Exclusive: It Seems Sally Beauty Holdings, Inc. Will Go Up. Have Another Big Increase

Exclusive: It Seems Sally Beauty Holdings, Inc. Will Go Up. Have Another Big Increase

The stock of Sally Beauty Holdings, Inc. (NYSE:SBH) is a huge mover today! About 2.44M shares traded hands or 29.10% up from the average. Sally Beauty Holdings, Inc. (NYSE:SBH) has declined 18.69% since April 14, 2016 and is downtrending. It has underperformed by 23.38% the S&P500.
The move comes after 8 months positive chart setup for the $3.27 billion company. It was reported on Nov, 16 by Barchart.com. We have $35.65 PT which if reached, will make NYSE:SBH worth $1.18B more.

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 “Hold” rating by BB&T Capital given on Wednesday, April 20. On Tuesday, November 10 the stock rating was maintained by Oppenheimer with “Perform”. The rating was downgraded by Piper Jaffray on Thursday, March 10 to “Neutral”. On Thursday, October 22 the stock rating was downgraded by Wells Fargo to “Underperform”. The firm has “Hold” rating by Johnson Rice given on Monday, August 10. The stock has “Buy” rating given by Goldman Sachs on Wednesday, November 18. The stock of Sally Beauty Holdings, Inc. (NYSE:SBH) has “Market Perform” rating given on Thursday, June 2 by Wells Fargo. On Tuesday, January 19 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. The stock of Sally Beauty Holdings, Inc. (NYSE:SBH) has “Overweight” rating given on Tuesday, December 15 by KeyBanc Capital Markets. The rating was maintained by Morgan Stanley with “Equal-Weight” on Monday, March 14.

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 recent Sally Beauty Holdings, Inc. (NYSE:SBH) news were published by: Fool.com which released: “Why Sally Beauty Holdings, Inc. Tumbled Today” on November 15, 2016. Also Blogs.Wsj.com published the news titled: “CFO Moves: CBS Radio, Prosper Marketplace, Sally Beauty Holdings” on November 16, 2016. Nasdaq.com‘s news article titled: “Earnings Reaction History: Sally Beauty Holdings Inc., 25.0% Follow-Through …” with publication date: November 15, 2016 was also an interesting one.

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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