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

Telsey Advisory Group restated their outperform rating on shares of Ulta Beauty (NASDAQ:ULTA) in a research note published on Wednesday,Benzinga reports. The brokerage currently has a $450.00 price target on the specialty retailer’s stock.

A number of other research firms also recently issued reports on ULTA. JPMorgan Chase & Co. increased their price objective on shares of Ulta Beauty from $450.00 to $472.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. UBS Group cut their price target on Ulta Beauty from $550.00 to $505.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Wells Fargo & Company decreased their price objective on Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating for the company in a research note on Friday, August 30th. Raymond James cut their target price on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a research note on Monday, October 14th. Finally, DA Davidson decreased their price target on shares of Ulta Beauty from $507.00 to $435.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $420.71.

Ulta Beauty Stock Up 4.1 %

Shares of NASDAQ ULTA opened at $375.25 on Wednesday. Ulta Beauty has a twelve month low of $318.17 and a twelve month high of $574.76. The business has a fifty day simple moving average of $374.99 and a two-hundred day simple moving average of $376.68. The firm has a market cap of $17.68 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 2.08 and a beta of 1.33.

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

Hedge Funds Weigh In On Ulta Beauty

Institutional investors have recently bought and sold shares of the business. Kennedy Capital Management LLC lifted its holdings in shares of Ulta Beauty by 4.3% in the 1st quarter. Kennedy Capital Management LLC now owns 5,832 shares of the specialty retailer’s stock valued at $3,049,000 after buying an additional 242 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in Ulta Beauty by 20.6% in the first quarter. B. Riley Wealth Advisors Inc. now owns 3,981 shares of the specialty retailer’s stock valued at $2,082,000 after acquiring an additional 680 shares during the period. Wahed Invest LLC boosted its position in Ulta Beauty by 20.0% in the 1st quarter. Wahed Invest LLC now owns 1,002 shares of the specialty retailer’s stock worth $524,000 after purchasing an additional 167 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Ulta Beauty during the 1st quarter worth approximately $1,947,000. Finally, LRI Investments LLC purchased a new position in shares of Ulta Beauty during the 1st quarter valued at approximately $31,000. 90.39% of the stock is owned by hedge funds and other 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.