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Analyst Rating: Will Sally Beauty Holdings Inc (SBH) Stock Outperform the Market?

Tuesday, November 21, 2023 01:53 PM | InvestorsObserver Analysts

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Analyst Rating: Will Sally Beauty Holdings Inc (SBH) Stock Outperform the Market?

Wall Street is positive on Sally Beauty Holdings Inc (SBH). On average, analysts give SBH a Hold rating. The average price target is $10.1, which means analysts expect the stock to climb by 3.17% over the next twelve months. That average ranking earns SBH an Analyst Rating of 4, which is better than 4% of stocks based on data compiled by InvestorsObserver.

Overall Score - 2.8
Wall Street analysts are rating SBH a Hold today. Find out what this means to you and get the rest of the rankings on SBH!

Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Sally Beauty Holdings Inc Stock Today?

Sally Beauty Holdings Inc (SBH) stock has risen 3.49% while the S&P 500 is down -0.16% as of 1:52 PM on Tuesday, Nov 21. SBH is up $0.33 from the previous closing price of $9.46 on volume of 990,581 shares. Over the past year the S&P 500 is up 14.94% while SBH is down -17.10%. SBH earned $1.69 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 5.8. Click Here to get the full Stock Report for Sally Beauty Holdings Inc stock.

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