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Stock Market & Financial Investment News

News Breaks
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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July 21, 2014
13:18 EDTULTAUlta Salon mentioned positively at ITG Research
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July 15, 2014
07:15 EDTULTAIIR Holdings to hold a conference
14th Annual Shopper Insights in Action Conference to be held in Chicago on July 14-16.
July 10, 2014
08:10 EDTLBMorgan Stanley's Vintage Values 2015 list selected
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07:29 EDTLBL Brands to host sales conference call
Conference call to discuss June 2014 sales results will be held on July 10 at 7:30 am. Webcast Link
07:02 EDTLBL Brands reports June SSS up 2%; Reports June sales $1.18B
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