Ulta Beauty (NASDAQ:ULTA) Rating Reiterated by Oppenheimer

Ulta Beauty (NASDAQ:ULTA)‘s stock had its “outperform” rating reissued by Oppenheimer in a research note issued to investors on Thursday, Benzinga reports. They presently have a $450.00 target price on the specialty retailer’s stock. Oppenheimer’s target price would suggest a potential upside of 19.29% from the stock’s current price.

ULTA has been the subject of a number of other research reports. JPMorgan Chase & Co. boosted their price target on Ulta Beauty from $530.00 to $544.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. Citigroup dropped their target price on shares of Ulta Beauty from $485.00 to $400.00 and set a “neutral” rating for the company in a research report on Friday, May 24th. Canaccord Genuity Group reduced their price target on shares of Ulta Beauty from $575.00 to $522.00 and set a “buy” rating on the stock in a research report on Wednesday, May 29th. Stifel Nicolaus lowered their price objective on shares of Ulta Beauty from $565.00 to $475.00 and set a “hold” rating for the company in a research report on Tuesday, May 14th. Finally, Evercore ISI reduced their target price on Ulta Beauty from $630.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, May 31st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $494.83.

Ulta Beauty Stock Up 3.1 %

Shares of NASDAQ:ULTA opened at $377.23 on Thursday. Ulta Beauty has a 12-month low of $318.17 and a 12-month high of $574.76. The company’s 50 day moving average price is $375.23 and its two-hundred day moving average price is $435.78. The firm has a market cap of $18.00 billion, a PE ratio of 14.71, a PEG ratio of 1.52 and a beta of 1.37.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.19 by $0.28. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the previous year, the company posted $6.88 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, research analysts expect that Ulta Beauty will post 25.65 EPS for the current year.

Insider Transactions at Ulta Beauty

In related news, Director Catherine Ann Halligan sold 100 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total value of $39,008.00. Following the sale, the director now directly owns 2,017 shares in the company, valued at $786,791.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ulta Beauty news, insider Jodi J. Caro sold 650 shares of the stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total transaction of $252,642.00. Following the completion of the sale, the insider now directly owns 6,801 shares in the company, valued at approximately $2,643,412.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total value of $39,008.00. Following the completion of the transaction, the director now directly owns 2,017 shares in the company, valued at $786,791.36. The disclosure for this sale can be found here. 0.39% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ulta Beauty

Several large investors have recently added to or reduced their stakes in the business. Cerity Partners LLC increased its stake in shares of Ulta Beauty by 80.9% in the 4th quarter. Cerity Partners LLC now owns 1,523 shares of the specialty retailer’s stock valued at $746,000 after acquiring an additional 681 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in Ulta Beauty in the fourth quarter worth $1,470,000. Mackenzie Financial Corp increased its stake in Ulta Beauty by 1.0% in the fourth quarter. Mackenzie Financial Corp now owns 10,458 shares of the specialty retailer’s stock valued at $5,124,000 after purchasing an additional 106 shares in the last quarter. Wealth Alliance raised its holdings in shares of Ulta Beauty by 10.0% during the fourth quarter. Wealth Alliance now owns 1,433 shares of the specialty retailer’s stock valued at $702,000 after purchasing an additional 130 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in shares of Ulta Beauty by 14.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,142 shares of the specialty retailer’s stock worth $3,010,000 after purchasing an additional 760 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

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.