William Blair Reiterates Outperform On Ulta Salon Cosmetics Shares

In a research report issued today, William Blair analyst Daniel Hofkin reiterated an Outperform rating on Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA). No price target was provided.

Hofkin noted, “We estimate that business trends remain solid and on track. We have slightly increased our EPS estimates to reflect expected modest initial share repurchase to offset dilution. We maintain our Outperform rating, in light of what we view as a reasonable valuation (25 times our 2015 EPS estimate) and opportunities to continue to gain considerable market share over time.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Daniel Hofkin has a total average return of -3.5% and a 25.0% success rate. Hofkin has a -2.0% average return when recommending ULTA, and is ranked #2559 out of 3336 analysts.

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