Sally Beauty Holdings (SBH) Receives Price Target

Sally Beauty Holdings (SBH) : The highest short term price target forecast on Sally Beauty Holdings (SBH) is $35 and the lowest target price is $28. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $30.4 with a standard deviation of $2.12.

Sally Beauty Holdings (SBH) : 5 brokerage houses believe that Sally Beauty Holdings (SBH) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Sally Beauty Holdings (SBH). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 12 Wall Street Analysts endorse the stock as a Buy with a rating of 2.08.


Also, Equity analysts at the Brokerage firm KeyBanc maintains its rating on Sally Beauty Holdings (NYSE:SBH). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at KeyBanc lowers the price target from $36 per share to $30 per share. The rating by the firm was issued on August 5, 2016.

Sally Beauty Holdings (NYSE:SBH): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.30 and $27.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.41, notching a gain of 0.70% for the day. The total traded volume was 773,661 . The stock had closed at $27.22 on the previous day.

Sally Beauty Holdings, Inc. (Sally Beauty) is a retailer and distributor of beauty supplies. The Company operates in North America, South America and Europe. Sally Beauty operates through two business segments namely Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty provides its customers with a variety of third-party branded beauty supplies, including hair color products, hair care products, styling appliances, brushes, nail care products, ethnic products and beauty items. Sally Beauty Supply is an open-line distributor of professional beauty supplies in the United States. Sally beauty supply products are sold in shopping centers, grocery stores, mass merchants and home centers. BSG is a full-service distributor of beauty supplies in North America. BSG and Armstrong McCall stores provide beauty product SKUs that include hair color, hair care, skin and nail care, beauty sundries and electrical appliances. BSG stores are located in secondary strip shopping centers.

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