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Ulta Beauty (ULTA) Soars: Stock Adds 5.8% in Session

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Ulta Beauty, Inc. (ULTA - Free Report) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $191.29 – $225.42 in the past one-month time frame, witnessed a sharp increase on Friday.

The upmove came after the company's second quarter earnings trumped estimates.

The company has seen four negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Ulta Beauty currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

 

 

A better-ranked stock in the Retail-Wholesale sector is KAR Auction Services Inc (KAR - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Ulta Beauty Inc. (ULTA) - free report >>

KAR Auction Services, Inc (KAR) - free report >>