Sally Beauty (SBH) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sally Beauty in the last year. There are currently 2 sell ratings, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" SBH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SBH, but not buy additional shares or sell existing shares.
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6 Wall Street analysts have issued 12 month target prices for Sally Beauty's stock. Their SBH share price forecasts range from $12.00 to $19.00. On average, they anticipate the company's share price to reach $16.00 in the next year. This suggests a possible upside of 39.0% from the stock's current price.
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Sally Beauty's stock was trading at $12.52 at the beginning of the year. Since then, SBH shares have decreased by 8.1% and is now trading at $11.51.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Sally Beauty Holdings, Inc. (NYSE:SBH) released its earnings results on Thursday, May, 4th. The specialty retailer reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.04. The specialty retailer earned $919 million during the quarter, compared to analyst estimates of $889 million. Sally Beauty had a trailing twelve-month return on equity of 62.12% and a net margin of 4.19%. The firm's revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the firm posted $0.47 earnings per share.

ETFs with the largest weight of Sally Beauty (NYSE:SBH) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), SPDR S&P Retail ETF (XRT), Direxion Daily Retail Bull 3X Shares (RETL), Conductor Global Equity Value ETF (CGV), Roundhill Acquirers Deep Value ETF (DEEP), Invesco S&P SmallCap 600 Pure Value ETF (RZV), First Trust Small Cap Value AlphaDEX Fund (FYT) and Distillate Small/Mid Cash Flow ETF (DSMC).

497 employees have rated Sally Beauty Chief Executive Officer Chris Brickman on Glassdoor.com. Chris Brickman has an approval rating of 49% among the company's employees. This puts Chris Brickman in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sally Beauty investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), Hawkins (HWKN), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Athabasca Oil (ATH), Gran Tierra Energy (GTE), Och-Ziff Capital Management Group (OZM) and Transocean (RIG).

Sally Beauty trades on the New York Stock Exchange (NYSE) under the ticker symbol "SBH."

Sally Beauty's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.62%), FMR LLC (14.97%), ArrowMark Colorado Holdings LLC (6.58%), State Street Corp (4.06%), Champlain Investment Partners LLC (3.63%) and LSV Asset Management (3.61%). Insiders that own company stock include Christian A Brickman, Edward W Rabin, Linda Heasley, Mark Gregory Spinks, Susan R Mulder and Timothy R Baer.
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Shares of SBH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SBH stock can currently be purchased for approximately $11.51.

Sally Beauty (NYSE:SBH) has a market capitalization of $1.24 billion and generates $3.82 billion in revenue each year. The specialty retailer earns $183.55 million in net income (profit) each year or $1.46 on an earnings per share basis.

The company employs 29,000 workers across the globe.

Sally Beauty's mailing address is 3001 COLORADO BOULEVARD, DENTON TX, 76210. The official website for the company is www.sallybeautyholdings.com. The specialty retailer can be reached via phone at (800) 777-5706, via email at jharkins@sallybeauty.com, or via fax at 940-297-4990.