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Ulta Beauty (ULTA) in Focus: Stock Moves 7.6% Higher
Ulta Beauty, Inc. (ULTA - Free Report) was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $194 to $208.40 in the past one-month time frame.
The move came after the company reported a better than expected fourth quarter 2017 results along with a $625 million share repurchase program.
The company has seen six positive estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for Ulta Beauty. 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 Beauty currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Ulta Beauty Inc. Price
Ulta Beauty Inc. Price | Ulta Beauty Inc. Quote
A better-ranked stock in the Retail - Miscellaneous industry is MarineMax, Inc. (HZO - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is ULTA going up? Or down? Predict to see what others think: Up or Down
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 >>