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Merrill Lynch Keeps Their Sell Rating on Sally Beauty (SBH)


Merrill Lynch analyst Olivia Tong maintained a Sell rating on Sally Beauty (NYSE: SBH) today and set a price target of $16. The company’s shares opened today at $17.18.

According to TipRanks.com, Tong is ranked #2916 out of 4884 analysts.

Currently, the analyst consensus on Sally Beauty is a Hold with an average price target of $14.80.

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Sally Beauty’s market cap is currently $2.06B and has a P/E ratio of 9.07. The company has a Price to Book ratio of -6.30.

Based on the recent corporate insider activity of 26 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.