Sally Beauty Holdings (SBH) Shares are Up 3.18%

Sally Beauty Holdings (SBH) has been under a strong bear grip, hence the stock is down -6.45% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.21% in the past 1 week. The stock has risen by 3.18% in the past week indicating that the buyers are active at lower levels, but the stock is down -6.09% in the past 4 weeks.

Sally Beauty Holdings Inc. has dropped 0.96% during the last 3-month period . Year-to-Date the stock performance stands at 0.11%. The stock has recorded a 20-day Moving Average of 0.61% and the 50-Day Moving Average is 2.96%.


Sally Beauty Holdings (NYSE:SBH): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.39 and $27.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.04. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.92, notching a gain of 1.86% for the day. The total traded volume was 1,250,431 . The stock had closed at $27.41 on the previous day.

Also, In the latest statement by the brokerage house, KeyBanc maintains its outlook on Sally Beauty Holdings (NYSE:SBH). The current rating of the shares is Overweight, according to the research report released by the firm. The brokerage firm 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, 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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