Analyst Rating Update on Sally Beauty Holdings (SBH)

Sally Beauty Holdings (NYSE:SBH) : 5 brokerage houses believe that Sally Beauty Holdings (NYSE:SBH) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Sally Beauty Holdings (NYSE:SBH). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 13 Wall Street Analysts endorse the stock as a Buy with a rating of 2.15.

Sally Beauty Holdings (NYSE:SBH) : 10 Wall Street analysts covering Sally Beauty Holdings (NYSE:SBH) believe that the average level the stock could reach for the short term is $33.7. The maximum price target given is $36 and the minimum target for short term is around $30, hence the standard deviation is calculated at $2.16.

For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Wells Fargo upgrades its rating on Sally Beauty Holdings (NYSE:SBH). The shares have been rated Market Perform. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on June 2, 2016.

Sally Beauty Holdings (NYSE:SBH): stock turned positive on Tuesday. Though the stock opened at $28.41, the bulls momentum made the stock top out at $28.63 level for the day. The stock recorded a low of $28.27 and closed the trading day at $28.58, in the green by 1.64%. The total traded volume for the day was 1,315,353. The stock had closed at $28.12 in the previous days trading.

In an insider trading activity, 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, 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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