Sally Beauty Holdings (SBH) PT Raised to $15 at Canaccord Genuity

Canaccord Genuity analyst Susan Anderson raised the price target on Sally Beauty Holdings (NYSE: SBH) to $15.00 (from $14.00) while maintaining a Buy rating.

The analyst commented: 'On 8/5 before the open, Sally Beauty Holdings (SBH) reported 3Q25 (June-end) results with sales down -1.0% vs. our/Street estimates of -1.3%/-1.4%. Comps also beat expectations and were down -0.4% vs. our/Street estimate of -0.9% and guidance of flat to down -2%. The strong topline performance led to adj. EBIT margins of 9.2%, beating guidance of 8.0% to 8.5% and vs. our/Street estimate of 8.2%/8.0%. Segment performance was mixed, with Sally Beauty Supply (SBS) comps down -1.1% due to macro pressure impacting consumer demand. Beauty Systems Group (BSG) saw comps up +0.5%, driven by the professional channel seeing a recovery after an early 2025 weather-driven lull and the pro channel shopping newness in the channel. We believe management continues to take the right steps in building a dynamic place to shop for hair and incrementally adding more adjacent beauty products and testing store renovations to improve the customer experience. We believe there is more opportunity ahead as management continues to add new store renovations, add more brands, gain distribution in the distributor market, and potentially unleash the new and exciting Happy Beauty Co format to more regions. We remain buyers and raise our PT from $14 to $15."

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