In a report released yesterday, Stephanie Wissink from Jefferies reiterated a Hold rating on Sally Beauty (NYSE: SBH), with a price target of $14. The company’s shares closed yesterday at $14.11, close to its 52-week low of $13.72.
According to TipRanks.com, Wissink is a 2-star analyst with an average return of 1.1% and a 49.7% success rate. Wissink covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Build-A-Bear, and Ulta Salon.
Currently, the analyst consensus on Sally Beauty is a Moderate Sell with an average price target of $15.25, which is an 8.1% upside from current levels. In a report released yesterday, Oppenheimer also maintained a Hold rating on the stock.
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The company has a one-year high of $21.36 and a one-year low of $13.72. Currently, Sally Beauty has an average volume of 2.28M.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SBH in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Sally Beauty Holdings, Inc. is an international retailer and distributor of professional beauty supplies. It operates through the Sally Beauty Supply and Beauty Systems Group segments.
