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Ulta Beauty (ULTA) Catches Eye: Stock Jumps 6.4%

Zacks Equity Research
Updated

Ulta Beauty, Inc. ULTA was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $231.98 to $244.41 in the past one month time frame.

The move came after the company landed a deal with celebrity Kylie Jenner.

The company has seen five negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Ulta Beauty currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.  

Ulta Beauty Inc. Price

Ulta Beauty Inc. Price | Ulta Beauty Inc. Quote

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A better-ranked stock in the Retail - Miscellaneous industry is Five Below, Inc. FIVE, which currently carries 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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Ulta Beauty Inc. (ULTA) : Free Stock Analysis Report
 
Five Below, Inc. (FIVE) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.