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March 14, 2014
10:27 EDTRGS, SBH, ULTAUlta Salon rallies after results top estimates
Shares of beauty retailer Ulta Salon (ULTA) are advancing after the company’s fourth quarter results beat estimates. WHAT'S NEW: Last night, Ulta Salon reported Q4 earnings per share of $1.09 and revenue of $868.1M, against consensus views of $1.07 and $855.64M, respectively. Q4 same store sales increased 9.2%. WHAT’S NOTABLE: The company forecast Q1 EPS of 70c-75c and revenue of $693M-$704M, compared to estimates of 80c and $696.23M, respectively. Q1 SSS are expected to increase 5%-7%. Ulta Salon sees FY14 EPS growth in the mid-teens percentage range, and an increase in FY14 total revenue in the mid-teens percentage range. The company sees FY 14 SSS growth of approximately 4%-6%, including the impact of the e-commerce business. PRICE ACTION: In early morning trading, Ulta Salon rose $6.33, or just over 7%, to $95.84 on well over twice its average daily trading volume. Including today’s rise, the stock has gained almost 9% over the past twelve months. OTHERS TO WATCH: Others in the beauty products industry include Sally Beauty (SBH) and Regis (RGS).
News For ULTA;SBH;RGS From The Last 14 Days
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August 31, 2015
06:34 EDTRGSRegis downgraded to Neutral from Buy at Northcoast
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August 28, 2015
10:39 EDTULTAAnalysts mostly upbeat on Ulta following 'solid' Q2 earnings
Ulta Beauty (ULTA) shares are rising this morning following the release of better than expected second quarter earnings results on Thursday. Analysts were mainly positive on the stock following its "solid" results and guidance, though at least one research firm sees "limited" upside for now. WHAT'S NEW: Ulta Beauty reported Q2 EPS of $1.15 on revenue of $877M, beating analysts' consensus estimates of $1.12 and $869.76M, respectively. Same store sales for the quarter increased 10.1%, and e-commerce sales were up 43.4% from the year-ago period to $36.1M, representing 120 basis points of the total SSS increase. Mary Dillon, Ulta's chief executive officer, noted that strong traffic drove SSS increases across stores, with average ticket growth contributing. Dillon said market share gains occurred across all categories during the quarter. Looking to the current quarter, the beauty retailer sees third quarter EPS of $1.00-$1.05 on revenue of $869M-$883M, against analysts' estimates of $1.03 and $870.25M. Comparable sales, including e-commerce, are forecast to rise 8%-10%, and Ulta noted that earnings growth in the second half of 2015 is expected to moderate vs. the first half. WHAT'S NOTABLE: Due to the "excellent" performance of the company in 1H15, Ulta raised its previously announced guidance for fiscal year 2015. The retailer now sees FY15 EPS percentage growth in the high teens, compared to its previous guidance of the high end of the 15%-17% range and analysts' consensus estimates of $4.81. Total sales are expected to increase in the mid- to high-teens percentage range, against estimates of $3.85B. Ulta now also expects to achieve SSS growth of 8%-10%, including e-commerce, compared to its previous view of 7%-9% growth. The company expects to grow e-commerce sales in the 40% range and open 100 net new stores during the fiscal year. ANALYST RESEARCH: Analysts were generally upbeat on the stock following the release of the Q2 results. Baird called Ulta's business momentum "impressive," citing the company's "healthy" comps, "compelling" product portfolio and "enticing" loyalty program. The firm maintained its Outperform rating on the stock and raised its price target to $195 from $185. Piper Jaffray analyst Stephanie Wissink called Ulta's report "solid" and is increasingly confident in the company's long-term growth opportunity. The analyst, who kept an Overweight rating and $170 price target on the name, said she would remain a buyer. William Blair analyst Dan Hofkin said he sees room for further upside after the "strong" quarter. Hofkin increased his EPS estimates for Ulta to $4.72 in 2015 and $5.52 in 2016, and said guidance and the firm's estimates are "likely conservative." Jefferies analysts, however, said that while Ulta is gaining share in a "fragmented" market, the firm expects EPS upside to be "limited" in the near term due to high expectations and "increasingly difficult" comps. The firm said that it "likes" the company, but kept a Hold rating on the stock. PRICE ACTION: Ulta Salon is up about 1% to $161.74 in morning trading. The stock is up more than 26% year-to-date.
10:26 EDTULTAOptions with decreasing implied volatility
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10:13 EDTULTAHigh option volume stocks
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08:03 EDTULTAULTA remains compelling as business momentum continues, says Baird
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06:50 EDTULTAULTA Q2 report increase confidence in long-term prospects, says Piper Jaffray
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06:01 EDTRGSRegis reports Q4 adjusted EPS excluding items 5c, consensus 8c
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August 27, 2015
18:52 EDTULTAOn The Fly: After Hours Movers
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16:17 EDTULTAULTA Beauty rises $6.76 to $167 per share after raising FY15 guidance
16:16 EDTULTAULTA Beauty sees Q3 EPS $1.00-$1.05, consensus $1.03
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16:15 EDTULTAULTA Beauty now sees FY15 EPS growth in high teens percentage
ULTA is raising its previously announced fiscal 2015 guidance to deliver earnings per share growth in the high teens, compared to previous guidance of the high end of the range of 15% to 17%. Consensus $4.81. The company is raising its previously announced fiscal 2015 guidance to achieve comparable sales growth of approximately 8%-10%, including the impact of the e-commerce business, compared to previous guidance of 7% to 9%. ULTA expects to increase total sales in the mid to high teens percentage range, consensus $3.85B.
16:12 EDTULTAULTA Beauty reports Q2 EPS $1.15, consensus $1.12
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15:04 EDTULTAULTA Beauty September 160 straddle priced for 9.5% movement into Q2
14:58 EDTULTANotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Autodesk (ADSK), consensus 17c... ULTA Beauty (ULTA), consensus $1.12... Splunk (SPLK), consensus 2c... GameStop (GME), consensus 25c... Veeva (VEEV), consensus 11c... OmniVision (OVTI), consensus 39c... Aeropostale (ARO), consensus (55c).
12:16 EDTULTAULTA Beauty technical notes before earnings news
Shares are trading up ahead of earnings, last at $161. If the news is bullish, resistance areas to watch would be at $165.33, $171.21, and the life high at $176.77. If there is a bearish surprise, the shares given the extension in price recently would be vulnerable. Support levels to watch would be at $158.05, $153.26, and $149.13. There has been a strong line of support at the $150 area, going back to March of this year.
August 26, 2015
08:07 EDTULTAULTA Beauty should report solid Q2 results, says Baird
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August 25, 2015
11:22 EDTULTAULTA Beauty volatility elevated into Q2 and outlook
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08:41 EDTULTAULTA Beauty to report above consensus Q2 results, says William Blair
William Blair analyst Daniel Hofkin predicts that ULTA Beauty will report Q2 earnings and comp-store sales above consensus estimates and said he views the current consensus forecast for Q3 comp sales and EPS as "reasonable." Hofkin maintains an Outperform rating on ULTA shares, stating that he views its valuation as defensible and he sees opportunities for the company to continue to gain "considerable" market share and exceed margin expectations.
August 18, 2015
18:42 EDTRGSRegis to reschedule Q4 earnings release to August 28
Regis announced its earnings release and conference call for the fourth fiscal quarter ended June 30 has been rescheduled from Thursday, August 20, to Friday, August 28. Following the release, the company will host a presentation via webcast for investors beginning at 9:00 a.m. Central time to discuss current corporate developments and financial results. The company stated the date change is due to finalizing its accounting for the non-cash impacts of deferred rent. In connection with this work, the company identified an understatement of its deferred rent liability of approximately $5.5M, and is revising its financial statements accordingly. The company does not expect this revision to have a material impact on earnings in any fiscal year from 2011 through 2015. As a result of this revision, rent expense will increase approximately $0.1M in Fiscal 2015, $0.2M in Fiscal 2014 and $0.5M in Fiscal 2013. This compares to total rent expense of approximately $309M in Fiscal 2015 and previously reported rent expense of $322.1M in Fiscal 2014 and $324.7M in Fiscal 2013. Additionally, the company stated approximately $4.5M of the total deferred rent adjustment related to periods from Fiscal 2010 and prior.
10:19 EDTULTAOptions with increasing implied volatility
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