Robert W. Baird Reiterates a Buy Rating on Sally Beauty

By Carrie Williams

Robert W. Baird analyst Mark Altschwager reiterated a Buy rating on Sally Beauty (NYSE: SBH) on December 21 and set a price target of $21. The company’s shares closed yesterday at $18.68.

According to TipRanks.com, Altschwager is a 2-star analyst with an average return of 0.3% and a 43.4% success rate. Altschwager covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Abercrombie Fitch, and Urban Outfitters.

Sally Beauty has an analyst consensus of Hold, with a price target consensus of $17.20.

The company has a one-year high of $26.98 and a one-year low of $14.05. Currently, Sally Beauty has an average volume of 2.38M.

Based on the recent corporate insider activity of 37 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.

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.