UPDATE: Ulta Salon (ULTA) Q2 EPS Tops Consensus, Revenue Beats, Raises FY Guidance

Wells Fargo Downgrades Ulta Beauty (ULTA) to ‘Equal-Weight' as Reopening Play Has Played Out, Difficult to See More Upside From Here

Wells Fargo analyst Ike Boruchow downgraded shares of Ulta Beauty (NASDAQ: ULTA) to Equal-weight from Overweight on risk/reward that is not quite as favorable at these levels.

On Wednesday, the company delivered better-than-expected results with EPS coming in at $4.56 to crush analyst consensus of $2.42. Sales were reported at $2 billion, again higher than the consensus of $1.72 billion.

As shares are up over 37% YTD, Boruchow believes the reopening play is behind us now.

Since Spring, when vaccination rates began to accelerate, social distancing/mask restrictions eased, and consumer confidence began to... More

'Another Stellar Delivery': Ulta Beauty (ULTA) Leaps Higher as Sales Grew 60% on Robust Demand for Makeup, Firms Raise Numbers

Shares of Ulta Beauty (NASDAQ: ULTA) are up today after the company delivered better-than-expected Q2 results.

EPS came in at $4.56 to crush analyst consensus of $2.42. Sales were reported at $2 billion, again higher than the consensus of $1.72 billion.

The Ulta Beauty team delivered strong results for the second quarter. This performance reflects the recovery of the beauty category, investments and choices weve made over the last year to adapt to the market disruption and strengthen our leadership position, and the ongoing efforts of our associates to deliver great experiences for our... More

ULTA Salon (ULTA) PT Raised to $405 at Jefferies

Jefferies analyst Stephanie Wissink raised the price target on ULTA Salon (NASDAQ: ULTA) to $405.00 (from $330.00) while maintaining a Hold rating.

The analyst commented, "Estimates & PT move significantly higher following a very strong Q2 report. Across the metrics that matter most, the company beat... More

ULTA Salon (ULTA) PT Raised to $430 at BofA Securities

BofA Securities analyst Lorraine Hutchinson raised the price target on ULTA Salon (NASDAQ: ULTA) to $430.00 (from $360.00) while maintaining a Neutral rating.

ULTA Salon (ULTA) PT Raised to $455 at UBS

UBS analyst Michael Lasser raised the price target on ULTA Salon (NASDAQ: ULTA) to $455.00 (from $415.00) while maintaining a Buy rating.

ULTA Salon (ULTA) PT Raised to $490 at Cowen

Cowen analyst Oliver Chen raised the price target on ULTA Salon (NASDAQ: ULTA) to $490.00 (from $385.00) while maintaining an Outperform rating.

The analyst commented, "$4.56 2Q EPS beat Street's $2.59 and raised FY21 guide implies higher revenue and margins in 2H21. Customers returning to stores, solid... More