Blurbs

Morgan Stanley Sticks to Its Sell Rating for Sally Beauty (SBH)

Morgan Stanley analyst Simeon Gutman maintained a Sell rating on Sally Beauty (SBHResearch Report) today and set a price target of $11.00. The company’s shares opened today at $13.74.

Gutman covers the Consumer Goods sector, focusing on stocks such as Best Buy Co, Walmart, and Williams-Sonoma. According to TipRanks, Gutman has an average return of -0.7% and a 57.01% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Sally Beauty with a $14.00 average price target.

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The company has a one-year high of $21.86 and a one-year low of $11.28. Currently, Sally Beauty has an average volume of 1.32M.

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Sally Beauty Holdings, Inc. is an international retailer and distributor of professional beauty supplies. It operates through the following segments: Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment is an open-line and exclusive-label distributor of professional beauty supplies to both retail consumers and salon professionals primarily in North America, South America, and Europe. The Beauty Systems Group segment is a full-service beauty supply distributor offering professional brands directly to salons and salon professionals primarily in North America. The company was founded in 1964 and is headquartered in Denton, TX.

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