Jefferies Sees Solid Q4 Results from ULTA Salon (ULTA), But Maintains Hold Rating
Tweet
Share
E-mailGet Alerts ULTA Hot Sheet
Price: $521.46 +1.23%
Rating Summary:
21 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
21 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Jefferies raised its price target on Hold-rated ULTA Salon (NASDAQ: ULTA) from $66 to $90 ahead of fourth quarter results after the close today (March 8).
The firm comments, "We expect a strong close to the year with solid 4Q results. ULTA was on a remarkable run during 2011 and we anticipate continued momentum into 2012 helped by product innovation, strategic marketing and effective execution. Despite the various positive aspects of this growth story, compares become very difficult this year and we believe the stock is fully valued."
Jefferies' Q4 EPS estimate is $0.68, which is in-line with the Wall Street consensus.
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 $87.92 yesterday.
The firm comments, "We expect a strong close to the year with solid 4Q results. ULTA was on a remarkable run during 2011 and we anticipate continued momentum into 2012 helped by product innovation, strategic marketing and effective execution. Despite the various positive aspects of this growth story, compares become very difficult this year and we believe the stock is fully valued."
Jefferies' Q4 EPS estimate is $0.68, which is in-line with the Wall Street consensus.
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 $87.92 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Cummins (CMI) PT Lowered to $675 at Jefferies
- Mizuho Reiterates Outperform Rating on Broadcom Limited (AVGO) Into EPS
- Deere (DE) PT Raised to $585 at JPMorgan
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
