Sally Beauty (SBH) Stock Forecast & Price Target

$11.13

-0.21 (-1.85%)

(As of 07/29/2024 ET)

Sally Beauty - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 4 Analyst Ratings

Based on 4 Wall Street analysts who have issued ratings for Sally Beauty in the last 12 months, the stock has a consensus rating of "Hold." Out of the 4 analysts, 1 has given a sell rating, 2 have given a hold rating, and 1 has given a buy rating for SBH.

Consensus Price Target

$11.25
1.08% Upside

High Forecast	$13.00
Average Forecast	$11.25
Low Forecast	$8.00

According to the 4 analysts' twelve-month price targets for Sally Beauty, the average price target is $11.25. The highest price target for SBH is $13.00, while the lowest price target for SBH is $8.00. The average price target represents a forecasted upside of 1.08% from the current price of $11.13.

Type	Current Forecast 7/30/23 to 7/29/24	1 Month Ago 6/30/23 to 6/29/24	3 Months Ago 5/1/23 to 4/30/24	1 Year Ago 7/30/22 to 7/30/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$11.25	$12.00	$12.00	$16.00
Forecasted Upside	1.08% Upside	7.84% Upside	7.84% Upside	-0.24% Downside

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SBH Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SBH Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Sally Beauty Stock vs. The Competition

Type	Sally Beauty	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.00	2.45	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	1.08% Upside	53.67% Upside	8.99% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
7/11/2024	Piper Sandler 2 of 5 stars	Lower Target	Overweight ➝ Overweight	$14.00 ➝ $13.00	+30.78%
4/17/2024	TD Cowen 4 of 5 stars	Lower Target	Hold ➝ Hold	$13.00 ➝ $11.00	+6.59%
2/7/2024	DA Davidson 3 of 5 stars	Boost Target	Neutral ➝ Neutral	$12.00 ➝ $13.00	+0.85%
11/15/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Underweight ➝ Underweight	$10.00 ➝ $8.00	-13.89%
2/16/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Market Perform	$14.00 ➝ $19.00	+9.13%
8/12/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform	$17.00	+11.77%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 06:21 PM ET.

SBH Forecast - Frequently Asked Questions

What is Sally Beauty's forecast for 2024?: According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Sally Beauty is $11.25, with a high forecast of $13.00 and a low forecast of $8.00.
Should I buy or sell Sally Beauty stock right now?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sally Beauty in the last twelve months. There is currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SBH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SBH, but not buy additional shares or sell existing shares.
Does Sally Beauty's stock price have much upside?: According to analysts, Sally Beauty's stock has a predicted upside of 6.03% based on their 12-month stock forecasts.
What analysts cover Sally Beauty?: Sally Beauty has been rated by research analysts at Piper Sandler in the past 90 days.
Do Wall Street analysts like Sally Beauty more than its competitors?: Analysts like Sally Beauty less than other "retail/wholesale" companies. The consensus rating score for Sally Beauty is 2.00 while the average consensus rating score for "retail/wholesale" companies is 2.45. Learn more on how SBH compares to other companies.