Ulta Salon (ULTA) Announces Long-Term Financial Targets, Strategic Priorities

ULTA Salon (ULTA) PT Lowered to $390 at Jefferies

Jefferies analyst Stephanie Wissink lowered the price target on ULTA Salon (NASDAQ: ULTA) to $390.00 (from $405.00) while maintaining a Hold rating.

The analyst commented, "Post investor day, we course correct our model to lower core growth and margins, offset by higher EPS growth... More

Ulta (ULTA) Stock Falls Sharply Following Analyst Day, Firms Lower Price Targets on Disappointing Guidance but Remain Upbeat LT

Shares of Ulta Beauty (NASDAQ: ULTA) closed over 10% in the red Tuesday after the company presented its new long-term financial targets during yesterdays Analyst Day.

Ulta is calling for total net sales growth between 5% to 7% CAGR in the 2022-2024 period. Net new store growth is projected at 50 stores per year with comparable sales expected to grow 3%-5% on an annual basis.

Reflecting our understanding about how the consumer and beauty category are evolving, we have refreshed our strategic framework, and we are excited to share our vision for Ulta... More

ULTA Salon (ULTA) PT Lowered to $415 at Credit Suisse

Credit Suisse analyst Michael Binetti lowered the price target on ULTA Salon (NASDAQ: ULTA) to $415.00 (from $445.00) while maintaining a Outperform rating.

The analyst comments "Trimming our target price to $415 from $445 on 25x (28x prior) FY22 EPS of $16.50. While we think ULTAs Analyst Day guidance... More

ULTA Salon (ULTA) PT Lowered to $440 at Cowen

Cowen analyst Oliver Chen lowered the price target on ULTA Salon (NASDAQ: ULTA) to $440.00 (from $490.00) while maintaining a Outperform rating.

The analyst comments "Cowen Expects Top-Line to Accelerate With Longer-Term Opportunity in Margins As Investments Pay Off. In the near-term, we... More