Ulta Beauty, Inc. (NASDAQ:ULTA) Receives $427.13 Consensus Price Target from Brokerages

Shares of Ulta Beauty, Inc. (NASDAQ:ULTA) have been assigned an average rating of “Hold” from the twenty-four analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $427.13.

Several equities analysts have issued reports on the stock. Telsey Advisory Group restated an “outperform” rating and set a $500.00 target price on shares of Ulta Beauty in a research note on Monday, March 10th. JPMorgan Chase & Co. lowered their target price on shares of Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating on the stock in a research note on Friday, March 14th. UBS Group upped their target price on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research note on Friday, December 6th. TD Cowen upped their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Finally, Bank of America lowered their price objective on shares of Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th.

Institutional Investors Weigh In On Ulta Beauty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fairtree Asset Management Pty Ltd purchased a new stake in Ulta Beauty during the 4th quarter valued at approximately $668,000. Lansforsakringar Fondforvaltning AB publ purchased a new stake in Ulta Beauty during the 4th quarter valued at approximately $6,565,000. Berkeley Inc grew its holdings in Ulta Beauty by 75.8% during the 4th quarter. Berkeley Inc now owns 10,440 shares of the specialty retailer’s stock valued at $4,541,000 after buying an additional 4,501 shares in the last quarter. Siemens Fonds Invest GmbH grew its holdings in Ulta Beauty by 1,015.9% during the 4th quarter. Siemens Fonds Invest GmbH now owns 11,851 shares of the specialty retailer’s stock valued at $5,154,000 after buying an additional 10,789 shares in the last quarter. Finally, GHE LLC grew its holdings in Ulta Beauty by 17.9% during the 4th quarter. GHE LLC now owns 4,076 shares of the specialty retailer’s stock valued at $1,773,000 after buying an additional 620 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $350.57 on Friday. The stock has a market cap of $16.26 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 0.89 and a beta of 1.34. The firm’s 50-day moving average is $377.57 and its 200 day moving average is $386.55. Ulta Beauty has a 1 year low of $309.01 and a 1 year high of $529.67.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.13 by $1.33. The company had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. Ulta Beauty’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $8.08 EPS. On average, equities analysts expect that Ulta Beauty will post 23.96 EPS for the current fiscal year.

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.