Digital Initiatives And Retail Refreshes Will Shape Promising Future

Analysts have raised their price target for Sally Beauty Holdings to $14.45, citing management’s optimistic outlook, progress on strategic initiatives, Q3 results that outperformed expectations, and ongoing store and product enhancements. Analyst Commentary Management’s upbeat outlook and continued progress with strategic initiatives including enhanced customer centricity, increased innovation and product “newness,” and improved operational efficiency.

Analysts raised Sally Beauty Holdings’ price target to $13.45, citing stronger hair color trends, better-than-expected Q3 results, and growth initiatives like store renovations and new brand rollouts. Analyst Commentary Stronger hair color trends are providing a partial offset to weakness from more frugal, middle-income hair care shoppers.

With consensus forecasts for both revenue growth (1.3% per annum) and future P/E (7.85x) remaining unchanged, analysts have reaffirmed their fair value for Sally Beauty Holdings at $12.70. What's in the News FY25 guidance updated: comparable sales now expected to be approximately flat; consolidated net sales to be around 75 bps lower than comp sales due to FX impacts and ~30 fewer stores.

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

AnalystConsensusTarget has increased revenue growth from 0.8% to 1.2%.

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

AnalystConsensusTarget has decreased revenue growth from 1.2% to 0.8%, decreased future PE multiple from 10.2x to 8.4x and increased discount rate from 9.8% to 11.4%.