Morgan Stanley maintains Sally Beauty Holdings at Underweight, raises price target to $19 from $13

TD Cowen raised its price target for Sally Beauty Holdings (SBH) to $22.00 from $19.00, citing strategic progress and strong customer engagement. The stock has gained 51% in six months and 29% year-to-date. The firm expects comparable sales growth to accelerate, supported by improvements in key categories. SBH reported Q4 earnings of $0.62 per share, exceeding estimates, with revenue of $953 million. The company's P/E ratio is 9.18, and its gross profit margin is 52%.

Sally Beauty Holdings (SBH) reported Q4 2026 earnings of 62 cents per share, beating estimates by 2 cents. Revenue rose 0.6% to $952.5 million, surpassing expectations. Digital sales grew 8%, marking 12 straight quarters of growth. The company plans to expand its Sally Ignited stores and expects fiscal 2027 sales of $3.77-$3.81 billion.

Jefferies raised its price target for Sally Beauty Holdings (SBH) to $21 from $15, citing Q4 results that beat estimates. The stock is near its 52-week high. Management provided fiscal 2027 guidance above consensus. Raymond James also raised its target to $23, noting better-than-expected sales and margins. SBH trades on NYSE.

Raymond James raised its price target for Sally Beauty (SBH) to $23 from $18, citing better-than-expected Q4 earnings of $0.62 per share and strong comparable sales. The company provided fiscal 2027 guidance in line with expectations, with shares trading near a 52-week high. Raymond James maintained an Outperform rating and adjusted its forecasts for sales and margins.

Sally Beauty (SBH) reported Q4 earnings, with management highlighting strong core color services but inconsistent add-on services due to inflation. For fiscal 2027, the company expects net sales of $3.77B-$3.81B, adjusted earnings of $2.20-$2.30 per share, and plans to deploy 50% of free cash flow to share repurchases. The company aims to expand its Sally Ignited and Happy Beauty concepts, with comparable sales in Ignited stores running at 8%-10%.

Sally Beauty (SBH) reported Q4 2026 net sales of $953M, with comparable sales up 1% and adjusted EPS up 13% to $0.62. The company repurchased $113M in stock and repaid $80M in debt. Sally Beauty segment saw 2% comparable sales growth, driven by color sales up 7% and digital sales up 13%. BSG segment saw a 0.6% decline in comparable sales but improved operating margin to 12.7%. The company plans to relaunch the Ion care line in fiscal 2027 and expand digital and product innovation initiatives.