ULTA Salon, Cosmetics & Fragrance, Inc. ULTA was a big mover last session, as the company saw its shares rise almost 13% on the day. The upside came on the back of solid third-quarter results which led to 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 $155.20 to $174.08 in the past one-month time frame.
The company has seen 10 positive estimate revisions in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.
ULTA Salon currently has a Zacks Rank #2 (Buy).
Another well-ranked stock in the same space is Regis Corp. RGS sporting a Zacks Rank #1 (Strong Buy).
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