William Blair Comments On Ulta Following Investor Meetings With Management


In a research report issued today, William Blair analyst Daniel Hofkin assigned an Outperform rating on Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA), following investor meetings with the management of ULTA, including Mary Dillon (CEO), Scott Settersten (CFO), and Laurel Lefebvre (vice president of investor relations). No price target was provided.

Hofkin wrote, “While there were no announcements (not surprising given the recent second-quarter release), we came away with reinforced confidence in the longer-term growth story, including opportunities to substantially increase awareness of the Ulta brand.” The analyst added, “We maintain our Outperform rating, in light of what we view as a reasonable valuation (26 times our 2015 EPS estimate) and given 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 -1.2% and a 57.1% success rate. Hofkin is ranked #2474 out of 3315 analysts.

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