Sally Beauty Holdings (SBH) Misses Q1 EPS by 9c, Revenues Miss; Maintains FY20 Revenue and Same Store Sales Guidance

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Go back to Sally Beauty Holdings (SBH) Misses Q1 EPS by 9c, Revenues Miss; Maintains FY20 Revenue and Same Store Sales Guidance

Sally Beauty Holdings (SBH) PT Lowered to $16 at Cowen

February 7, 2020 10:56 AM EST

Cowen analyst Oliver Chen lowered the price target on Sally Beauty Holdings (NYSE: SBH) to $16.00 (from $21.00) while maintaining a Market Perform rating.

The analyst commented, "Point of Sale problems at SBS weighed on 1Q results and sidelined marketing investments to stimulate traffic; these... More