Sally Beauty Holdings Price Target Increased to $33.00 by Analysts at Credit Suisse (SBH)
Research analysts at Credit Suisse upped their target price on shares of Sally Beauty Holdings (NYSE:SBH) from $27.65 to $33.00 in a report released on Tuesday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Credit Suisse’s price target would indicate a potential upside of 19.35% from the stock’s previous close.
A number of other analysts have also recently weighed in on SBH. Analysts at Sterne Agee upgraded shares of Sally Beauty Holdings from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $33.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Sally Beauty Holdings from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 14th. They now have a $29.50 price target on the stock. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Sally Beauty Holdings presently has an average rating of “Hold” and a consensus price target of $32.13.
Shares of Sally Beauty Holdings (NYSE:SBH) traded up 1.77% on Tuesday, hitting $28.14. The stock had a trading volume of 1,436,005 shares. Sally Beauty Holdings has a 52 week low of $25.00 and a 52 week high of $31.86. The stock’s 50-day moving average is $29.02 and its 200-day moving average is $27.66. The company has a market cap of $4.612 billion and a P/E ratio of 18.68.
Sally Beauty Holdings (NYSE:SBH) last posted its quarterly earnings results on Thursday, November 14th. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.39 by $0.01. The company had revenue of $906.00 million for the quarter, compared to the consensus estimate of $909.87 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts predict that Sally Beauty Holdings will post $1.66 earnings per share for the current fiscal year.
Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe.
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