New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 6, 2013
10:28 EDTRGS, SBH, ULTAUlta Salon plummets after results, guidance disappoints
Shares of beauty products retailer Ulta Salon (ULTA) are sinking after the company’s third quarter results and fourth quarter guidance fell short of analysts’ consensus estimates. WHAT'S NEW: Last night, Ulta Salon reported Q3 adjusted earnings per share of 72c and revenue of $618.8M. Analysts' expectations were for EPS of 74c and revenue of $622.03M. The company reported an increase in same store sales of 6.8%, compared to an increase of 8.9% in the third quarter of fiscal 2012. WHAT'S NOTABLE: Ulta Salon said it expects fourth quarter EPS of $1.07-$1.10 and revenue of $853M-$867M, compared to the consensus estimates of $1.24 and $894.82M, respectively. The company also forecast Q4 same store sales to rise 7%-9%. ANALYST REACTION: This morning, analyst commentary was mixed. Research firm Piper Jaffray downgraded Ulta Salon to Neutral from Overweight and lowered its price target for the shares to $113 from $129. Piper cited the company’s “muted” guidance. Three other firms, Citigroup, Wells Fargo, and Sterne Agee, all said Ulta’s shares should be bought on weakness following the company's Q3 miss and weak guidance. PRICE ACTION: In morning trading, Ulta Salon fell $24.89 or more than 21% to $93.11 on nearly four times its average daily trading volume. Today's move wiped out all of the stock's year to date gains and the shares are now below the levels at which they opened this year's trading. OTHERS TO WATCH: Other beauty supply retailers include Sally Beauty (SBH), and Regis Corporation (RGS).
News For ULTA;SBH;RGS From The Last 14 Days
Check below for free stories on ULTA;SBH;RGS the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 17, 2014
06:37 EDTULTAUlta Salon volatility at low end of range
Subscribe for More Information
April 16, 2014
15:53 EDTULTAUlta Salon EPS may have been 'propped up' by accounting oddity, Greenberg says
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