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The Zacks Analyst Blog Highlights: Ulta Beauty, Amazon.com, Macy???s and e.l.f. Beauty
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For Immediate Release
Chicago, IL – August 22, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog includeUlta Beauty (ULTA - Free Report) – Free Report), Amazon.com (AMZN - Free Report) – Free Report), Macy’s (M - Free Report) – Free Report) and e.l.f. Beauty (ELF - Free Report) – Free Report).
Ulta Beauty (ULTA - Free Report) Stock Slides on Several Downgrades
Shares of Ulta Beauty (ULTA - Free Report) – Free Report) fell 3.5% in midday trading on Monday after the company’s stock received a lower price target and was downgraded by several analysts.
Stifel Nicolaus lowered its price target on Ulta stock to $270, down from $325. Analysts cited concerns that the U.S. beauty industry is showing slower growth, while Amazon.com (AMZN - Free Report) – Free Report) is expanding into prestige brands and heightening competition.
“Numerous data points suggest U.S. beauty category growth slowed in 2Q17, including from retailers Macy’s (M - Free Report) – Free Report) and Sephora, beauty companies L’Oreal and e.l.f. Beauty (ELF - Free Report) – Free Report) and scanner data measuring sales trends in food, drug, and mass channels” said analysts led by Mark Astrachan.
Slowing makeup and mass-priced product sales could cause a huge problem for Ulta, as each category accounts for about 50% and 40% of the company’s total sales.
However, Stifel remains positive on the stock. “We remain favorable on Ulta’s longer-term growth trajectory anticipating continued share gains of beauty retail sales, benefiting from the accelerating shift from traditional sales channels to specialty retailers, online, and mobile, and attributable to Ulta’s increasing focus on its loyalty program, targeted promotions, and new credit card program,” said the firm.
“That said, we believe near-term trading could result in more downside than upside given broader multiple contraction in retail due to slowing category growth and fears of increased competition from Amazon.”
OTR Global also downgraded Ulta from a positive rating to a mixed rating after interviewing suppliers about the impact of Amazon.
ULTA is set to report its second quarter fiscal 2017 results this Thursday after market close. The Zacks Consensus Estimate predicts that the company will report earnings of $1.78 per share and revenue of $1.29 billion.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential stocks free >>.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Ulta Beauty, Amazon.com, Macy???s and e.l.f. Beauty
For Immediate Release
Chicago, IL – August 22, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog includeUlta Beauty (ULTA - Free Report) – Free Report), Amazon.com (AMZN - Free Report) – Free Report), Macy’s (M - Free Report) – Free Report) and e.l.f. Beauty (ELF - Free Report) – Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Monday’s Analyst Blog:
Ulta Beauty (ULTA - Free Report) Stock Slides on Several Downgrades
Shares of Ulta Beauty (ULTA - Free Report) – Free Report) fell 3.5% in midday trading on Monday after the company’s stock received a lower price target and was downgraded by several analysts.
Stifel Nicolaus lowered its price target on Ulta stock to $270, down from $325. Analysts cited concerns that the U.S. beauty industry is showing slower growth, while Amazon.com (AMZN - Free Report) – Free Report) is expanding into prestige brands and heightening competition.
“Numerous data points suggest U.S. beauty category growth slowed in 2Q17, including from retailers Macy’s (M - Free Report) – Free Report) and Sephora, beauty companies L’Oreal and e.l.f. Beauty (ELF - Free Report) – Free Report) and scanner data measuring sales trends in food, drug, and mass channels” said analysts led by Mark Astrachan.
Slowing makeup and mass-priced product sales could cause a huge problem for Ulta, as each category accounts for about 50% and 40% of the company’s total sales.
However, Stifel remains positive on the stock. “We remain favorable on Ulta’s longer-term growth trajectory anticipating continued share gains of beauty retail sales, benefiting from the accelerating shift from traditional sales channels to specialty retailers, online, and mobile, and attributable to Ulta’s increasing focus on its loyalty program, targeted promotions, and new credit card program,” said the firm.
“That said, we believe near-term trading could result in more downside than upside given broader multiple contraction in retail due to slowing category growth and fears of increased competition from Amazon.”
OTR Global also downgraded Ulta from a positive rating to a mixed rating after interviewing suppliers about the impact of Amazon.
ULTA is set to report its second quarter fiscal 2017 results this Thursday after market close. The Zacks Consensus Estimate predicts that the company will report earnings of $1.78 per share and revenue of $1.29 billion.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.