Market Overview

UPDATE: Goldman Sachs Raises PT to $117 on Ulta on Quarterly Results

Related ULTA
Ulta Beauty Announces Addition To Board Of Directors
American Eagle Outfitters, Continental Resources, Inc. And Other Insiders Have Been Buying
Making Money With Charles Payne: 09/19/14 (Fox Business)

Goldman Sachs reiterated its Buy rating on Ulta (NASDAQ: ULTA) and raised its price target from $115 to $117.

Goldman Sachs noted, "In the context of a retail sector that suddenly seems a bit less certain, given broadly softer November sales trends and unresolved fiscal policy issues, ULTA's unit growth and consumer traction remain highly appealing. We trim our 4Q12 EPS estimate modestly, to $0.99 from $1.00 on softer gross margin and a lower SSS estimate, primarily due to the impact of hurricane Sandy. We hike our 2013 and 2014 EPS estimates to $3.50 and $4.45 from $3.48 and $4.35, respectively, driven by tighter cost control and stronger sales contribution from new stores (better new space productivity, larger new store size than in our prior model)."

Ulta closed at $93.15 on Thursday.

Latest Ratings for ULTA

DateFirmActionFromTo
Sep 2014CitigroupMaintainsBuy
Sep 2014JP MorganMaintainsOverweight
Sep 2014Morgan Stanley

View More Analyst Ratings for ULTA
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (ULTA)

Around the Web, We're Loving...

Get Benzinga's Newsletters