Stocks in News: Michael Kors Holdings Ltd, Questar Corporation, Ulta Salon, Cosmetics & Fragrance, CIGNA Corporation

Lakeway, TX -- (SBWIRE) -- 03/06/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Michael Kors Holdings Ltd (NYSE:KORS) shares increased 2.11% and closed at $60.52 in yesterday’s session. Equities researchers at Sterne Agee assumed coverage on shares of KORS in a report issued on Mar. 4. The firm set a “neutral” rating and a $62.00 price target on the stock.

Additionally, the company last month announced the pricing of the secondary offering of 25,000,000 ordinary shares by certain selling shareholders at a price of $61.50 per share. In addition, certain of the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 3,750,000 ordinary shares. The secondary offering is expected to close on or about February 26, 2013.

How Should Investors Trade KORS After The Recent Volatile Moves? Find Out Here

Questar Corporation (NYSE:STR) shares climbed 2.11% and closed at $23.75. The company, on Feb. 20, affirmed its preliminary fiscal 2013 EPS guidance of $1.12 to $1.20 per diluted share. Analysts are expecting the Company to report EPS of $1.20 for fiscal 2013.

Addititionally, the company last month said it will begin trading ex-dividend on February 20, 2013. A cash dividend payment of $0.17 per share is scheduled to be paid on March 11, 2013. Shareholders who purchased STR stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that STR has paid the same dividend.

Is STR Showing Any Sign of Buy At The Current Market Price? Get Our Free Trend Analysis Here

Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) shares increased 2.10% and closed at $91.68 in yesterday’s session. Investment analysts at Sterne Agee assumed coverage on shares of ULTA in a note issued to investors Mar. 4. The firm set a “buy” rating and a $102.00 price target on the stock.

Additionally, the company’s said Chief Executive Chuck Rubin will step down next week to become CEO at arts-and-crafts specialty retailer Michaels Stores Inc. The company has named Chairman Dennis K. Eck as its interim CEO.

Can ULTA Rebound After The Recent Slump and Investors Can Make Money? Find Out Here

CIGNA Corporation (NYSE:CI) shares gained 2.10% to $59.39 in the last trading session. On February 27, 2013, the board of directors of Cigna Corporation (CI) declared an annual dividend of $0.04 per common share. The dividend is payable on April 10, 2013, to shareholders of record as of March 12, 2013. The company is a global health service company dedicated to helping people improve their health, well-being and sense of security.

Is CI Ready To Move Back To New Highs This Year? Find Out Here

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