Analysts Set Ulta Beauty, Inc. (NASDAQ:ULTA) Price Target at $425.29

Ulta Beauty, Inc. (NASDAQ:ULTA) has been assigned an average recommendation of “Hold” from the twenty-four research firms that are covering the firm, MarketBeat Ratings reports. Two investment 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 price target among brokers that have issued a report on the stock in the last year is $425.29.

ULTA has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Robert W. Baird dropped their price target on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a research report on Friday, August 23rd. Citigroup dropped their price target on shares of Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Telsey Advisory Group decreased their price objective on shares of Ulta Beauty from $500.00 to $450.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Finally, Evercore ISI decreased their price objective on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating for the company in a report on Monday, August 26th.

Ulta Beauty Trading Down 0.5 %

Ulta Beauty stock opened at $404.01 on Friday. 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 $19.04 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 2.30 and a beta of 1.31. The firm’s fifty day moving average price is $368.40 and its two-hundred day moving average price is $401.69.

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). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period last year, the business posted $6.02 earnings per share. The firm’s quarterly revenue was up .9% on a year-over-year basis. On average, research analysts forecast that Ulta Beauty will post 23.21 EPS for the current year.

Insider Activity at Ulta Beauty

In related news, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total transaction of $39,008.00. Following the completion of the transaction, the director now owns 2,017 shares of the company’s stock, valued at $786,791.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.39% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ulta Beauty

Several hedge funds have recently bought and sold shares of the stock. Anchor Investment Management LLC lifted its position in Ulta Beauty by 191.2% during the second quarter. Anchor Investment Management LLC now owns 198 shares of the specialty retailer’s stock valued at $76,000 after purchasing an additional 130 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Ulta Beauty during the second quarter valued at approximately $8,759,000. University of Texas Texas AM Investment Management Co. lifted its position in Ulta Beauty by 90.9% during the second quarter. University of Texas Texas AM Investment Management Co. now owns 168 shares of the specialty retailer’s stock valued at $65,000 after purchasing an additional 80 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in shares of Ulta Beauty by 6.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,055 shares of the specialty retailer’s stock worth $407,000 after acquiring an additional 60 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Ulta Beauty in the 2nd quarter worth approximately $1,500,000. 90.39% of the stock is currently owned by institutional investors.

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.