Ulta Beauty (NASDAQ:ULTA) Stock Price Expected to Rise, Oppenheimer Analyst Says

Ulta Beauty (NASDAQ:ULTA) had its price target raised by equities research analysts at Oppenheimer from $505.00 to $515.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the specialty retailer’s stock. Oppenheimer’s price target would indicate a potential upside of 24.05% from the company’s current price.

A number of other analysts have also weighed in on ULTA. Stifel Nicolaus increased their price objective on Ulta Beauty from $395.00 to $455.00 and gave the company a “hold” rating in a research note on Friday, December 6th. B. Riley increased their price target on shares of Ulta Beauty from $300.00 to $330.00 and gave the company a “sell” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. raised their price target on shares of Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Canaccord Genuity Group upped their price objective on shares of Ulta Beauty from $442.00 to $476.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, StockNews.com cut Ulta Beauty from a “hold” rating to a “sell” rating in a research note on Friday, December 20th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $458.78.

Ulta Beauty Trading Down 3.1 %

Ulta Beauty stock opened at $415.14 on Tuesday. The firm has a 50 day simple moving average of $400.28 and a 200 day simple moving average of $383.64. Ulta Beauty has a 1-year low of $318.17 and a 1-year high of $574.76. The firm has a market capitalization of $19.25 billion, a price-to-earnings ratio of 16.61, a P/E/G ratio of 2.38 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results 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 the consensus estimate of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. Ulta Beauty’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the firm posted $5.07 earnings per share. On average, equities research analysts forecast that Ulta Beauty will post 23.57 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ULTA. Douglas Lane & Associates LLC increased its stake in shares of Ulta Beauty by 5.4% during the fourth quarter. Douglas Lane & Associates LLC now owns 2,109 shares of the specialty retailer’s stock valued at $917,000 after purchasing 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 position in Ulta Beauty during the third quarter valued at $212,000. 90.39% of the stock is currently owned by institutional investors.

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.