Canaccord analyst Susan Anderson raised the firm’s price target on Ulta Beauty (ULTA) to $538 from $500 and keeps a Buy rating on the shares. The firm noted the company announced that CEO Dave Kimbell is set to retire after serving in various executive roles at the company over the last 11 years. Additionally, management provided an update and highlighted a stronger-than-planned holiday season and quarter-to-date trends.
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Read More on ULTA:
- Ulta Beauty price target raised to $370 from $350 at Wells Fargo
- Ulta Beauty (ULTA) CEO Dave Kimbell Announces Retirement
- Ulta Beauty Announces CEO Transition and Financial Outlook
- Ulta Beauty CEO Kimbell to retire, Steelman named successor
- Ulta Beauty price target raised to $394 from $390 at Piper Sandler