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Lucy Nieves

Sally Beauty No Longer In The Eye Of This Beholder, D.A. Davidson Downgrades

A windblown Sally Beauty Holdings, Inc. SBH is brushing out kinks. Citing hurricane impact, the company reported a 1.4-percent decline in same-store sales last quarter against Street expectations for a 1.1-percent rise.

The comps underperformance compounded top- and bottom-line misses and disappointing guidance, ultimately drawing out the cosmetics bears.

The Rating

D.A. Davidson analyst Linda Bolton Weiser downgraded Sally from Buy to Neutral and lowered her price target from $21 to $16. Source

We can expect an attempt to break out the falling channel. 

$SBH, Sally Beauty Holdings, Inc. (Name to be changed from Sally Holdings, Inc.) / D