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

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

August 27, 2021 9:31 AM EDT

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

The Beauty Health Company (SKIN) Likely to Benefit From ULTA Salon (ULTA) Launching HydraFacial Skin Services - Jefferies

August 26, 2021 8:45 AM EDT

Jefferies analyst Stephanie Wissink reiterated a Buy rating on The Beauty Health Company (NASDAQ: SKIN) after Ulta Salon (NASDAQ: ULTA) announced plans to start testing HydraFacial skin services in its stores this year. ULTA has ~1,300 stores and is likely to be similar... More

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

August 26, 2021 8:08 AM EDT

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 $470 at Piper Sandler

August 26, 2021 8:04 AM EDT

Piper Sandler analyst Erinn Murphy raised the price target on ULTA Salon (NASDAQ: ULTA) to $470.00 (from $405.00) while maintaining a Overweight rating.... More

ULTA Salon (ULTA) PT Raised to $420 at Stifel

August 26, 2021 8:03 AM EDT

Stifel analyst Mark Astrachan raised the price target on ULTA Salon (NASDAQ: ULTA) to $420.00 (from $385.00) while maintaining a Hold rating.... More

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

August 26, 2021 7:26 AM EDT

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.

... More

ULTA Salon (ULTA) PT Raised to $478 at Deutsche Bank

August 26, 2021 6:54 AM EDT

Deutsche Bank analyst Paul Trussell raised the price target on ULTA Salon (NASDAQ: ULTA) to $478.00 (from $417.00) while maintaining a Buy rating.... More

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

August 26, 2021 6:50 AM EDT

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

... More

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

August 26, 2021 6:17 AM EDT

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

ULTA Salon (ULTA) PT Raised to $430 at Wells Fargo

August 26, 2021 6:15 AM EDT

Wells Fargo analyst Ike Boruchow raised the price target on ULTA Salon (NASDAQ: ULTA) to $430.00 (from $375.00) while maintaining a Overweight rating.... More

ULTA Salon (ULTA) PT Raised to $450 at Oppenheimer

August 26, 2021 5:51 AM EDT

Oppenheimer analyst Rupesh Parikh raised the price target on ULTA Salon (NASDAQ: ULTA) to $450.00 (from $415.00) while maintaining a Outperform rating.... More

ULTA Salon (ULTA) PT Raised to $410 at Citi

August 26, 2021 5:50 AM EDT

Citi analyst Kelly Crago raised the price target on ULTA Salon (NASDAQ: ULTA) to $410.00 (from $360.00) while maintaining a Neutral rating.... More

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

August 25, 2021 4:07 PM EDT

(Updated - August 25, 2021 4:11 PM EDT)

Ulta Salon (NASDAQ: ULTA) reported Q2 EPS of $4.56, topping the analyst estimate of $2.42. Revenue for the quarter came in at $2 billion versus the consensus estimate of $1.72 billion.

Diluted earnings per share was $4.56, including a $0.04 benefit due to... More