Ulta Beauty, Inc. (NASDAQ:ULTA) Receives Average Recommendation of “Hold” from Brokerages

Shares of Ulta Beauty, Inc. (NASDAQ:ULTA) have been given an average rating of “Hold” by the twenty-four ratings firms that are currently covering the stock, Marketbeat reports. Two research 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 target among brokers that have issued ratings on the stock in the last year is $439.30.

Several equities analysts have recently weighed in on ULTA shares. Oppenheimer upped their price objective on shares of Ulta Beauty from $435.00 to $505.00 and gave the company an “outperform” rating in a report on Friday, December 6th. B. Riley boosted their target price on Ulta Beauty from $300.00 to $330.00 and gave the company a “sell” rating in a research report on Friday, December 6th. William Blair lowered Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. Raymond James decreased their price objective on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a report on Monday, October 14th. Finally, Canaccord Genuity Group increased their target price on Ulta Beauty from $442.00 to $476.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd.

Institutional Trading of Ulta Beauty

Hedge funds have recently bought and sold shares of the company. UMB Bank n.a. lifted its position in Ulta Beauty by 83.3% in the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 30 shares during the last quarter. Innealta Capital LLC bought a new stake in Ulta Beauty during the 2nd quarter valued at $32,000. Paladin Wealth LLC bought a new stake in Ulta Beauty during the 3rd quarter valued at $32,000. Westside Investment Management Inc. boosted its position in Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 50 shares during the period. Finally, Sunbelt Securities Inc. grew its holdings in Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 45 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $411.92 on Wednesday. The stock has a market capitalization of $19.10 billion, a P/E ratio of 16.48, a P/E/G ratio of 2.42 and a beta of 1.33. The business has a 50 day simple moving average of $374.73 and a 200 day simple moving average of $376.92. Ulta Beauty has a one year low of $318.17 and a one year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS 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 company 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 firm posted $5.07 EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Equities analysts expect that Ulta Beauty will post 23.48 earnings per share for the current year.

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.