ULTA Salon (ULTA) Target Raised, 'Hold' Maintained at Jefferies

Jefferies analyst Randal Konik reiterated a Hold rating on ULTA Salon (NASDAQ: ULTA) and bumped his price target from $80 to $88 following Q4 results.

Konik commented, ULTA delivered 4Q results just above the high end of guidance, beating consensus EPS by 2c. Margins came in slightly worse than expected due to extensive promos and mgmt guided to a moderate deceleration in top and bottom line growth in the yr ahead. While we view ULTA as a long-term share gainer, we believe valuation is fully priced, particularly given slowing margin and sales trends."

The firm trimmed Q1 EPS from $0.77 to $0.72 and FY 2014 EPS from $3.75 to $3.63.

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 $89.51 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Dollarama Inc. (DOL:CN) (DLMAF) PT Raised to Cdn$231 at Bernstein SocGen
• Uber Inc. (UBER) PT Raised to $115 at Tigress Financial Partners
• The Lovesac Co. (LOVE) PT Raised to $20 at DA Davidson Following Q1 Results