Price Action Alert: After Today’s Big Decline, Is Sally Beauty Holdings, Inc.’s Near-Term Analysis Negative?

Price Action Alert: After Today's Big Decline, Is Sally Beauty Holdings, Inc.'s Near Term Analysis Negative?

The stock of Sally Beauty Holdings, Inc. (NYSE:SBH) is a huge mover today! About 8.97M shares traded hands or 457.14% up from the average. Sally Beauty Holdings, Inc. (NYSE:SBH) has declined 7.38% since April 13, 2016 and is downtrending. It has underperformed by 11.31% the S&P500.
The move comes after 6 months negative chart setup for the $3.74 billion company. It was reported on Nov, 15 by Barchart.com. We have $23.74 PT which if reached, will make NYSE:SBH worth $187.00 million less.

Sally Beauty Holdings, Inc. (NYSE:SBH) Ratings Coverage

Out of 12 analysts covering Sally Beauty Holdings (NYSE:SBH), 3 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 25% are positive. Sally Beauty Holdings has been the topic of 22 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was upgraded by Wells Fargo on Thursday, June 2 to “Market Perform”. The stock has “Perform” rating given by Oppenheimer on Tuesday, November 10. On Tuesday, January 26 the stock rating was upgraded by Oppenheimer to “Outperform”. The firm earned “Buy” rating on Wednesday, November 18 by Goldman Sachs. The stock of Sally Beauty Holdings, Inc. (NYSE:SBH) has “Underperform” rating given on Thursday, October 22 by Wells Fargo. Morgan Stanley maintained the shares of SBH in a report on Monday, March 14 with “Equal-Weight” rating. The firm earned “Hold” rating on Monday, August 10 by Johnson Rice. On Wednesday, April 20 the stock rating was initiated by BB&T Capital with “Hold”. The stock of Sally Beauty Holdings, Inc. (NYSE:SBH) has “Neutral” rating given on Thursday, March 10 by Piper Jaffray. The stock has “Overweight” rating given by KeyBanc Capital Markets on Tuesday, December 15.

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.”

More notable recent Sally Beauty Holdings, Inc. (NYSE:SBH) news were published by: Fool.com which released: “Why Sally Beauty Holdings, Inc. Tumbled Today” on November 15, 2016, also Nasdaq.com with their article: “Earnings Reaction History: Sally Beauty Holdings Inc., 25.0% Follow-Through …” published on November 15, 2016, Investorplace.com published: “Why Sally Beauty Holdings, Inc. Stock Is Falling Today” on September 29, 2016. More interesting news about Sally Beauty Holdings, Inc. (NYSE:SBH) were released by: Fool.com and their article: “Why Sally Beauty Holdings, Inc. Stock Fell Today” published on August 04, 2016 as well as Investorplace.com‘s news article titled: “Why Array Biopharma Inc (ARRY), Sally Beauty Holdings, Inc. (SBH) and Twitter …” with publication date: September 26, 2016.

SBH Company Profile

Sally Beauty Holdings, Inc. (Sally Beauty), incorporated on June 16, 2006, is a retailer and distributor of beauty supplies. The Firm operates in North America, South America and Europe. Sally Beauty operates through two business divisions namely Sally Beauty Supply and Beauty Systems Group (BSG). As of September 30, 2013, through Sally Beauty Supply and BSG, the Company operated over 4,480 company-operated stores and 180 franchised stores. The Firm has store locations in the United States (including Puerto Rico), Canada, Mexico, Chile, the United Kingdom, Ireland, Belgium, France, Germany, the Netherlands and Spain.

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