New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 17, 2014
07:03 EDTSBHSally Beauty issues update on unauthorized intrustion into network
Sally Beauty says "As we previously stated on March 5th, our systems detected an unauthorized attempted intrusion into our Sally Beauty Supply LLC network. At the time of this discovery, we immediately engaged a top-tier forensics firm to investigate this security incident. As a result of this ongoing investigation, we have now discovered evidence that fewer than 25,000 records containing card-present payment card data have been illegally accessed on our systems and we believe it may have been removed. As experience has shown in prior data security incidents at other companies, it is difficult to ascertain with certainty the scope of a data security breach/incident prior to the completion of a comprehensive forensic investigation. As a result, we will not speculate as to the scope or nature of the data security incident. We take this criminal activity very seriously. We continue to work diligently with Verizon on this investigation and are taking necessary actions and precautions to mitigate and remediate the issues caused by this security incident. In addition, we are working with the United States Secret Service on their preliminary investigation into the matter.Customers are our top priority at Sally Beauty, and we will be responding to customers’ needs concerning this security incident. Please check our website in the coming days to learn about the progress of our work to address the security incident, the status of our investigation, and steps we will be taking to assist any affected customer. We will be providing appropriate notifications to affected consumers and others, as necessary, as the facts develop and we learn more."
News For SBH From The Last 14 Days
Check below for free stories on SBH the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 12, 2014
10:40 EDTSBHUlta rallies following better than expected results, increased FY14 outlook
Shares of beauty products retailer Ulta Salon (ULTA) are rising after the company's second quarter results topped analysts' consensus estimates.The company's outlook also exceeded analysts' expectations. WHAT'S NEW: For the second quarter, Ulta Salon reported earnings per share of 94c on revenue of $734.2M, surpassing analysts' consensus estimates of 83c and $713.01M, respectively. Same-store-sales for the quarter increased 9.6%. Ulta expects Q3 EPS to be in the range of 79c-84c, which is in-line with analysts' 83c consensus. The company said performance in the quarter was driven by a significant improvement in traffic, e-commerce growth and successful new brand and product launches. Looking ahead, the company expects third quarter revenue of $724M-$736M, which is higher than analysts' $717.46M consensus. SSS for Q3 are expected to rise 6%-8%. Ulta Salon also increased its fiscal year 2014 EPS growth view to 20% from a mid-teens percentage range and increased its FY14 sales growth view to 20% from a mid-teens percentage range. Analysts' are expecting FY14 EPS of $3.69 and revenue of $3.15B. Ulta Salon also increased its FY14 SSS growth view to approximately 7%-8% from 4%-6%. FY14 capital expenditures are forecast at $265M and the company plans to open 100 new stores, generating free cash flow in excess of $100M. Ulta also announced plans to institute a new $300M share repurchase plan to replace its existing program. WHAT'S NOTABLE: In addition to its earnings report and share repurchase announcement, the company announced five-year financial goals. Ulta anticipates delivering EPS growth in the low 20% range, excluding supply chain investments, which are expected to reduce 2015 and 2016 earnings growth rates. The estimated impact on the percentage growth rate is in the mid-single digit range. Ulta is aiming to deliver annual comparable sales growth 5%-7%, open approximately 100 stores per year and grow e-commerce to represent 10% of sales. It hopes to maintain stable operating margin in the near term before progressing towards the company’s long-term mid-teens target. The company said it will not provide specific 2015 guidance until March 2015 when it typically provides annual guidance. ANALYST REACTION: Jefferies analyst Randal Konik raised his price target to $110 from $92 and said that he feels the company gave "strong" Q2 earnings results and increased FY14 guidance. He believes that the company is positioned well to deliver on its growth plans. Konik maintains a Hold rating on the stock. Citigroup analyst Oliver Chen increased his price target on Ulta Salon to $130 from $118 and said that he feels "encouraged" by the company's "healthy" Q2 SSS and earlier than expected announcement of its five-year financial goals. He said that he will continue to like Ulta Salon as it maintains strength in a competitive and tough economic environment. He thinks that the company's new product introductions will continue to boost strong traffic. Chen keeps a Buy rating on Ulta. PRICE ACTION: In mid-morning trading, Ulta Salon rose $20.14, or about 20.66%, to $117.42. OTHERS TO WATCH: Other companies in the beauty industry include Sally Beauty Holdings (SBH), Regis Corporation (RGS), and L Brands (LB).
September 9, 2014
11:17 EDTSBHHigh option volume stocks
Subscribe for More Information
07:16 EDTSBHSterne Agee to hold a field trip
Subscribe for More Information
September 8, 2014
10:25 EDTSBHHigh option volume stocks:
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use