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US STOCKS-Retailers climb after data; Ulta Salon up on forecast

Reuters - UK Focus

By Caroline Valetkevitch

NEW YORK, Sept 12 (Reuters) - Retailers were among the better performers on Friday, edging higher after data showed U.S. retail sales rose broadly in August and consumer sentiment hit a 14-month high in September.

The Morgan Stanley retail index jumped 0.9 percent; the S&P 500 retail index was up 0.1 percent.

Leading the percentage gainers on the Morgan Stanley (Xetra: 885836 - news) index was Ulta Salon Cosmetics and Fragrance (SES: E1:F31.SI - news) , which jumped 20.2 percent after raising its full-year same-store sales growth forecast late Thursday.

Among other top retail gainers, Best Buy was up 2 percent, Staples (NasdaqGS: SPLS - news) was up 1.8 percent and Lululemon Athletica was up 2.9 percent. Several brokerages raised their price targets on Lululemon, which reported a better-than-expected profit on Thursday.

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Retailers as a group have had a tough year, with early sales hurt by a severe U.S. winter. The Morgan Stanley index is up just 0.9 percent for the year so far, while the S&P retail index is up 0.3 percent.

The group continues to warn about future earnings as well, with 16 negative third-quarter outlooks so far from companies in the S&P 500 consumer discretionary group, compared with just 4 positive ones, Thomson Reuters data showed. (Editing by Bernadette Baum)