In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Sally Beauty Holdings Inc. (NYSE:SBH) reported that Jackson Square Partners, Llc. has picked up 6,791,128 of common stock as of 2017-02-24.
The acquisition brings the aggregate amount owned by Jackson Square Partners, Llc. to a total of 6,791,128 representing a 4.73% stake in the company.
For those not familiar with the company, Sally Beauty Holdings, Inc. is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America. BSG, including its franchise-based business Armstrong McCall, is a full service beauty supply distributor, which offers professional brands of beauty products directly to salons and salon professionals through its own sales force and professional-only stores (including franchise stores) in partially exclusive geographical territories in North America and parts of Europe.
A glance at Sally Beauty Holdings Inc. (NYSE:SBH)’s key stats reveals a current market capitalization of 3.10 billion based on 142.56 million shares outstanding and a price at last close of $22.37 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-11-19, Brickman picked up 20,000 at a purchase price of $25.35. This brings their total holding to 139,874 as of the date of the filing.
On the sell side, the most recent transaction saw Minton unload 11,250 shares at a sale price of $22.88. This brings their total holding to 15,389.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Sally Beauty Holdings Inc. (NYSE:SBH) as things move forward to see if its progress aligns with these transactions.
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