Ulta Beauty Announces First Quarter 2016 Results
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May 27, 2016 1:13 PM EDT
Morgan Stanley maintained an Equalweight rating on ULTA Salon (NASDAQ: ULTA), and raised the price target to $230.00 (from $205.00), following the company's 1Q earnings report.
Analyst Simeon Gutman commented, "Comps rose an impressive 15.2%, EBIT dollars increased 37% and EPS grew 40% YoY. Ulta's stock performed well during Q1... More
May 27, 2016 9:17 AM EDT
Nomura Ulta Salon (NASDAQ: ULTA) analyst, Simeon Siegel, noted that in an environment where modestly positive comps are hailed, 15% is on another plane. Valuation is the pushback, but it has been so for the past $100 of share price. No change Buy rating, PT raises to $244... More
May 27, 2016 8:51 AM EDT
Jefferies reiterated a Hold rating on ULTA Salon (NASDAQ: ULTA), and raised the price target to $215.00 (from $180.00), following the company's 1Q earnings report. ULTA reported comps at +15% (beating the Street and guidance numbers) on top of an +11% comp in 1Q16.
Analyst Randal Konik... More
May 27, 2016 8:12 AM EDT
Piper Jaffray analyst, Stephanie Wissink, noted that ULTA Salon (NASDAQ: ULTA) delivered a significantly better-than-expected Q1 and guided for a double-digit trend to continue through Q2. Comp sales increased 15%, exceeding even the most bullish expectations. The analyst recently spent time with execs across the beauty industry and thinks Ulta is... More
