Oppenheimer Maintains an 'Outperform' on ULTA Salon (ULTA); Rasing Numbers After Another Strong Qtr

September 7, 2012 9:55 AM EDT Send to a Friend
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Price: $120.38 +1.67%

Rating Summary:
    5 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 24 | New: 21
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Oppenheimer maintains an 'Outperform' on ULTA Salon (NASDAQ: ULTA) price target of $112.00 (from $103.00).

Analyst, Joseph Altobello, said, "ULTA delivered another exceptional quarter Thursday afternoon, with both the top and bottom lines ahead of expectations, highlighted by 9.3% comp growth. In addition, the company will be introducing a number of new Clinique boutiques to go along with its Lancome rollout. Guidance remains encouraging, and we remain bullish, raising our price target."

FY12 EPS estimate raised from $2.55 to $2.60 and FY13 from $3.15 to $3.25.

For an analyst ratings summary and ratings history on ULTA Salon click here. For more ratings news on ULTA Salon click here.

Shares of ULTA Salon closed at $95.26 yesterday.

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