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ULTA Salon, Cosmetics & Fragrance (ULTA) Rises: Stock Up 9.1%

ULTA Salon, Cosmetics & Fragrance, Inc. ULTA 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 CAB, with a Zacks Rank #2.

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

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CABELAS INC (CAB): Free Stock Analysis Report
 
ULTA SALON COSM (ULTA): Free Stock Analysis Report
 
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