Sally Beauty (SBH) Gets a Sell Rating from Raymond James
Raymond James analyst Joseph Altobello maintained a Sell rating on Sally Beauty (SBH) today. The company’s shares closed last Thursday at $24.32.
According to TipRanks.com, Altobello is a 5-star analyst with an average return of 21.2% and a 67.5% success rate. Altobello covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, MasterCraft Boat Holdings, and Acushnet Holdings.
Sally Beauty has an analyst consensus of Hold, with a price target consensus of $18.00.
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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 $980 million and had a net profit of $53.22 million.
Based on the recent corporate insider activity of 35 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.