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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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February 27, 2015
08:52 EDTLBL Brands price target raised to $103 from $90 at BMO Capital
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06:14 EDTLBGap names Wendi Goldman EVP for product design, WSJ reprots
Wendi Goldman, who once worked for Banana Republic and served as co-president of the former Limited Brands (LB), has been named as executive VP for Gap (GPS) product design, The Wall Street Journal reports. Reference Link
February 26, 2015
09:02 EDTLBL Brands reported strong results, guidance conservative, says Wells Fargo
Wells Fargo believes that L Brands reported strong Q4 results, while its guidance is likely conservative. The firm keeps an Outperform rating on the shares.
07:18 EDTLBL Brands weakness a buying opportunity, says Wunderlich
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February 25, 2015
18:24 EDTLBOn The Fly: After Hours Movers
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16:09 EDTLBL Brands sees February SSS up in mid-single digit range
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16:08 EDTLBL Brands sees Q1 EPS 50c-55c, consensus 62c
16:08 EDTLBL Brands sees 2015 EPS $3.45-$3.65, consensus $3.83
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16:07 EDTLBL Brands reports Q4 EPS $1.89, consensus $1.80
Reports Q4 revenue $4.07B, consensus $4.03B. Comparable store sales for Q4 increased 6%.
15:37 EDTLBL Brands technical notes before earnings
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15:05 EDTLBNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include (CRM), consensus 14c... Avago Technologies (AVGO), consensus $1.94... L Brands (LB), consensus $1.80... Workday (WDAY), consensus (6c)... BioMarin (BMRN), consensus (59c)... Concho Resources (CXO), consensus 84c... Antero Resources (AR), consensus 28c... Medivation (MDVN), consensus $1.34... Transocean (RIG), consensus 77c... Sprouts Farmers Market (SFM), consensus 9c... SINA Corporation (SINA), consensus 18c.
08:36 EDTLBL Brands volatility flat into Q4 and outlook
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