The stock of Sally Beauty Holdings, Inc. (NYSE:SBH) is a huge mover today! About 1.24M shares traded hands. Sally Beauty Holdings, Inc. (NYSE:SBH) has declined 19.61% since March 1, 2016 and is downtrending. It has underperformed by 28.86% the S&P500.
The move comes after 6 months positive chart setup for the $3.64B company. It was reported on Oct, 4 by Barchart.com. We have $32.48 PT which if reached, will make NYSE:SBH worth $1.06B more.
Analysts await Sally Beauty Holdings, Inc. (NYSE:SBH) to report earnings on November, 10. They expect $0.42 earnings per share, up 10.53% or $0.04 from last year’s $0.38 per share. SBH’s profit will be $60.71 million for 14.99 P/E if the $0.42 EPS becomes a reality. After $0.47 actual earnings per share reported by Sally Beauty Holdings, Inc. for the previous quarter, Wall Street now forecasts -10.64% negative EPS growth.
Sally Beauty Holdings, Inc. (NYSE:SBH) Ratings Coverage
Out of 12 analysts covering Sally Beauty Holdings (NYSE:SBH), 3 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 25% are positive. Sally Beauty Holdings has been the topic of 22 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating by KeyBanc Capital Markets given on Tuesday, December 15. On Monday, March 14 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The stock of Sally Beauty Holdings, Inc. (NYSE:SBH) has “Perform” rating given on Tuesday, November 10 by Oppenheimer. The rating was initiated by BB&T Capital with “Hold” on Wednesday, April 20. Oppenheimer upgraded Sally Beauty Holdings, Inc. (NYSE:SBH) rating on Tuesday, January 26. Oppenheimer has “Outperform” rating and $30 price target. The stock of Sally Beauty Holdings, Inc. (NYSE:SBH) earned “Underperform” rating by Wells Fargo on Thursday, October 22. The company was upgraded on Thursday, June 2 by Wells Fargo. The firm earned “Neutral” rating on Friday, August 7 by B. Riley & Co. The company was downgraded on Tuesday, January 19 by Morgan Stanley. The firm has “Buy” rating by Goldman Sachs given on Wednesday, November 18.
According to Zacks Investment Research, “SALLY BEAUTY HOLDING INC is an international specialty retailer and distributor of professional beauty supplies with revenues of more than $2.5 billion annually. Through they Supply and Beauty Systems Group businesses, the Company sells and distributes through over 3,500 stores, including approximately 200 franchised units, throughout the United States, the United Kingdom, Canada, Puerto Rico, Mexico, Japan, Ireland, Spain and Germany.”
More notable recent Sally Beauty Holdings, Inc. (NYSE:SBH) news were published by: Investorplace.com which released: “Why Sally Beauty Holdings, Inc. Stock Is Falling Today” on September 29, 2016, also Investorplace.com with their article: “Why Array Biopharma Inc (ARRY), Sally Beauty Holdings, Inc. (SBH) and Twitter …” published on September 26, 2016, Fool.com published: “Why Sally Beauty Holdings, Inc. Stock Fell Today” on August 04, 2016. More interesting news about Sally Beauty Holdings, Inc. (NYSE:SBH) were released by: Prnewswire.com and their article: “Sally Beauty Holdings & Versum Materials Set to Join the S&P MidCap 400 …” published on September 23, 2016 as well as Marketwatch.com‘s news article titled: “Sally Beauty shares sink after CFO resignation” with publication date: September 29, 2016.
SBH Company Profile
Sally Beauty Holdings, Inc. (Sally Beauty), incorporated on June 16, 2006, is a retailer and distributor of beauty supplies. The Firm operates in North America, South America and Europe. Sally Beauty operates through two business divisions namely Sally Beauty Supply and Beauty Systems Group (BSG). As of September 30, 2013, through Sally Beauty Supply and BSG, the Company operated over 4,480 company-operated stores and 180 franchised stores. The Firm has store locations in the United States (including Puerto Rico), Canada, Mexico, Chile, the United Kingdom, Ireland, Belgium, France, Germany, the Netherlands and Spain.
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