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

Shares of Ulta Beauty, Inc. (NASDAQ:ULTA) have been given a consensus rating of “Hold” by the twenty-four brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $439.30.

Several research analysts have issued reports on ULTA shares. Raymond James dropped their target price on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. Citigroup boosted their price objective on Ulta Beauty from $390.00 to $450.00 and gave the company a “neutral” rating in a report on Friday, December 6th. UBS Group increased their target price on Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Wells Fargo & Company lifted their target price on Ulta Beauty from $300.00 to $350.00 and gave the stock an “underweight” rating in a research report on Friday, December 6th. Finally, Telsey Advisory Group upped their price target on shares of Ulta Beauty from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, December 6th.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $424.11 on Wednesday. The firm has a market capitalization of $19.67 billion, a PE ratio of 16.96, a PEG ratio of 2.42 and a beta of 1.32. The stock’s fifty day moving average is $377.54 and its 200 day moving average is $377.83. Ulta Beauty has a fifty-two week low of $318.17 and a fifty-two week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.07 earnings per share. Equities analysts forecast that Ulta Beauty will post 23.57 EPS for the current year.

Institutional Trading of Ulta Beauty

A number of institutional investors have recently made changes to their positions in ULTA. RFG Advisory LLC increased its stake in Ulta Beauty by 35.9% during the 2nd quarter. RFG Advisory LLC now owns 537 shares of the specialty retailer’s stock valued at $207,000 after purchasing an additional 142 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of Ulta Beauty by 28.5% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 826 shares of the specialty retailer’s stock valued at $319,000 after acquiring an additional 183 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Ulta Beauty by 5.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,287 shares of the specialty retailer’s stock valued at $1,268,000 after acquiring an additional 182 shares during the period. Diversified Trust Co lifted its position in Ulta Beauty by 81.2% during the 2nd quarter. Diversified Trust Co now owns 2,855 shares of the specialty retailer’s stock worth $1,102,000 after acquiring an additional 1,279 shares during the period. Finally, Great Valley Advisor Group Inc. grew its stake in Ulta Beauty by 3.7% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,390 shares of the specialty retailer’s stock valued at $537,000 after purchasing an additional 49 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

About Ulta Beauty

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.