Analyst Price Target Update on Sally Beauty Holdings (NYSE:SBH)

Sally Beauty Holdings (NYSE:SBH): According to 10 Analysts, The short term target price has been estimated at $ 33.7.The target price could deviate by a maximum of $2.16 from the forecast price. In the near term, the target price could hit a high of $36 and a low of $ 30.

Many analysts have stated their opinion on the company shares. In a research note released to the investors, Wells Fargo upgrades its rating on Sally Beauty Holdings (NYSE:SBH).The analysts at the brokerage house have a current rating of Market Perform on the shares. Earlier, the shares were rated a Underperform by the brokerage firm. The rating by the firm was issued on June 2, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Eisenberg Marshall E, director of Sally Beauty Holdings, Inc., had unloaded 12,000 shares at an average price of $30.32 in a transaction dated on June 2, 2016. The total value of the transaction was worth $363,840.

Sally Beauty Holdings (NYSE:SBH) : On Monday heightened volatility was witnessed in Sally Beauty Holdings (NYSE:SBH) which led to swings in the share price. The stock opened for trading at $29.2 and hit $29.55 on the upside , eventually ending the session at $29.35, with a gain of 0.14% or 0.04 points. The heightened volatility saw the trading volume jump to 1,688,618 shares. The 52-week high of the share price is $32.93 and the company has a market cap of $4,294 million. The 52-week low of the share price is at $21.94 .

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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