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June 11, 2014
12:26 EDTULTA, SBH, RGS, LBUlta 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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September 11, 2014
16:24 EDTULTAUlta Salon up 9% following better than expected Q2 results
16:13 EDTULTAUlta Salon announces new $300M share repurchase plan
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16:12 EDTULTAUlta Salon announces five year financial targets
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16:11 EDTULTAUlta Salon sees FY14 CapEx approximately $265M
In FY14, expects to remodel 12 locations, expand square footage by approximately 15% with the opening of 100 new stores, generate free cash flow in excess of $100M.
16:10 EDTULTAUlta Salon raises FY14 EPS growth view to 20% from mid-teens, consensus $3.69
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16:07 EDTULTAUlta Salon sees Q3 79c-84c, consensus 83c
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16:06 EDTULTAUlta Salon raises FY14 outlook
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16:05 EDTULTAUlta Salon reports Q2 EPS 94c, consensus 83c
Reports Q2 revenue $734.2M, consensus $713.01M. Reports Q2 SSS up 9.6%.
15:10 EDTULTANotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include ULTA Salon (ULTA), consensus 83c; Cherokee (CHKE), consensus 28c.
14:51 EDTULTAUlta Salon technical commentary before earnings
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14:09 EDTULTAUlta Salon September 97 straddle priced for 8.8% move into Q2
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13:40 EDTULTAUlta Salon September volatility elevated into Q2 and outlook
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September 10, 2014
10:00 EDTLBOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: African Barrick Gold (ABGLY) upgraded to Neutral from Sell at Goldman... ArcelorMittal (MT) upgraded to Overweight from Underweight at Barclays... CRH Plc. (CRH) upgraded to Outperform from Underperform at Raymond James... Callon Petroleum (CPE) upgraded to Buy from Neutral at SunTrust... Coach (COH) upgraded to Overweight from Neutral at Atlantic Equities... Hartford Financial (HIG) upgraded to Outperform from Market Perform at FBR Capital... Huntsman (HUN) upgraded to Buy from Neutral at Citigroup... Imperva (IMPV) upgraded to Outperform from Perform at Oppenheimer... L Brands (LB) upgraded at Credit Suisse... Marcus (MCS) upgraded to Buy from Neutral at B. Riley... Noodles & Company (NDLS) upgraded to Buy from Neutral at UBS... Sunoco Logistics (SXL) upgraded to Overweight from Equal Weight at Barclays... Triangle Petroleum (TPLM) upgraded to Buy from Accumulate at KLR Group... Twitter (TWTR) upgraded to Buy from Neutral at UBS.
07:09 EDTLBL Brands upgraded at Credit Suisse
As previously reported, Credit Suisse upgraded L Brands to Outperform from Neutral. The firm upgraded shares based on potential for a margin recovery and long-term growth opportunities. Price target raised to $73 from $65.
06:19 EDTLBL Brands upgraded to Outperform from Neutral at Credit Suisse
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September 9, 2014
11:17 EDTSBHHigh option volume stocks
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07:16 EDTSBHSterne Agee to hold a field trip
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September 8, 2014
10:25 EDTSBHHigh option volume stocks:
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September 4, 2014
10:34 EDTULTAUlta Salon September volatility increases into Q2 and outlook
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07:05 EDTLBL Brands reports August sales up 9% and SSS up 5%
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