Susan Anderson, an analyst from Canaccord Genuity, maintained the Buy rating on Sally Beauty. The associated price target remains the same with $20.00.
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Susan Anderson has given his Buy rating due to a combination of factors including solid execution and resilient financial performance, while maintaining an unchanged $20 price target. Sally Beauty delivered sales and comparable-store growth slightly above expectations, expanded adjusted EBIT margins through stronger product profitability and cost discipline, and posted another quarter of double-digit e-commerce gains that now represent a meaningful share of revenue.
In addition, management’s strategic initiatives in store remodels, merchandising, and category expansion are already driving better traffic, higher units per transaction, and outperformance in refreshed locations, particularly in the Sally Beauty segment. Anderson views the company’s narrowed but intact full-year outlook and conservative near-term guidance as attainable, with room for same-store sales to accelerate as more remodels roll out and new product categories scale, supporting upside potential from current valuation levels.
Anderson covers the Consumer Cyclical sector, focusing on stocks such as Sally Beauty, Olaplex Holdings, and Peloton Interactive. According to TipRanks, Anderson has an average return of 16.4% and a 42.97% success rate on recommended stocks.
In another report released today, TD Cowen also assigned a Buy rating to the stock with a $17.00 price target.