ULTA Salon, Cosmetics & Fragrance, Inc. (ULTA - Free Report) was a big mover last session, as the company saw its shares rise over 9% on the day. The upside was driven by the company’s announcement of better-than-expected results for the first quarter of fiscal 2016. This led to solid volume too with far more shares changing hands than in a normal session. Friday’s rally breaks the recent trend of the company, as the stock is now trading above the volatile price range of $202.85 to $213.69 in the past one-month time frame.
In the last 30 days, the company witnessed 7 positive estimate revisions and the Zacks Consensus Estimate also moved higher over the same time frame, suggesting that more solid trading could be ahead for ULTA Salon, Cosmetics & Fragrance. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
ULTA Salon, Cosmetics & Fragrance currently carries a Zacks Rank #2 (Buy).
Another well-ranked stock in the same industry is Cabela's Incorporated , with a Zacks Rank #2.
Is ULTA going up? Or down? Predict to see what others think: Up or Down
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
ULTA Salon, Cosmetics & Fragrance, Inc. (ULTA - Free Report) was a big mover last session, as the company saw its shares rise over 9% on the day. The upside was driven by the company’s announcement of better-than-expected results for the first quarter of fiscal 2016. This led to solid volume too with far more shares changing hands than in a normal session. Friday’s rally breaks the recent trend of the company, as the stock is now trading above the volatile price range of $202.85 to $213.69 in the past one-month time frame.
In the last 30 days, the company witnessed 7 positive estimate revisions and the Zacks Consensus Estimate also moved higher over the same time frame, suggesting that more solid trading could be ahead for ULTA Salon, Cosmetics & Fragrance. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
ULTA Salon, Cosmetics & Fragrance currently carries a Zacks Rank #2 (Buy).
Another well-ranked stock in the same industry is Cabela's Incorporated , with a Zacks Rank #2.
Is ULTA going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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