ULTA Beauty's (ULTA) Disciplined Approach Should Drive Low-Double-Digit EPS Growth, Says Analyst

UBS analyst Michael Lasser reiterated a Buy rating and $810.00 price target on ULTA Beauty (NASDAQ: ULTA).

The analyst commented, "ULTA struck an optimistic tone; we think it can sustain its momentum while being prudent with its investments We hosted a meeting with investors and Ulta Beauty's CFO, Chris DelOrefice; SVP of Investor Relations, Kiley Rawlins; Director of Investor Relations, Mary Kate Boyce; and Senior Investor Relations Analyst, Lex Santella. Overall, the key message was that ULTA is poised for sustainable, profitable growth. The company has been making prudent investments across its business to establish a strong foundation. Now, it is staring to harvest the benefits of these investments. .. ULTA's disciplined and structured approach should serve it well to drive low-double-digit EPS growth. So, we think ULTA's shares remain compelling. Our $810 PT reflects ~26x (no change) our '27E EPS estimate of $31.40 (no change)."

For an analyst ratings summary and ratings history on ULTA Beauty click here. For more ratings news on ULTA Beauty click here.

Shares of ULTA Beauty closed at $537.39 yesterday.

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