Why Herbalife, Big Lots, GameStop, and Two Other Stocks Are in Spotlight Today

Kinross Suspends Chile Mine Activity

Kinross Gold Corporation (USA) (NYSE:KGC) shares are in the green after the gold miner announced that it has suspended activities at its Maricunga mine, mostly due to a Chilean regulatory sanction that would have substantially reduced water pumping at the mine. Although Kinross will lay off 300 employees as a result of the suspension, the mine closing won’t affect Kinross’ 2016 production and cost guidance. Kinross will also ‘continue to explore further permitting efforts and review the operation and its mineral resource model to consider possible options for re-starting mining’. As of the end of June, 31 funds tracked by Insider Monkey own shares of Kinross Gold Corporation (USA) (NYSE:KGC), compared to 28 funds a quarter earlier.

Ulta Reports Earnings

Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) is in the spotlight today on the back of reporting better-than-expected results for the fiscal second quarter, with EPS of $1.43 on revenue of $1.07 billion, versus estimates of $1.40 and $1.06 billion, respectively. During the quarter, Ulta’s sales advanced by 21.9% year-over-year and diluted EPS increased by 24.3%, led by a 14.4% jump in comparable sales. For the full fiscal 2016, Ulta Salon, Cosmetics & Fragrance expects the company to achieve comparable sales growth of 11% to 13% (up from the previous guidance of 10% to 12%) and to deliver earnings per share growth in the low to mid-twenties percentage range (versus the previous guidance of low twenties percentage range). A total of 36 funds followed by our team owned shares of Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) at the end of the second quarter.

GameStop Dissapoints

GameStop Corp. (NYSE:GME) shares are in the red after its sales for the second quarter missed the consensus estimate by $90 million and its EPS was in-line with expectations. For the fiscal second quarter, GameStop posted earnings of $0.27 per share on revenue of $1.63 billion. Revenue fell by 7.4% year-over-year as same-store sales declined by 11%, in part due to the lack of hot video game hardware product introductions during the quarter. For the fiscal third quarter, GameStop expects EPS of $0.53 to $0.58. Between April and June, billionaire Jim Simons’ Renaissance Technologies added 1.25 million shares to its position in GameStop Corp. (NYSE:GME) and reported nearly 1.28 million shares in its latest 13F filing.

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