Sally Beauty Holdings (NYSE:SBH) : 10 Wall Street analysts covering Sally Beauty Holdings (NYSE:SBH) believe that the average level the stock could reach for the short term is $33.7. The maximum price target given is $36 and the minimum target for short term is around $30, hence the standard deviation is calculated at $2.16.
Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, Wells Fargo upgrades its outlook on Sally Beauty Holdings (NYSE:SBH). The current rating of the shares is Market Perform, according to the research report released by the firm. Previously, the company had a rating of Underperform. The rating by the firm was issued on June 2, 2016.
Sally Beauty Holdings (NYSE:SBH): stock turned positive on Thursday. Though the stock opened at $28.6, the bulls momentum made the stock top out at $29.1 level for the day. The stock recorded a low of $28.55 and closed the trading day at $29.1, in the green by 2.36%. The total traded volume for the day was 1,840,914. The stock had closed at $28.43 in the previous days trading.
The company shares have dropped -7.69% from its 1 Year high price. On Mar 30, 2016, the shares registered one year high at $32.93 and the one year low was seen on Oct 22, 2015. The 50-Day Moving Average price is $29.24 and the 200 Day Moving Average price is recorded at $29.55. On the companys insider trading activities, Eisenberg Marshall E, director of Sally Beauty Holdings, Inc., unloaded 12,000 shares at an average price of $30.32 on June 2, 2016. The total amount of the transaction was worth $363,840, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Sally Beauty Holdings, Inc. (Sally Beauty) is a retailer and distributor of beauty supplies. The Company operates in North America, South America and Europe. Sally Beauty operates through two business segments namely Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty provides its customers with a variety of third-party branded beauty supplies, including hair color products, hair care products, styling appliances, brushes, nail care products, ethnic products and beauty items. Sally Beauty Supply is an open-line distributor of professional beauty supplies in the United States. Sally beauty supply products are sold in shopping centers, grocery stores, mass merchants and home centers. BSG is a full-service distributor of beauty supplies in North America. BSG and Armstrong McCall stores provide beauty product SKUs that include hair color, hair care, skin and nail care, beauty sundries and electrical appliances. BSG stores are located in secondary strip shopping centers.