/2026
Oliver Chen from TD Cowen set a target price of $18.0 on 01/21/2026
Sydney Wagner from Jefferies set a target price of $16.0 on 01/14/2026