Ulta Salon, Cosmetics & Fragrance (ULTA): Price defines bullish 'pennant' pattern - Larry Schutts

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Ulta Salon, Cosmetics & Fragrance (ULTA): Price defines bullish 'pennant' pattern
Sep 12, 2008 03:40 PM UTC

Larry Schutts

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Symbol	Sentiment	Start	Return	Closed
M	n/a
ULTA		09/12/08	+61.25%	--

Via BloggingStocks:

Filed under: Earnings reports, Technical Analysis, Stocks to Buy

Ulta Salon, Cosmetics & Fragrance (NASDAQ: ULTA) sells cosmetics, fragrances, haircare products, skincare products and related accessories through a chain of 283 specialty retail shops in 34 states. The stores also feature hair salon services, manicures, pedicures, massages, and other beauty and spa treatments. A company website offers over 21,000 prestige and mass beauty products. Macy's (NYSE: M) is a major competitor.

The firm pleased investors last week, when it reported Q2 EPS of six cents, a penny above the average Wall Street estimate. Revenues rose 24.3% (yr/yr) to $249.1 million. The CEO attributed success to the company's proven marketing strategy and the resilience of the beauty retailing category. Management also guided Q3 EPS to 8-10 cents (10 cent consensus), Q3 revenues to $259-$263 million ($258.80M consensus), FY09 EPS to 52-57 cents (54 cent consensus) and FY09 revenues to $1.12-$1.13 billion ($1.13B consensus).

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