Key Equity Analysts at Robert W. Baird Maintain their ‘Buy’ rating for Sally Beauty (NYSE:SBH) Shares Today. Their PT Given is $21.0

April 17, 2018 - By Adrian Mccoy

Sally Beauty Holdings, Inc. (NYSE:SBH) Logo

Sally Beauty (NYSE:SBH) Rating Reaffirmed

They currently have a $21.0 TP on Sally Beauty (NYSE:SBH). The target price by Robert W. Baird would suggest a potential upside of 26.89 % from the company’s last stock close price. This has been revealed in a research note on 21 December.

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

Among 10 analysts covering Sally Beauty (NYSE:SBH), 2 have Buy rating, 1 Sell and 7 Hold. Therefore 20% are positive. Sally Beauty has $26.0 highest and $14 lowest target. $17.33’s average target is 4.71% above currents $16.55 stock price. Sally Beauty had 16 analyst reports since October 30, 2017 according to SRatingsIntel. On Thursday, November 16 the stock rating was downgraded by DA Davidson to “Neutral”. The company was maintained on Wednesday, November 15 by BMO Capital Markets. The company was downgraded on Wednesday, November 8 by Morgan Stanley. The stock has “Neutral” rating by Buckingham Research on Tuesday, February 6. The rating was maintained by Bank of America with “Neutral” on Thursday, November 16. The stock of Sally Beauty Holdings, Inc. (NYSE:SBH) has “Buy” rating given on Tuesday, November 14 by Robert W. Baird. The company was maintained on Thursday, February 8 by BMO Capital Markets. The rating was maintained by DA Davidson with “Neutral” on Monday, March 26. As per Thursday, November 16, the company rating was maintained by Morgan Stanley. Nomura maintained it with “Neutral” rating and $18 target in Thursday, November 16 report.

The stock increased 1.60% or $0.26 during the last trading session, reaching $16.55. About 1.69M shares traded. Sally Beauty Holdings, Inc. (NYSE:SBH) has declined 20.34% since April 17, 2017 and is downtrending. It has underperformed by 31.89% the S&P500.

Analysts await Sally Beauty Holdings, Inc. (NYSE:SBH) to report earnings on May, 3. They expect $0.56 earnings per share, up 27.27 % or $0.12 from last year’s $0.44 per share. SBH’s profit will be $71.06M for 7.39 P/E if the $0.56 EPS becomes a reality. After $0.44 actual earnings per share reported by Sally Beauty Holdings, Inc. for the previous quarter, Wall Street now forecasts 27.27 % EPS growth.

Sally Beauty Holdings, Inc., together with its subsidiaries, operates as a specialty retailer and distributor of professional beauty supplies. The company has market cap of $2.10 billion. The firm operates through two divisions, Sally Beauty Supply and Beauty Systems Group. It has a 9.15 P/E ratio. The Sally Beauty Supply segment offers beauty products, including hair color and care, skin and nail care, beauty sundries, and styling tools for retail clients and salon professionals.

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

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