Oppenheimer Reaffirms Their Hold Rating on Sally Beauty

By Jason Carr

Oppenheimer analyst Rupesh Parikh reiterated a Hold rating on Sally Beauty (NYSE: SBH) today. The company’s shares opened today at $19.29, close to its 52-week low of $17.26.

According to TipRanks.com, Parikh is a 5-star analyst with an average return of 16.2% and a 63.0% success rate. Parikh covers the Services sector, focusing on stocks such as United Natural Foods, Life Time Fitness, and Bob Evans Farms.

Sally Beauty has an analyst consensus of Hold, with a price target consensus of $26.

Sally Beauty’s market cap is currently $2.66B and has a P/E ratio of 12.02. The company has a book value ratio of -8.3695.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SBH in relation to earlier this year. Last month, Christian Brickman, the President & CEO of SBH bought 10,000 shares for a total of $198,700.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Sally Beauty Holdings, Inc. is an international retailer and distributor of professional beauty supplies. It operates through the Sally Beauty Supply and Beauty Systems Group segments. The Sally Beauty Supply segment is an open-line and exclusive-label distributor of professional beauty supplies offering professional beauty supplies to both retail consumers and salon professionals primarily in North America, Europe, Puerto Rico and South America. The Beauty Systems Group segment is a full-service beauty supply distributor offering professional brands directly to salons and salon professionals primarily in North America, Puerto Rico, the United Kingdom and certain other European countries. The company was founded on June 16, 2006 and is headquartered in Denton, TX.