Ulta Beauty, Inc. (NASDAQ:ULTA) Receives $420.71 Consensus PT from Analysts

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

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Ulta Beauty from $450.00 to $472.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft cut their price objective on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Evercore ISI reduced their price objective on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating for the company in a research report on Monday, August 26th. Wells Fargo & Company dropped their target price on Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating on the stock in a research report on Friday, August 30th. Finally, Raymond James cut their price target on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research note on Monday, October 14th.

Institutional Investors Weigh In On Ulta Beauty

Institutional investors have recently added to or reduced their stakes in the stock. Choreo LLC grew its stake in Ulta Beauty by 71.7% during the second quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock valued at $1,103,000 after acquiring an additional 1,198 shares in the last quarter. Duality Advisers LP grew its position in shares of Ulta Beauty by 92.8% during the first quarter. Duality Advisers LP now owns 7,278 shares of the specialty retailer’s stock valued at $3,806,000 after purchasing an additional 3,504 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Ulta Beauty by 10.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,799 shares of the specialty retailer’s stock worth $46,954,000 after purchasing an additional 8,337 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Ulta Beauty in the second quarter worth about $19,136,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of Ulta Beauty by 5.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,778 shares of the specialty retailer’s stock worth $1,072,000 after buying an additional 139 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $380.08 on Tuesday. The company has a market capitalization of $17.91 billion, a price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 2.14 and a beta of 1.32. Ulta Beauty has a one year low of $318.17 and a one year high of $574.76. The company’s 50-day moving average is $376.32 and its 200 day moving average is $382.65.

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