Sally Beauty Holdings, Inc. (NYSE:SBH) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 16, 2016
Zacks Investment Research has upgraded Sally Beauty Holdings, Inc.(NYSE:SBH) to Hold in a statement released on 9/17/2016.
Yesterday Sally Beauty Holdings, Inc. (NYSE:SBH) traded 0.11% lower at $26.63. SBH’s 50-day moving average is $27.52 and its 200-day average is $29.56. The last stock price close is down 9.92% from the 200-day moving average, compared with the S&P 500 which has fallen -0.01% over the date range. Volume of trade was was up over the average, with 1,723,389 shares of SBH changing hands over the typical 1,522,390 shares..
See Graphic Below:
Sally Beauty Holdings, Inc. has a 52 week low of $21.94 and a one-year high of $32.93 with a PE ratio of 18. The company’s market cap is presently $0.0.
In addition to Zacks Investment Research reporting it’s price target, a total of 13 brokerages have issued a research note on SBH. The average target is $33.58 with two firms rating the stock a strong buy, seven analysts rating the stock a buy, seven analyts rating the stock a hold, 0 rating the stock to underperform, and finally one analystrating the stock as sell.
Brief Synopsis On Sally Beauty Holdings, Inc. (NYSE:SBH)
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, and beauty sundries and electrical appliances. BSG stores are located in secondary strip shopping centers.
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