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

Shares of Ulta Beauty, Inc. (NASDAQ:ULTA) have been given an average rating of “Hold” by the twenty-four analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $454.43.

ULTA has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Citigroup lifted their price objective on shares of Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a research note on Tuesday. Wells Fargo & Company increased their target price on shares of Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a research report on Tuesday. William Blair downgraded shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Finally, Stifel Nicolaus upped their price target on shares of Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a research note on Tuesday.

Ulta Beauty Trading Down 0.7 %

ULTA stock opened at $428.27 on Friday. The stock’s 50 day simple moving average is $399.50 and its 200 day simple moving average is $383.42. Ulta Beauty has a 12-month low of $318.17 and a 12-month high of $574.76. The firm has a market cap of $19.86 billion, a P/E ratio of 17.14, a P/E/G 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 (EPS) for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business posted $5.07 earnings per share. On average, research analysts forecast that Ulta Beauty will post 23.57 EPS for the current fiscal year.

Institutional Investors Weigh In On Ulta Beauty

Several institutional investors have recently made changes to their positions in the company. Choreo LLC lifted its stake in Ulta Beauty by 71.7% in the second quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock valued at $1,103,000 after acquiring an additional 1,198 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Ulta Beauty during the second quarter worth $19,136,000. Jensen Investment Management Inc. increased its position in Ulta Beauty by 17.9% during the third quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock worth $4,409,000 after buying an additional 1,720 shares during the last quarter. Distillate Capital Partners LLC acquired a new stake in shares of Ulta Beauty in the second quarter worth about $14,665,000. Finally, Versor Investments LP bought a new stake in shares of Ulta Beauty during the 3rd quarter worth about $793,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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.