ULTA Salon (ULTA) Still A Pretty Stock, Thinks Goldman Sachs

Go back to ULTA Salon (ULTA) Still A Pretty Stock, Thinks Goldman Sachs

Wells Fargo Upgrades ULTA Salon (ULTA) to Outperform Post Q3

November 30, 2012 7:49 AM EST

Wells Fargo upgraded ULTA Salon (NASDAQ: ULTA) from Market Perform to Outperform and raised its valuation range from $98-102 to $110-119.

The firm comments, "We think that the higher square footage growth for 2013 (125 new stores planned vs. 101 in 2012) should support above-average comp and... More

UPDATE: Ulta Salon (ULTA) Tops Q3 EPS by 3c; Guides In-Line

November 29, 2012 4:01 PM EST

(Updated - November 29, 2012 4:05 PM EST)

Ulta Salon (NASDAQ: ULTA) reported Q3 EPS of $0.59, $0.03 better than the analyst estimate of $0.56. Revenue for the quarter came in at $505.6 million versus the consensus estimate of $504.14 million. Q3 comps rose 8.4%.

Ulta Salon sees Q4 2012... More