Loop Capital analyst Anthony Chukumba raised his price target on Ulta Beauty to $300, saying he has added confidence in the company's long-term growth prospects after its Analyst and Investor Conference. The analyst cites the management focus on "meeting the needs of its core 'beauty enthusiast' customers and maximizing gross margin dollars per square foot. Chukumba is also positive on the company's forecast of comps and earnings growth remaining in "mid- to high-single-digit and mid- to high-teens percentage" respectively for the next few years, but keeps a Hold rating on Ulta Beauty given its "appropriate" valuation.