Ulta Salon, Cosmetics & Fragrance Set to Join the S&P 500; Tenet Healthcare to Join S&P MidCap 400
NEW YORK, April 7, 2016 /PRNewswire/ -- Ulta Salon, Cosmetics & Fragrance Inc. (NASD:ULTA) will replace Tenet Healthcare Corp. (NYSE:THC) in the S&P 500, and Tenet Healthcare will replace Jarden Corp. (NYSE:JAH) in the S&P MidCap 400 after the close of trading on Friday, April 15. S&P 500 constituent Newell Rubbermaid Inc. (NYSE:NWL) is acquiring Jarden in a deal expected to be completed on or about that date pending final approvals. Tenet Healthcare has a market capitalization that is more representative of the mid-cap market space.
Ulta Salon, Cosmetics & Fragrance operates as a specialty retailer. Headquartered in Bolingbrook, IL, the company will be added to the S&P 500 (Global Industry Classification Standard) Specialty Stores Sub-Industry index.
Tenet Healthcare primarily operates acute care hospitals and related healthcare facilities. Headquartered in Dallas, TX, the company will be added to the S&P MidCap 400 GICS Health Care Facilities Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX – April 15, 2016 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Ulta Salon, |
Consumer Discretionary |
Specialty Stores |
DELETED |
Tenet Healthcare |
Health Care |
Health Care Facilities |
S&P MIDCAP 400 INDEX – April 15, 2016 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Tenet Healthcare |
Health Care |
Health Care Facilities |
DELETED |
Jarden |
Consumer Discretionary |
Housewares & Specialties |
Additions to and deletions from S&P Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.
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SOURCE S&P Dow Jones Indices
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