Ulta Salon Scores Stream of Bullish Analysis After Solid Quarter

Shares of Ulta Salon jumped on Friday making it TheStreet's Move of the Day. The beauty supplies chain received a series of price target boosts after reporting a better-than-expected second quarter and positive earnings outlook a day earlier. Citibank raised its price target to $130, Baird to $125, Jefferies to $110 and Sterne to $125 a share. Analysts at Citibank argued the retailer remains a “consistently strong performer in a competitive and challenging environment.” Over the second quarter, Ulta's earnings of 94 cents a share beat estimates of 83 cents a share, while revenue spiked 22.2% to $734.23 million.