TD Cowen Maintains Buy on Sally Beauty Holdings, Raises Price Target to $19
TD Cowen analyst Oliver Chen maintains Sally Beauty Holdings (NYSE:SBH) with a Buy and raises the price target from $17 to $19.
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Sally Beauty Holdings shares are trading higher after the company reported better-than-expected Q3 adjusted EPS results.
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- Aug 3, 2026, 2:43 PM
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Why Sally Beauty Stock Popped Today
Sally Beauty Holdings reported progress in its turnaround strategy with net sales up 0.2% to $935 million in Q3, comparable sales growth of 1.6%, and strong e-commerce performance with online sales up 11%. The company improved profit margins, generated $62 million in free cash flow, and increased adjusted EPS by 8% to $0.55. Management projects full-year sales of $3.7 billion and EPS of $2.04-$2.08, with plans to expand into new categories like fragrances and men's products.
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Read original at benzinga