TD Cowen analyst Oliver Chen maintains $Sally Beauty Holdings (SBH.US)$ with a hold rating, and adjusts the target price from $12 to $14.
According to TipRanks data, the analyst has a success rate of 53.0% and a total average return of 6.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Sally Beauty Holdings (SBH.US)$'s main analysts recently are as follows:
Signs of progress from strategic initiatives at Sally Beauty are 'taking shape.' Nevertheless, the forecast for FY25 remains uncertain amidst pressures on consumer spending and intensifying competition.
The company's forward momentum is recognized, driven by growth from both new and existing customers, along with strategic modernization initiatives such as the brand refresh, the introduction of Studio by Sally, the Happy Beauty marketplace, and product innovation.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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