Analysts Set Ulta Beauty, Inc. (NASDAQ:ULTA) PT at $439.30

Ulta Beauty, Inc. (NASDAQ:ULTA) has received a consensus recommendation of “Hold” from the twenty-four research firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $439.30.

A number of equities research analysts have recently issued reports on ULTA shares. UBS Group increased their target price on Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Barclays increased their target price on Ulta Beauty from $335.00 to $410.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Stifel Nicolaus increased their target price on Ulta Beauty from $395.00 to $455.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Telsey Advisory Group increased their target price on Ulta Beauty from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Canaccord Genuity Group increased their price target on Ulta Beauty from $442.00 to $476.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $424.11 on Wednesday. The firm has a market capitalization of $19.67 billion, a PE ratio of 16.97, a P/E/G ratio of 2.38 and a beta of 1.32. The business has a 50-day moving average of $378.38 and a two-hundred day moving average of $378.10. Ulta Beauty has a 12 month low of $318.17 and a 12 month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping the consensus estimate of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the firm posted $5.07 earnings per share. The firm’s revenue was up 1.7% on a year-over-year basis. As a group, research analysts anticipate that Ulta Beauty will post 23.57 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Synovus Financial Corp boosted its position in Ulta Beauty by 5.2% during the 3rd quarter. Synovus Financial Corp now owns 2,556 shares of the specialty retailer’s stock valued at $995,000 after purchasing an additional 126 shares during the period. World Investment Advisors LLC bought a new stake in Ulta Beauty during the 3rd quarter valued at $212,000. Pine Valley Investments Ltd Liability Co raised its stake in Ulta Beauty by 12.4% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 9,589 shares of the specialty retailer’s stock valued at $3,731,000 after acquiring an additional 1,057 shares in the last quarter. Rule One Partners LLC bought a new stake in Ulta Beauty during the 3rd quarter valued at $2,179,000. Finally, Diamant Asset Management Inc. raised its stake in Ulta Beauty by 2.1% during the 3rd quarter. Diamant Asset Management Inc. now owns 2,920 shares of the specialty retailer’s stock valued at $1,136,000 after acquiring an additional 60 shares in the last quarter. 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.