Market Overview

Piper Jaffray Increases EPS and Raises PT on Ulta

Share:

According to a recent report, Piper Jaffray has increased the price target on Ulta (NASDAQ: ULTA) from $48.00 to $60.00 and raised the EPS estimates from $0.29 to $0.33 in FQ2, from $1.52 to $1.61 in FY12 and from $1.90 to $2.00 in FY13. Piper Jaffray maintains an Overweight rating on Ulta.

In the report, Piper Jaffray said, "We continue to favor ULTA as our top growth stock as we believe the shares represent a unique opportunity to invest in a retailer with multiple viable growth levers, dovetailing with a secular shift in beauty distribution away from department stores and toward the specialty-store channel."

Ulta closed yesterday at $49.61.

 

Related Articles (ULTA)

View Comments and Join the Discussion!

Posted-In: Piper Jaffray UltaAnalyst Color Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
AZOUBSMaintains1,250.0
AUBSMaintains87.0
NAVBHC Wainwright & Co.Maintains6.0
EDCFRAMaintains74.0
TNDMB of A SecuritiesMaintains95.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com