Sally Beauty Holdings Inc. SBH was a big mover last session, as the company saw its shares rise more than 10% on the day. The upside came after the company reported better-than expected net sales for fourth-quarter fiscal 2015 of $964.2 million which also increased 2.1% year over year. The news led to far more shares changing hands than in a normal session, breaking the recent trend of the company, as the stock is now trading above the volatile price range of $22.13 to $24.02 over the past one-month time frame.
None of the estimates for this stock were revised in the past seven days. The Zacks Consensus Estimate also remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Sally Beauty carries a Zacks Rank #4 (Sell).
A better-ranked stock in the retail-misc/div is Regis Corp. RGS , sporting a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
