Shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Get Free Report) 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.
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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 – Get Free Report) 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.
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