Sally Beauty Holdings Inc (name TO BE Changed FR (NYSE:SBH)’s Stock Is Sell After More Market Selling

August 14, 2018 - By Kristen Paramore

Sally Beauty Holdings, Inc. (NYSE:SBH) Logo

The stock of Sally Beauty Holdings Inc (name TO BE Changed FR (NYSE:SBH) registered an increase of 11.77% in short interest. SBH’s total short interest was 27.23 million shares in August as published by FINRA. Its up 11.77% from 24.37 million shares, reported previously. With 1.54M shares average volume, it will take short sellers 18 days to cover their SBH’s short positions. The short interest to Sally Beauty Holdings Inc (name TO BE Changed FR’s float is 22.99%.

The stock increased 0.14% or $0.02 during the last trading session, reaching $14.37. About 1.29M shares traded. Sally Beauty Holdings, Inc. (NYSE:SBH) has declined 11.28% since August 14, 2017 and is downtrending. It has underperformed by 23.85% the S&P500.

Sally Beauty Holdings, Inc., together with its subsidiaries, operates as a specialty retailer and distributor of professional beauty supplies. The company has market cap of $1.72 billion. The firm operates through two divisions, Sally Beauty Supply and Beauty Systems Group. It has a 7.63 P/E ratio. The Sally Beauty Supply segment offers beauty products, including hair color and care, skin and nail care, beauty sundries, and styling tools for retail clients and salon professionals.

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

Among 6 analysts covering Sally Beauty Holdings (NYSE:SBH), 0 have Buy rating, 2 Sell and 4 Hold. Therefore 0 are positive. Sally Beauty Holdings has $17 highest and $13 lowest target. $15’s average target is 4.38% above currents $14.37 stock price. Sally Beauty Holdings had 9 analyst reports since March 26, 2018 according to SRatingsIntel. The firm earned “Market Perform” rating on Tuesday, August 7 by BMO Capital Markets. The stock has “Underweight” rating by Morgan Stanley on Friday, May 4. Bank of America maintained the shares of SBH in report on Friday, May 4 with “Neutral” rating. The stock of Sally Beauty Holdings, Inc. (NYSE:SBH) has “Underweight” rating given on Monday, August 6 by Morgan Stanley. DA Davidson maintained the shares of SBH in report on Monday, March 26 with “Neutral” rating. On Friday, May 4 the stock rating was downgraded by Robert W. Baird to “Hold”. The firm earned “Market Perform” rating on Friday, May 4 by BMO Capital Markets. Bank of America downgraded the shares of SBH in report on Monday, July 16 to “Underperform” rating. The firm has “Market Perform” rating by Cowen & Co given on Wednesday, June 20.

More recent Sally Beauty Holdings, Inc. (NYSE:SBH) news were published by: Seekingalpha.com which released: “Digging through the retail sales report” on July 16, 2018. Also Benzinga.com published the news titled: “4 Reasons Why Sally Beauty Was Hit With A BofA Downgrade” on July 16, 2018. Seekingalpha.com‘s news article titled: “Beauty names clipped by earnings” with publication date: August 09, 2018 was also an interesting one.

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

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