Analysts Say Wait for Comps Acceleration Before Buying Sally Beauty (SBH)

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On Thursday Sally Beauty Holdings (NYSE: SBH) reported fiscal 4Q results that analysts at Oppenheimer said showed slowing same store sales growth and margin expansion that was not as robust as anticipated.

Commenting on SBH guidance, analyst Joseph Altobello said "While initial fiscal 2013 guidance is encouraging, we believe multiple expansion will likely be difficult to come by until same store sales growth begins to accelerate once again, which is not expected until the second half of fiscal 2013."

Oppenheimer has a Perform rating on Sally Beauty Holdings (NYSE: SBH).

For an analyst ratings summary and ratings history on Sally Beauty Holdings click here. For more ratings news on Sally Beauty Holdings click here.

Shares of Sally Beauty Holdings closed at $24.75 yesterday, with a 52 week range of $18.80-$28.35.

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