Shares of Ulta were trading at $212.98 on Thursday, with a consensus analyst price target of $212.31 and a 52-week trading range of $120.38 to $214.44. (NASDAQ:ULTA), and it set a daily sentiment score of 0.202 on the company.
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Analysts and investors may also look to a stock’s current price relative to its moving averages.
Piper Jaffray reiterated a Buy rating.
Gross profit at Ulta increased 150 basis points to 36.4% from 34.9% in the first quarter of fiscal 2015, and net income increased 37.4% to $92 million compared to $66.9 million in the first quarter of fiscal 2015. Investors will be getting a good grip in comparing the current earnings of the company to estimated future earnings. Revenue for the period is expected to total almost $1.03B from $877.00M the year-ago period.
For the second quarter of fiscal 2016, the company now expects net sales in the range of $1,041 million to $1,058 million, compared to actual net sales of $877.0 million in the second quarter of fiscal 2015.
“We are off to a phenomenal start to the year, delivering excellent top and bottom line growth in the first quarter”, said Mary Dillon, Chief Executive Officer. “Several positive factors are coming together to drive the momentum in our business, exemplified by the best comparable sales growth in our history as a public company”. EPS for the same period registers at 4.98.
Among the 16 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for ULTA is $213.88 but some analysts are projecting the price to go as high as $260.00.
Shares of ULTA Salon, Cosmetics & Fragrance, Inc. A negative earnings surprise will usually result in a decline in share price. In the matter of earnings surprises, the term Cockroach Effect is often implied.
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Tiffany & Co. (NYSE:TIF) moved down turns in hot stance in regular session as it -2.10% to $62.55 in the session with shares volume of 2.49 Million. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come. Shares finished up by 2.21 at $213.69. Its stores provide cosmetics, fragrance, haircare, skincare, bath and body products, and salon styling tools. The planned increase in capital expenditures includes approximately $80 million to fund an accelerated rollout of prestige brand boutiques and enhancements to the Ulta Beauty Collection and fragrance fixtures in hundreds of stores. As of January 31, 2015, it operated 774 stores in 47 states. Ulta Salon Cosmetics & Fragrance makes up approx 0.18% of Mazama Capital Management Inc’s portfolio.Norges Bank boosted its stake in ULTA in the latest quarter, The investment management firm added 69,900 additional shares and now holds a total of 578,459 shares of Ulta Salon Cosmetics & Fragrance which is valued at $118.7 Million.
