BofA Securities analyst Lorraine Hutchinson reiterated the Neutral rating on Ulta Beauty, Inc. ULTA with a price objective of $380. The analyst reduced the FY25 EPS estimate by 8% to $22.41, reflecting a 3% decline due to more store openings offset by lower margins. The company projects annual sales growth of 4-6%, comparable sales growth of 3-4%, and low-double-digit EPS growth. Per Hutchinson, FY25 may be a transitional year, with results falling short of long-term targets as the company navigates softer ...