What Next for Sally Beauty Holdings, Inc. (SBH) After Forming Double Bottom?

September 17, 2017 - By Richard Conner

The chart of Sally Beauty Holdings, Inc. (SBH) shows a double bottom with $18.98 target or 6.00 % below today’s $20.19 share price. The 8 months chart pattern indicates high risk for the $2.65B company. It was reported on Sep, 17 by Finviz.com. If the $18.98 price target is reached, the company will be worth $159.00 million less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.05% or $0.01 on September 15, reaching $20.19. About 3.99 million shares traded or 88.21% up from the average. Sally Beauty Holdings, Inc. (NYSE:SBH) has declined 34.87% since September 17, 2016 and is downtrending. It has underperformed by 51.57% the S&P500.

Wall Street await Sally Beauty Holdings, Inc. (NYSE:SBH) to release earnings on November, 21. Analysts forecast earnings per share of $0.48, up exactly $0.07 or 17.07 % from 2014’s $0.41 EPS. The expected SBH’s profit could reach $63.00M giving the stock 10.52 P/E in the case that $0.48 earnings per share is reported. After posting $0.52 EPS for the previous quarter, Sally Beauty Holdings, Inc.’s analysts now forecast -7.69 % negative EPS growth.

Sally Beauty Holdings, Inc. (NYSE:SBH) Ratings Coverage

Among 15 analysts covering Sally Beauty Holdings (NYSE:SBH), 1 have Buy rating, 0 Sell and 14 Hold. Therefore 7% are positive. Sally Beauty Holdings had 33 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Sally Beauty Holdings, Inc. (NYSE:SBH) earned “Buy” rating by Goldman Sachs on Wednesday, November 18. The company was downgraded on Tuesday, January 19 by Morgan Stanley. The stock has “Hold” rating by Oppenheimer on Thursday, August 3. BMO Capital Markets maintained the stock with “Hold” rating in Friday, August 4 report. B. Riley & Co maintained the stock with “Neutral” rating in Monday, February 6 report. The rating was downgraded by Piper Jaffray to “Neutral” on Thursday, March 10. Oppenheimer upgraded the stock to “Outperform” rating in Tuesday, January 26 report. The firm has “Neutral” rating by B. Riley & Co given on Friday, August 7. The rating was upgraded by Wells Fargo on Thursday, June 2 to “Market Perform”. Johnson Rice upgraded the shares of SBH in report on Monday, August 10 to “Hold” rating.

More notable recent Sally Beauty Holdings, Inc. (NYSE:SBH) news were published by: Nasdaq.com which released: “Sally Beauty Holdings Enters Oversold Territory (SBH)” on August 18, 2017, also Nasdaq.com with their article: “Sally Beauty Holdings Inc (SBH) President & CEO Christian A. Brickman Bought …” published on August 18, 2017, Seekingalpha.com published: “Sally Beauty Holdings (SBH) Q3 2017 Results – Earnings Call Transcript” on August 03, 2017. More interesting news about Sally Beauty Holdings, Inc. (NYSE:SBH) were released by: Seekingalpha.com and their article: “Even In The Low $19s, Sally Beauty Looks Like A Good Short” published on April 06, 2017 as well as Businesswire.com‘s news article titled: “Sally Beauty Holdings, Inc. Names Carrie McDermott as President of Sally Beauty” with publication date: August 08, 2017.

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