New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 11, 2014
12:26 EDTSBH, LB, ULTA, RGSUlta 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
Sign up for a free trial to see the rest of the stories you've been missing.
December 18, 2014
10:01 EDTSBHOn The Fly: Analyst Initiation Summary
Subscribe for More Information
December 17, 2014
16:30 EDTSBHSally Beauty initiated with an Overweight at Piper Jaffray
Target $37.
16:29 EDTRGSRegis initiated with an Overweight at Piper Jaffray
Target $22.
December 16, 2014
10:42 EDTLBL Brands coverage transferred with an Outperform at Cowen
Subscribe for More Information
10:15 EDTULTAUlta Salon upgraded to Outperform from Market Perform at Cowen
Cowen transferred coverage on Ulta Salon with an Outperform rating from a Market Perform rating.
10:10 EDTSBHSally Beauty initiated with an Outperform at Cowen
Target $36.
December 15, 2014
09:08 EDTSBHSally Beauty Q1 sales tracking below Street, says ITG Research
ITG Research said Sally Beauty's Q1 sales are tracking below Street expectations and that the average basket size has declined and share loss has persisted.
December 12, 2014
13:33 EDTLBL Brands downgraded to Hold from Buy at Stifel
Subscribe for More Information
08:13 EDTULTAUlta Salon management tone underscores strong trends, says RW Baird
Subscribe for More Information
December 11, 2014
10:24 EDTULTAOptions with decreasing implied volatility
Subscribe for More Information
10:13 EDTSBH, ULTAOn The Fly: Analyst Initiation Summary
Subscribe for More Information
07:52 EDTULTAUlta Salon initiated with an Outperform at Raymond James
Subscribe for More Information
07:51 EDTSBHSally Beauty initiated with a Market Perform at Raymond James
December 10, 2014
10:20 EDTULTAOptions with decreasing implied volatility
Subscribe for More Information
December 8, 2014
10:20 EDTULTAOptions with decreasing implied volatility
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use