Confidence in Sally Beauty (NYSE:SBH) Shares by KeyBanc Capital Mkts Rise.


Sally Beauty (NYSE:SBH) Stock Upgrade

New York-listed Sally Beauty (NYSE:SBH), was increased by research professionals at KeyBanc Capital Mkts. The firm increased its rating on the $4.00 billion market capitalized company to a respectable “Overweight” from their past rating of “Sector Weight”.

From a total of 13 analysts covering Sally Beauty Holdings (NYSE:SBH) stock, 8 rate it a ”Buy”, 1 a “Sell”, and 8 a ”Hold”. This means that 47% of the ratings are positive. The highest target price is $36 while the lowest target price is $24. The mean of all analyst targets is $29.08 with a 4.29% above today’s ($27.94) stock price. Sally Beauty Holdings was the topic of 11 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs upgraded shares on November 18 to “Buy” rating. Wells Fargo downgraded SBH stock in a recent report from October 22 to “Underperform” rating. Finally, B. Riley & Co downgraded the stock to “Neutral” rating in a report issued on an August 7.

The stock increased 5.35% or $1.42 on December 15, striking $27.94. Approximately 2.87M shares of stock traded hands or 19.09% up from the average. Sally Beauty Holdings, Inc. (NYSE:SBH) has declined 15.00% since May 12, 2015 and is downtrending. It has underperformed by 11.32% the S&P500.

Sally Beauty Holdings, Inc. is a retailer and distributor of beauty supplies. The company has a market cap of $4.00 billion. The Firm operates in North America, South America and Europe. It has 18.83 P/E ratio. Sally Beauty operates through two business divisions namely Sally Beauty Supply and Beauty Systems Group (BSG).

According to Zacks Investment Research, “SALLY BEAUTY HOLDING INC is an international specialty retailer and distributor of professional beauty supplies with revenues of more than $2.5 billion annually. Through they Supply and Beauty Systems Group businesses, the Company sells and distributes through over 3,500 stores, including approximately 200 franchised units, throughout the United States, the United Kingdom, Canada, Puerto Rico, Mexico, Japan, Ireland, Spain and Germany.”