Cowen & Co. analyst Oliver Chen reiterated a Hold rating on Sally Beauty (NYSE: SBH) yesterday and set a price target of $14. The company’s shares closed yesterday at $14.13, close to its 52-week low of $13.72.
According to TipRanks.com, Chen is a 4-star analyst with an average return of 6.6% and a 53.1% success rate. Chen covers the Services sector, focusing on stocks such as Restoration Hardware Holdings Inc, Lululemon Athletica Inc, and Signet Jewelers Limited.
Currently, the analyst consensus on Sally Beauty is a Moderate Sell with an average price target of $14.75, implying a 4.4% 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 7.48. The company has a Price to Book ratio of -5.19.
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.
