Sally Beauty Holdings (Na found using ticker (SBH) have now 4 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 20 and 12 with the average target price sitting at 16. With the stocks previous close at 13.63 this now indicates there is a potential upside of 17.4%. The 50 day moving average now sits at 13.41 and the 200 day MA is 16.41. The market capitalisation for the company is $1,459m. Company Website: https://www.sallybeautyholdings.com
The potential market cap would be $1,713m based on the market concensus.
Sally Beauty Holdings operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals. This segment also provides products under third-party brands, such as Wella, Clairol, OPI, Conair, and L’Oreal, as well as exclusive-label brand merchandise. The Beauty Systems Group segment offers professional beauty products, such as hair color and care products, skin and nail care products, styling tools, and other beauty items directly to salons and salon professionals through its professional-only stores, e-commerce platforms, and sales force, as well as through franchised stores under the Armstrong McCall store name. This segment also sells products under third-party brands, such as Paul Mitchell, Wella, Matrix, Schwarzkopf, Kenra, Goldwell, Joico, and Olaplex. As of September 30, 2021, the company operated 4,777 stores, including 134 franchised units in the United States, Puerto Rico, Canada, Mexico, Chile, Peru, the United Kingdom, Ireland, Belgium, France, the Netherlands, Spain, and Germany. It also distributes its products through full-service/exclusive distributors, open-line distributors, direct sales, and mega-salon stores. Sally Beauty Holdings was founded in 1964 and is headquartered in Denton, Texas.
