Sally Beauty Holdings (NYSE:SBH) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.15 by 13 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 7 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, Wells Fargo upgrades its outlook on Sally Beauty Holdings (NYSE:SBH). The current rating of the shares is Market Perform, according to the research report released by the firm. Previously, the company had a rating of Underperform. The rating by the firm was issued on June 2, 2016.
Sally Beauty Holdings (NYSE:SBH): The mean short term price target for Sally Beauty Holdings (NYSE:SBH) has been established at $33.7 per share. The higher price target estimate is at $36 and the lower price target estimate is expected at $30 according to 10 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $2.16
Sally Beauty Holdings (NYSE:SBH) witnessed a decline in the market cap on Tuesday as its shares dropped 1.35% or 0.39 points. After the session commenced at $28.87, the stock reached the higher end at $28.96 while it hit a low of $28.44. With the volume soaring to 1,158,459 shares, the last trade was called at $28.48. The company has a 52-week high of $32.93. The company has a market cap of $4,167 million and there are 146,314,380 shares in outstanding. The 52-week low of the share price is $21.94.
Sally Beauty Holdings Inc. has dropped 2.26% in the last five trading days, however, the shares have posted positive gains of 1.03% in the last 4 weeks. Sally Beauty Holdings Inc. has dropped 12.04% during the last 3-month period . Year-to-Date the stock performance stands at 2.12%.
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.