Ulta Beauty (NASDAQ:ULTA) Earns Outperform Rating from Telsey Advisory Group

Ulta Beauty (NASDAQ:ULTA)‘s stock had its “outperform” rating reaffirmed by stock analysts at Telsey Advisory Group in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $450.00 price objective on the specialty retailer’s stock. Telsey Advisory Group’s target price would suggest a potential upside of 24.84% from the company’s current price.

A number of other equities research analysts have also weighed in on ULTA. Wells Fargo & Company cut their price objective 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. JPMorgan Chase & Co. lifted their price target on shares of Ulta Beauty from $450.00 to $472.00 and gave the company an “overweight” rating in a report on Monday, October 21st. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Saturday, September 28th. William Blair cut Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Finally, UBS Group decreased their target price on Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $420.71.

Ulta Beauty Stock Down 0.6 %

NASDAQ:ULTA opened at $360.47 on Wednesday. The firm has a market capitalization of $16.99 billion, a P/E ratio of 14.47, a P/E/G ratio of 2.08 and a beta of 1.33. The company has a fifty day moving average of $375.54 and a 200 day moving average of $376.69. Ulta Beauty has a 52 week low of $318.17 and a 52 week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing the consensus estimate of $5.47 by ($0.17). The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business’s revenue was up .9% on a year-over-year basis. During the same period last year, the company posted $6.02 earnings per share. As a group, analysts anticipate that Ulta Beauty will post 23.07 EPS for the current year.

Institutional Trading of Ulta Beauty

Several institutional investors and hedge funds have recently modified their holdings of ULTA. UMB Bank n.a. boosted its holdings in Ulta Beauty by 83.3% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after buying an additional 30 shares during the period. LRI Investments LLC bought a new position in shares of Ulta Beauty in the first quarter worth about $31,000. Innealta Capital LLC purchased a new stake in shares of Ulta Beauty during the second quarter worth about $32,000. Paladin Wealth LLC bought a new stake in Ulta Beauty during the 3rd quarter valued at approximately $32,000. Finally, Westside Investment Management Inc. boosted its stake in Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 50 shares during the period. 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.