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Stock Market & Financial Investment News

News Breaks
June 11, 2014
12:26 EDTRGS, SBH, LB, ULTAUlta Salon rallies after better than expected results
Shares of beauty products retailer Ulta Salon (ULTA) are rising after the company's first quarter quarter results topped analysts' consensus estimates. WHAT'S NEW: Last night, Ulta Salon reported Q1 earnings per share of 77c and revenue of $713.8M, topping estimates of 74c and $699.95M, respectively. Q1 same store sales increased 8.7%. WHAT'S NOTABLE: The company forecast Q2 EPS of 78c-83c and revenue of $706M-$717M, compared to consensus of 82c and $703.95M, respectively. Q2 SSS were seen increasing 5%-7%. Ulta Salon confirmed its FY14 EPS and revenue would grow at a mid-teens percentage range, with SSS growth of approximately 4%-6%. In FY14, Ulta expects to expand square footage by 15%, open 100 net new stores, and generate free cash flow in excess of $100M. ANALYST REACTION: This morning, research firm RW Baird said Ulta Salon remains a quality growth story following its strong Q1 results, citing its attractive industry, significant unit runway, and compelling initiatives. The firm kept its Outperform rating and $110 price target on the shares. Another firm, Wells Fargo, said the company's traffic trends were exceptional in Q1, while its underlying gross margin trend is healthy. The firm kept an Outperform rating on the shares. PRICE ACTION: In early afternoon trading, Ulta Salon rose $11.95, or about 14%, to $97.26 on nearly four times its average daily trading volume. Including today's advance, the stock is up approximately 17% over the past 12 months. OTHERS TO WATCH: Other companies in the beauty industry include Sally Beauty Holdings (SBH), Regis Corporation (RGS), and L Brands (LB).
News For ULTA;SBH;RGS;LB From The Last 14 Days
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January 16, 2015
10:01 EDTLBOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 21st Century Fox (FOXA) initiated with a Buy at Stifel... Arista Networks (ANET) initiated with a Neutral at Buckingham... Boston Beer (SAM) initiated with a Buy at Jefferies... Brocade (BRCD) initiated with a Neutral at Buckingham... CBS (CBS) initiated with a Buy at Stifel... Cabela's (CAB) initiated with an Outperform at Raymond James... Coach (COH) initiated with a Market Perform at Bernstein... Costco (COST) initiated with an Outperform at BMO Capital... Crane (CR) initiated with a Hold at Canaccord... Flowserve (FLS) initiated with a Neutral at Susquehanna... Fortinet (FTNT) initiated with a Buy at Buckingham... Gap (GPS) initiated with a Market Perform at Bernstein... GrubHub (GRUB) initiated with a Buy at Stifel... Imperva (IMPV) initiated with a Neutral at Buckingham... KLX Inc. (KLXI) initiated with a Sector Perform at RBC Capital... KNOT Offshore Partners (KNOP) initiated with a Buy at UBS... L Brands (LB) initiated with a Market Perform at Bernstein... Michael Kors (KORS) initiated with an Outperform at Bernstein... Northstar Realty (NRF) initiated with a Buy at Sterne Agee... OmniVision (OVTI) initiated with a Buy at Rosenblatt... Qorvo (QRVO) initiated with a Buy at Brean ... RSP Permian (RSPP) initiated with an Outperform at Northland... Ross Stores (ROST) initiated with a Market Perform at Bernstein... SPX Corp. (SPW) initiated with a Neutral at Susquehanna... TJX (TJX) initiated with an Outperform at Bernstein... Tiffany (TIF) initiated with a Market Perform at Bernstein... Viacom (VIAB) initiated with a Buy at Stifel... Xylem (XYL) initiated with a Neutral at Susquehanna... iGATE (IGTE) initiated with a Buy at Deutsche Bank... lululemon (LULU) initiated with an Outperform at Bernstein.
January 15, 2015
17:07 EDTLBL Brands initiated with a Market Perform at Bernstein
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10:00 EDTULTAOn The Fly: Analyst Upgrade Summary
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08:19 EDTULTAUlta Salon upgraded at Oppenheimer
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06:21 EDTULTAUlta Salon upgraded to Outperform from Perform at Oppenheimer
January 14, 2015
10:27 EDTLBL Brands to focus on beauty products, not lingerie, in China, China Daily says
L Brands entered China this week, but the Victoria Secret owner plans to focus on beauty products in the country, rather than lingerie, according to China Daily. Reference Link

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