ULTA Salon (ULTA) Still A Pretty Stock, Thinks Goldman Sachs
Yesterday ULTA Salon (NASDAQ: ULTA) released positive Q3 earnings results, with EPS ahead of estimates by 3 cents and guidance that was in line.
Commenting on results, Goldman Sachs analyst Matthew J. Fassler said, "The magnitude of the beat was a bit smaller, and the composition of slightly lower quality. That said, Ulta's earnings growth and quality were excellent relative to our broader coverage and the still broader retail sector."
Fassler thinks ULTA Salon is the "best retail growth story" in its space.
"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," said the analyst.
Goldman Sachs reiterated a Buy ULTA Salon (NASDAQ: ULTA) and raised its price target to $117.00 (from $115.00).
For an analyst ratings summary and ratings history on ULTA Salon click here. For more ratings news on ULTA Salon click here.
Shares of ULTA Salon closed at $93.15 yesterday, with a 52 week range of $62.94-$103.52.
Commenting on results, Goldman Sachs analyst Matthew J. Fassler said, "The magnitude of the beat was a bit smaller, and the composition of slightly lower quality. That said, Ulta's earnings growth and quality were excellent relative to our broader coverage and the still broader retail sector."
Fassler thinks ULTA Salon is the "best retail growth story" in its space.
"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," said the analyst.
Goldman Sachs reiterated a Buy ULTA Salon (NASDAQ: ULTA) and raised its price target to $117.00 (from $115.00).
For an analyst ratings summary and ratings history on ULTA Salon click here. For more ratings news on ULTA Salon click here.
Shares of ULTA Salon closed at $93.15 yesterday, with a 52 week range of $62.94-$103.52.