Morgan Stanley Upgrades Sally Beauty (SBH) to Hold
Morgan Stanley analyst Simeon Gutman upgraded Sally Beauty (SBH) to Hold today. The company’s shares closed last Tuesday at $13.83.
According to TipRanks.com, Gutman ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -7.3% and a 58.6% success rate. Gutman covers the Consumer Goods sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, National Vision Holdings, and Floor & Decor Holdings.
Currently, the analyst consensus on Sally Beauty is a Hold with an average price target of $14.00.
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Sally Beauty’s market cap is currently $1.56B and has a P/E ratio of 13.70. The company has a Price to Book ratio of -2.60.
Based on the recent corporate insider activity of 40 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 following segments: Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment is an open-line and exclusive-label distributor of professional beauty supplies to both retail consumers and salon professionals primarily in North America, South America, and Europe. The Beauty Systems Group segment is a full-service beauty supply distributor offering professional brands directly to salons and salon professionals primarily in North America. The company was founded in 1964 and is headquartered in Denton, TX.