Canaccord noted Sally Beauty (SBH) shares have sold off around roughly 13% since the tariff announcement despite having limited direct exposure to tariffs. They believe the products and brands the company stocks are primarily manufactured in the US, Mexico, or Europe with the exception of its hair tools business, which accounts for mid-teens percentage of sales. Canaccord said shares are trading just above trough valuation and they maintain their Buy ratig and $14 price target on Sally Beauty shares.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SBH:
- Madison Reed expands into select Sally Beauty stores
- Elf Beauty, Helen of Troy exposed to China tariffs, says Canaccord
- Uber announce partnership with Sally Beauty to bring products to Uber Eats
- Sally Beauty to relocate corporate headquarters within greater Dallas-FW area
- Sally Beauty Holdings Q1 Earnings Call Highlights Growth Amid Challenges