Why Sally Beauty (SBH) Stock Is Up Today

What Happened?

Shares of beauty supply retailer Sally Beauty (NYSE:SBH) jumped 3.6% in the afternoon session after investor optimism grew around the company's growth plans and a new delivery partnership. 

The company's initiatives included store refreshes, new digital tools, and expansion into new categories like skin care. A cost-saving program, called “Fuel for Growth,” was expected to save the company US$120 million and help push profit margins back into the double digits. Additionally, Sally Beauty announced a partnership with DoorDash for a pop-up event called "Beauty on the Go" in New York City, blending its beauty expertise with on-demand delivery. This combination of internal improvements and new collaborations appeared to attract positive investor attention.

After the initial pop the shares cooled down to $15.57, up 3.6% from previous close.

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What Is The Market Telling Us

Sally Beauty’s shares are very volatile and have had 22 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 8 days ago when the stock gained 4.8% on the news that an analyst at Canaccord Genuity raised the stock's price target. Canaccord Genuity analyst Susan Anderson increased the price target on the beauty retailer to $19.00 from $15.00, marking a 26.67% jump. Anderson maintained a 'Buy' rating on the shares, but the substantially higher target suggests a more bullish outlook on the company's future performance. This positive revision from the investment firm signals growing confidence in the stock's potential upside, driving investor sentiment for the day.

Sally Beauty is up 45.7% since the beginning of the year, and at $15.57 per share, it is trading close to its 52-week high of $15.79 from September 2025. Investors who bought $1,000 worth of Sally Beauty’s shares 5 years ago would now be looking at an investment worth $1,620.

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