Ulta Beauty Announces Record First Quarter Fiscal 2021 Results
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ULTA Salon (ULTA) PT Raised to $385 at Oppenheimer
May 28, 2021 9:07 AM EDTOppenheimer analyst Rupesh Parikh raised the price target on ULTA Salon (NASDAQ: ULTA) to $385.00 (from $360.00) while maintaining an Outperform rating.
The analyst commented, "We overall look very favorably upon ULTAs Q1 delivery. Comps increased 65.9% ahead of a Street figure of +40.1% with comps 7%... More
UPDATE: ULTA Salon (ULTA) PT Raised to $360 but BofA Securities Sees Cost Pressures Ahead
May 28, 2021 7:34 AM EDT(Updated - May 28, 2021 8:46 AM EDT)
BofA Securities analyst Lorraine Hutchinson raised the price target on ULTA Salon (NASDAQ: ULTA) to $360.00 (from $335.00) after 1Q EPS of $4.10 beat expectations on stronger sales and gross margins. Stimulus checks, easing of Covid restrictions, increased... More
Ulta Salon (ULTA) Tops Q1 EPS by $2.17, Revenues Beat; Raises FY21 EPS/Revenues Guidance Above Consensus
May 27, 2021 4:07 PM EDTUlta Salon (NASDAQ: ULTA) reported Q1 EPS of $4.10, $2.17 better than the analyst estimate of $1.93. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.64 billion.
For the First Quarter of Fiscal 2021
Net sales increased 65.2% to $1.9 billion compared to $1.2 billion in the first quarter of fiscal 2020. The net sales increase during the first quarter of fiscal 2021 was primarily due to the favorable impact in the U.S. from improving consumer confidence, government stimulus payments and the easing of COVID-19 restrictions.Comparable sales (sales for stores open at least 14... More