In a report released yesterday, Shannon Coyne from BMO Capital 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, Coyne is ranked #4000 out of 4849 analysts.
Sally Beauty has an analyst consensus of Moderate Sell, with a price target consensus of $14.60, which is a 3.5% upside from current levels. In a report issued on August 2, Oppenheimer also maintained a Hold rating on the stock.
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Sally Beauty’s market cap is currently $1.69B and has a P/E ratio of 7.47. The company has a Price to Book ratio of -5.19.
Based on the recent corporate insider activity of 33 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.
