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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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May 21, 2015
11:02 EDTLBL Brands can 'beat and raise' in remaining FY15 quarters, says Sterne Agee CRT
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07:23 EDTLBL Brands remains 'best in class' global growth story, says UBS
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May 20, 2015
16:11 EDTLBL Brands down 1% after reporting Q1 earnings, raising FY15 outlook
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16:11 EDTLBL Brands sees Q2 EPS 60c-65c, consensus 69c
16:10 EDTLBL Brands raises FY15 adjusted EPS view to $3.50-$3.70 from $3.45-$3.65
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16:09 EDTLBL Brands reports Q1 adjusted EPS 61c, consensus 60c
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15:00 EDTLBNotable companies reporting after market close
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May 15, 2015
08:20 EDTLBL Brands volatility flat into Q1 and outlook
L Brands June call option implied volatility is at 21, August is at 23; compared to its 90-day average of 22, suggesting non-directional price movement into the expected release of Q1 results on May 21.
May 14, 2015
07:06 EDTSBHSally Beauty confirms illegal intrusion into payment card systems has occurred
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May 11, 2015
09:59 EDTSBHOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcatel-Lucent (ALU) upgraded to Outperform from Neutral at Exane BNP Paribas... Caterpillar (CAT) upgraded to Outperform at Baird... Cisco (CSCO) upgraded to Outperform with $36 target at Pacific Crest... Evolution Petroleum (EPM) upgraded to Outperform from Market Perform at Northland... Hecla Mining (HL) upgraded on hedging discipline at Roth Capital... Joy Global (JOY) upgraded to Outperform from Neutral at Baird... Monster Beverage (MNST) upgraded to Buy from Neutral at Citigroup... Nokia (NOK) upgraded to Outperform from Neutral at Exane BNP Paribas... On Deck Capital (ONDK) upgraded to Neutral from Sell at Sterne Agee CRT... Royal Caribbean (RCL) upgraded to Outperform from Neutral at Wedbush... SMC (SMECF) upgraded to Buy from Neutral at Goldman... Sally Beauty (SBH) upgraded to Outperform from Market Perform at Raymond James... Southwestern Energy (SWN) upgraded to Overweight from Equal Weight at Barclays... Sprouts Farmers Markets (SFM) upgraded to Outperform at BMO Capital... Suburban Propane (SPH) upgraded on positive outlook at Stifel... Suffolk Bancorp (SUBK) upgraded to Outperform from Market Perform at Keefe Bruyette... Syngenta (SYT) upgraded to Buy from Neutral at UBS... Triumph Group (TGI) upgraded to Outperform from Sector Perform at RBC Capital... United Natural Foods (UNFI) upgraded to Overweight from Equal Weight at Stephens... Web.com (WWWW) upgraded to Buy from Hold at Deutsche Bank... Zillow Group (Z) upgraded to Buy from Neutral at SunTrust.
08:03 EDTSBHSally Beauty upgraded to Outperform from Market Perform at Raymond James
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06:20 EDTSBHSally Beauty upgraded to Outperform from Market Perform at Raymond James

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