Ulta Beauty (NASDAQ:ULTA) Earns Outperform Rating from Telsey Advisory Group

Ulta Beauty (NASDAQ:ULTA)‘s stock had its “outperform” rating restated by analysts at Telsey Advisory Group in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $500.00 target price on the specialty retailer’s stock. Telsey Advisory Group’s price objective would suggest a potential upside of 20.44% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. TD Cowen lowered their target price on shares of Ulta Beauty from $390.00 to $380.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. StockNews.com lowered Ulta Beauty from a “hold” rating to a “sell” rating in a research note on Friday, December 20th. William Blair downgraded Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. upped their price target on Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Raymond James cut their price objective on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Ulta Beauty currently has an average rating of “Hold” and a consensus price target of $458.78.

Ulta Beauty Stock Performance

Shares of ULTA opened at $415.14 on Tuesday. Ulta Beauty has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The business has a 50-day moving average of $400.28 and a 200 day moving average of $383.64. The firm has a market cap of $19.25 billion, a P/E ratio of 16.61, a price-to-earnings-growth ratio of 2.38 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping 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 firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the company earned $5.07 earnings per share. The company’s revenue was up 1.7% on a year-over-year basis. As a group, research analysts predict that Ulta Beauty will post 23.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Douglas Lane & Associates LLC increased its stake in shares of Ulta Beauty by 5.4% in the 4th quarter. Douglas Lane & Associates LLC now owns 2,109 shares of the specialty retailer’s stock worth $917,000 after acquiring an additional 108 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Ulta Beauty by 14.0% in the 4th quarter. Nordea Investment Management AB now owns 32,031 shares of the specialty retailer’s stock worth $14,015,000 after buying an additional 3,935 shares during the last quarter. GAMMA Investing LLC increased its position in Ulta Beauty by 170.4% during the 4th quarter. GAMMA Investing LLC now owns 1,141 shares of the specialty retailer’s stock valued at $496,000 after buying an additional 719 shares in the last quarter. Synovus Financial Corp raised its stake in Ulta Beauty by 5.2% during the third quarter. Synovus Financial Corp now owns 2,556 shares of the specialty retailer’s stock valued at $995,000 after buying an additional 126 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new stake in shares of Ulta Beauty in the third quarter worth $212,000. Institutional investors 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.