Breaking: Sally Beauty (NYSE:SBH) “Buy” Rating Kept by Robert W. Baird Today; The Target is $21.0

April 17, 2018 - By Marie Mckinney

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

Sally Beauty (NYSE:SBH) Rating Reaffirmed

Robert W. Baird now has a $21.0 price target on the $2.10B market cap company or 26.89 % upside potential. In an analyst note issued to clients and investors on 21 December, Sally Beauty (NYSE:SBH) shares have had their “Buy” Rating reconfirmed by equity research analysts at Robert W. Baird.

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. Cowen & Co maintained the shares of SBH in report on Thursday, February 8 with “Buy” rating. The stock has “Buy” rating by Robert W. Baird on Monday, October 30. On Thursday, December 21 the stock rating was maintained by Robert W. Baird with “Buy”. The company was maintained on Thursday, November 16 by Buckingham Research. On Wednesday, November 22 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. Bank of America maintained Sally Beauty Holdings, Inc. (NYSE:SBH) rating on Thursday, November 16. Bank of America has “Neutral” rating and $17 target. Robert W. Baird maintained the stock with “Buy” rating in Tuesday, November 14 report. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, November 15. The stock of Sally Beauty Holdings, Inc. (NYSE:SBH) earned “Underweight” rating by Morgan Stanley on Thursday, November 16. The stock has “Hold” rating by Jefferies on Monday, November 13.

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 $71.06 million 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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