Ulta Beauty, Inc. (NASDAQ:ULTA) Receives $439.30 Consensus PT from Analysts

Ulta Beauty, Inc. (NASDAQ:ULTA) has been given a consensus rating of “Hold” by the twenty-four analysts that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $439.30.

Several analysts have recently issued reports on the company. DA Davidson upped their price objective on Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Barclays raised their price target on shares of Ulta Beauty from $335.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Telsey Advisory Group raised their target price on shares of Ulta Beauty from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, B. Riley lifted their target price on shares of Ulta Beauty from $300.00 to $330.00 and gave the stock a “sell” rating in a research note on Friday, December 6th.

Institutional Investors Weigh In On Ulta Beauty

A number of hedge funds have recently added to or reduced their stakes in ULTA. Choreo LLC increased its holdings in shares of Ulta Beauty by 71.7% during the second quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock valued at $1,103,000 after purchasing an additional 1,198 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in Ulta Beauty during the 2nd quarter valued at about $19,136,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Ulta Beauty by 5.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,778 shares of the specialty retailer’s stock worth $1,072,000 after buying an additional 139 shares in the last quarter. Jensen Investment Management Inc. lifted its stake in shares of Ulta Beauty by 17.9% in the 3rd quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock worth $4,409,000 after acquiring an additional 1,720 shares during the period. Finally, Distillate Capital Partners LLC bought a new position in shares of Ulta Beauty in the second quarter valued at approximately $14,665,000. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Stock Down 0.3 %

Ulta Beauty stock opened at $423.57 on Wednesday. The firm has a market capitalization of $19.64 billion, a PE ratio of 16.95, a P/E/G ratio of 2.38 and a beta of 1.32. Ulta Beauty has a 52 week low of $318.17 and a 52 week high of $574.76. The firm’s 50-day simple moving average is $380.66 and its 200 day simple moving average is $378.57.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the business earned $5.07 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. On average, research analysts expect that Ulta Beauty will post 23.57 EPS for the current fiscal year.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.