Oppenheimer analyst Rupesh Parikh maintained a Buy rating on Sally Beauty (NYSE:SBH) Holdings on Tuesday, setting a price target of 18, which is approximately 28.66% above the present share price of $13.99.
Parikh expects Sally Beauty Holdings to post earnings per share (EPS) of $0.63 for the first quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Hold rating of shares in Sally Beauty, with an average price target of $14.2.
The analysts price targets range from a high of $18 to a low of $11.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $957.81 million and a net profit of $122.16 million. The company's market cap is $1.69 billion.
According to TipRanks.com, Oppenheimer analyst Rupesh Parikh is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 15.8% and a 67.15% success rate.
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.