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Enter Symbol:
Rating: SBH
Outperform $30

Sally Beauty Holdings, Inc. (NYSE: SBH) upgraded to Outperform with price target $30 by Oppenheimer

Tuesday,  Jan 26, 2016  10:25 AM ET by Betsy O'Brien Harrison

Oppenheimer upgraded Sally Beauty Holdings, Inc. (NYSE: SBH) to Outperform with price target $30. Previously Oppenheimer upgraded to Sally
Beauty Holdings, Inc. (NYSE: SBH) to Perform with price target $25 on 11/10/2015, when the stock price was $22.78. Since then, Sally Beauty Holdings, Inc.'s stock price has gained 18% as of 01/26/2016's recent price of $26.77.

Sally Beauty Holdings, Inc. (Sally Beauty) is a distributor of professional beauty supplies in the United States. The Company operates through two business units: Sally Beauty Supply and Beauty Systems Group (BSG). Through Sally Beauty Supply and BSG (which operates stores under the CosmoProf service mark), the Company operated a multi-channel platform of 3,727 stores and supplied 187 franchised stores primarily in North America, South America and selected European countries, as of September 30, 2009. Within BSG, the Company also has the networks of professional distributor sales consultants in North America, with approximately 1,022 professional distributor sales consultants who sell directly to salons and salon professionals. On September 4, 2009, the Company acquired Distribuidora Intersalon Limitada. On September 18, 2009, the Company acquired Belleza Concept International, Inc. On September 30, 2009, the Company acquired Schoeneman Beauty Supply, Inc.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.



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