Ulta Beauty Inc (NASDAQ:ULTA) Receives $286.57 Consensus PT from Analysts

Ulta Beauty Inc (NASDAQ:ULTA) has been given an average recommendation of “Hold” by the twenty-seven analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $288.09.

A number of equities research analysts have weighed in on ULTA shares. Nomura boosted their target price on shares of Ulta Beauty from $215.00 to $230.00 and gave the company a “reduce” rating in a research note on Friday, December 6th. BidaskClub upgraded shares of Ulta Beauty from a “strong sell” rating to a “sell” rating in a research note on Friday. JPMorgan Chase & Co. boosted their target price on shares of Ulta Beauty from $317.00 to $326.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. ValuEngine upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Barclays boosted their target price on shares of Ulta Beauty from $220.00 to $238.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th.

In other news, insider Jeffrey J. Childs sold 3,031 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $252.20, for a total value of $764,418.20. Following the completion of the sale, the insider now directly owns 10,333 shares in the company, valued at approximately $2,605,982.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.20% of the company’s stock.

Large investors have recently bought and sold shares of the company. Commonwealth Bank of Australia increased its stake in shares of Ulta Beauty by 79.2% in the 2nd quarter. Commonwealth Bank of Australia now owns 86 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 38 shares in the last quarter. Sterling Investment Advisors Ltd. purchased a new stake in Ulta Beauty in the 3rd quarter worth $25,000. Quantamental Technologies LLC purchased a new stake in Ulta Beauty in the 2nd quarter worth $40,000. Princeton Global Asset Management LLC purchased a new stake in Ulta Beauty in the 2nd quarter worth $42,000. Finally, San Francisco Sentry Investment Group CA increased its stake in Ulta Beauty by 3,900.0% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 120 shares of the specialty retailer’s stock worth $30,000 after buying an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 89.72% of the company’s stock.

ULTA traded up $6.92 during mid-day trading on Tuesday, reaching $282.62. 1,479,805 shares of the company traded hands, compared to its average volume of 1,294,551. The stock has a market capitalization of $15.76 billion, a P/E ratio of 26.05, a P/E/G ratio of 1.42 and a beta of 1.13. The company has a quick ratio of 0.38, a current ratio of 1.67 and a debt-to-equity ratio of 0.92. The company’s fifty day moving average price is $251.79 and its 200-day moving average price is $275.49. Ulta Beauty has a 52-week low of $222.00 and a 52-week high of $368.83.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, December 5th. The specialty retailer reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.12. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.69 billion. Ulta Beauty had a net margin of 9.67% and a return on equity of 36.91%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.18 EPS. As a group, sell-side analysts forecast that Ulta Beauty will post 11.79 earnings per share for the current fiscal year.

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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