Oppenheimer analyst Rupesh Parikh assigned a Hold rating to Sally Beauty (SBH) today. The company’s shares closed last Tuesday at $23.71, close to its 52-week high of $25.66.
According to TipRanks.com, Parikh is a 5-star analyst with an average return of 13.8% and a 67.3% success rate. Parikh covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, The Estée Lauder Companies, and Albertsons Companies.
The word on The Street in general, suggests a Hold analyst consensus rating for Sally Beauty with a $25.50 average price target, representing a 6.0% upside. In a report issued on May 7, Morgan Stanley also maintained a Hold rating on the stock with a $23.00 price target.
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Based on Sally Beauty’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $936 million and net profit of $57.19 million. In comparison, last year the company earned revenue of $871 million and had a net profit of $13.37 million.
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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.
