Oppenheimer Maintains a Hold Rating on Sally Beauty (SBH)
Oppenheimer analyst Rupesh Parikh maintained a Hold rating on Sally Beauty (SBH) today. The company’s shares closed last Monday at $10.09.
According to TipRanks.com, Parikh is a 5-star analyst with an average return of 12.9% and a 58.4% success rate. Parikh covers the Services sector, focusing on stocks such as United Natural Foods, Sprouts Farmers, and Dollar General.
Currently, the analyst consensus on Sally Beauty is a Hold with an average price target of $13.67.
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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 $980 million and net profit of $53.22 million. In comparison, last year the company earned revenue of $989 million and had a net profit of $65.73 million.
Based on the recent corporate insider activity of 39 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.
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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.