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Strength seen in ULTA Salon (ULTA): Stock Soars 11.3%

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ULTA Salon, Cosmetics & Fragrance, Inc. (ULTA - Free Report) was a big mover last session, as the company saw its shares rise almost 11.3% on the day. The news led to far more shares changing hands than in a normal session, resulting in solid volume. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $232.99  to $243.66 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

ULTA Salon has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.

Another favorably placed stock in the same industry is Marinemax Inc. (HZO - Free Report) carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is ULTA going up? Or down? Predict to see what others think: Up or Down

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