Ulta Beauty (NASDAQ:ULTA) had its price objective upped by equities researchers at Oppenheimer from $275.00 to $310.00 in a report released on Tuesday, The Fly reports. The firm presently has an “outperform” rating on the specialty retailer’s stock. Oppenheimer’s price target points to a potential upside of 11.34% from the company’s previous close. Oppenheimer also issued estimates for Ulta Beauty’s Q1 2021 earnings at $3.38 EPS, Q2 2021 earnings at $3.01 EPS, Q3 2021 earnings at $2.56 EPS, Q4 2021 earnings at $4.16 EPS and FY2022 earnings at $14.50 EPS.
Other equities research analysts also recently issued reports about the stock. Piper Jaffray Companies cut their price target on shares of Ulta Beauty from $250.00 to $228.00 and set a “neutral” rating for the company in a report on Monday, December 2nd. JPMorgan Chase & Co. upped their price objective 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. Wells Fargo & Co upped their price objective on shares of Ulta Beauty from $235.00 to $250.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Barclays upped their price objective 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. Finally, Nomura upped their price objective 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. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $288.09.
NASDAQ ULTA traded up $2.22 on Tuesday, reaching $278.42. The company’s stock had a trading volume of 208,557 shares, compared to its average volume of 1,028,318. Ulta Beauty has a twelve month low of $222.00 and a twelve month high of $368.83. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.38 and a current ratio of 1.67. The stock has a market cap of $16.15 billion, a PE ratio of 25.66, a PEG ratio of 1.50 and a beta of 1.13. The firm’s 50 day moving average is $252.60 and its two-hundred day moving average is $275.16.
In other Ulta Beauty news, insider Jeffrey J. Childs sold 3,031 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $252.20, for a total transaction of $764,418.20. Following the transaction, the insider now owns 10,333 shares in the company, valued at $2,605,982.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 4.20% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Sterling Investment Advisors Ltd. acquired a new stake in Ulta Beauty in the third quarter worth about $25,000. Commonwealth Bank of Australia increased its stake in 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 buying an additional 38 shares in the last quarter. 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. Proffitt & Goodson Inc. purchased a new stake in Ulta Beauty in the 3rd quarter worth $41,000. Finally, Kistler Tiffany Companies LLC purchased a new stake in Ulta Beauty in the 4th quarter worth $41,000. Institutional investors own 89.72% of the company’s stock.
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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