Brokerages Set Ulta Beauty, Inc. (NASDAQ:ULTA) Target Price at $420.71

Shares of Ulta Beauty, Inc. (NASDAQ:ULTA) have received an average rating of “Hold” from the twenty-four research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $420.71.

Several research analysts have commented on the stock. Wells Fargo & Company lowered their price target on shares of Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating for the company in a report on Friday, August 30th. The Goldman Sachs Group dropped their target price on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Robert W. Baird lowered their price objective on Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a research report on Friday, August 23rd. Telsey Advisory Group reissued an “outperform” rating and set a $450.00 target price on shares of Ulta Beauty in a research report on Thursday, October 17th. Finally, UBS Group lowered their price target on Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a report on Friday, August 30th.

Ulta Beauty Trading Up 1.7 %

Shares of NASDAQ ULTA opened at $373.30 on Tuesday. The stock has a market cap of $17.59 billion, a P/E ratio of 14.98, a PEG ratio of 2.10 and a beta of 1.32. The business’s fifty day simple moving average is $376.26 and its 200-day simple moving average is $384.10. Ulta Beauty has a 12-month low of $318.17 and a 12-month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same period in the prior year, the business earned $6.02 EPS. Ulta Beauty’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities analysts forecast that Ulta Beauty will post 23.07 EPS for the current fiscal year.

Institutional Trading of Ulta Beauty

Several hedge funds have recently made changes to their positions in the company. Riverview Trust Co purchased a new stake in Ulta Beauty in the 1st quarter valued at approximately $30,000. Sound Income Strategies LLC grew its holdings in Ulta Beauty by 490.0% during the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 49 shares during the period. LRI Investments LLC purchased a new position in Ulta Beauty in the first quarter worth $31,000. UMB Bank n.a. lifted its holdings 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 acquiring an additional 30 shares during the period. Finally, Innealta Capital LLC acquired a new position in shares of Ulta Beauty during the 2nd quarter worth $32,000. Institutional investors and hedge funds 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.