Oppenheimer Issues Positive Forecast for Ulta Beauty (NASDAQ:ULTA) Stock Price

Ulta Beauty (NASDAQ:ULTA) had its price objective hoisted by Oppenheimer from $505.00 to $515.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the specialty retailer’s stock.

A number of other brokerages have also weighed in on ULTA. Stifel Nicolaus upped their target price on Ulta Beauty from $395.00 to $455.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Canaccord Genuity Group upped their price objective on shares of Ulta Beauty from $442.00 to $476.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Telsey Advisory Group reiterated an “outperform” rating and set a $500.00 target price on shares of Ulta Beauty in a research report on Tuesday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Finally, William Blair downgraded shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Ulta Beauty has an average rating of “Hold” and an average price target of $454.43.

Ulta Beauty Trading Down 0.7 %

ULTA stock opened at $428.27 on Tuesday. The firm has a 50 day moving average of $399.50 and a 200-day moving average of $383.42. The firm has a market capitalization of $19.86 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 2.38 and a beta of 1.28. Ulta Beauty has a 12 month low of $318.17 and a 12 month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate of $4.45 by $0.69. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the firm earned $5.07 EPS. Sell-side analysts predict that Ulta Beauty will post 23.57 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Paladin Wealth LLC bought a new position in shares of Ulta Beauty during the third quarter valued at approximately $32,000. Sunbelt Securities Inc. grew its stake in shares of Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after buying an additional 45 shares during the last quarter. Westside Investment Management Inc. increased its position in Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 50 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Ulta Beauty during the third quarter valued at $41,000. Finally, American National Bank & Trust bought a new stake in Ulta Beauty in the third quarter worth $44,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

About Ulta Beauty

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.