Ulta Beauty Inc (NASDAQ:ULTA) Receives $350.06 Consensus Price Target from Brokerages

Ulta Beauty Inc (NASDAQ:ULTA) has received a consensus rating of “Buy” from the twenty-two research firms that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $351.17.

Several brokerages recently issued reports on ULTA. BidaskClub lowered Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Zacks Investment Research lowered GreenTree Hospitality Group from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. Oppenheimer set a $23.00 price objective on Par Pacific and gave the company a “buy” rating in a research report on Friday, May 31st. Piper Jaffray Companies set a $360.00 price objective on Ulta Beauty and gave the company a “buy” rating in a research report on Friday, May 31st. Finally, Deutsche Bank boosted their price objective on Ulta Beauty from $300.00 to $315.00 and gave the company a “hold” rating in a research report on Monday, June 3rd.

Shares of ULTA stock traded down $9.21 on Tuesday, reaching $357.00. The company had a trading volume of 574,619 shares, compared to its average volume of 686,856. The company has a current ratio of 1.93, a quick ratio of 0.74 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $20.87 billion, a PE ratio of 32.90, a PEG ratio of 1.52 and a beta of 0.96. The stock’s 50-day simple moving average is $347.32. Ulta Beauty has a 12 month low of $224.43 and a 12 month high of $368.83.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $3.06 by $0.02. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Ulta Beauty had a return on equity of 36.48% and a net margin of 9.92%. Ulta Beauty’s revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.70 EPS. Analysts anticipate that Ulta Beauty will post 12.77 EPS for the current year.

In other Ulta Beauty news, Director Sally E. Blount sold 315 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $359.28, for a total transaction of $113,173.20. Following the completion of the transaction, the director now owns 989 shares of the company’s stock, valued at approximately $355,327.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lorna Nagler sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $354.03, for a total value of $708,060.00. Following the transaction, the director now directly owns 8,368 shares of the company’s stock, valued at approximately $2,962,523.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,715 shares of company stock valued at $958,441. Insiders own 4.20% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in shares of Ulta Beauty by 1.2% in the 1st quarter. BlackRock Inc. now owns 3,958,105 shares of the specialty retailer’s stock valued at $1,380,310,000 after buying an additional 47,025 shares during the last quarter. FMR LLC boosted its holdings in shares of Ulta Beauty by 15.3% in the 1st quarter. FMR LLC now owns 2,262,297 shares of the specialty retailer’s stock valued at $788,932,000 after buying an additional 300,904 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Ulta Beauty by 9.8% in the 1st quarter. Wells Fargo & Company MN now owns 848,068 shares of the specialty retailer’s stock valued at $295,747,000 after buying an additional 75,459 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Ulta Beauty by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 838,542 shares of the specialty retailer’s stock valued at $204,993,000 after buying an additional 62,309 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in shares of Ulta Beauty by 189.8% in the 4th quarter. Two Sigma Advisers LP now owns 784,145 shares of the specialty retailer’s stock valued at $191,990,000 after buying an additional 513,582 shares during the last quarter. 88.61% of the stock is owned by hedge funds and other institutional investors.

About Ulta Beauty

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.

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Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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