Ulta Beauty Inc. (ULTA) PT Set at $295.00 by Robert W. Baird
Ulta Beauty Inc. (NASDAQ:ULTA) has been given a $295.00 price target by Robert W. Baird in a research report issued to clients and investors on Sunday. The brokerage presently has a “buy” rating on the specialty retailer’s stock. Robert W. Baird’s target price indicates a potential upside of 31.81% from the stock’s current price.
Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $301.00 target price for the company in a research note on Thursday, July 13th. Stifel Nicolaus reissued a “hold” rating and issued a $325.00 price target (up from $305.00) on shares of Ulta Beauty in a research report on Tuesday, June 6th. Morgan Stanley dropped their price target on Ulta Beauty from $313.00 to $245.00 and set an “equal weight” rating on the stock in a research report on Monday, August 28th. Guggenheim began coverage on Ulta Beauty in a research note on Tuesday, June 13th. They issued a “neutral” rating on the stock. Finally, Deutsche Bank AG restated a “hold” rating and issued a $300.00 price target on shares of Ulta Beauty in a research note on Monday, June 26th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $281.63.
Ulta Beauty (ULTA) opened at 223.80 on Friday. Ulta Beauty has a 12 month low of $204.01 and a 12 month high of $314.86. The company has a 50-day moving average of $226.61 and a 200 day moving average of $267.35. The company has a market cap of $13.75 billion, a PE ratio of 29.80 and a beta of 0.57.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.05. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. Ulta Beauty’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period last year, the business earned $1.43 EPS. On average, equities analysts forecast that Ulta Beauty will post $8.39 earnings per share for the current fiscal year.
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In other news, Director Michael R. Macdonald acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was bought at an average price of $208.37 per share, with a total value of $416,740.00. Following the completion of the acquisition, the director now directly owns 6,224 shares of the company’s stock, valued at approximately $1,296,894.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.20% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in Ulta Beauty by 2,734.8% in the first quarter. BlackRock Inc. now owns 4,007,950 shares of the specialty retailer’s stock valued at $1,143,188,000 after acquiring an additional 3,866,567 shares during the period. Wells Fargo & Company MN boosted its position in Ulta Beauty by 137.3% in the second quarter. Wells Fargo & Company MN now owns 1,053,780 shares of the specialty retailer’s stock worth $302,792,000 after purchasing an additional 609,671 shares during the last quarter. Harbour Capital Advisors LLC grew its stake in shares of Ulta Beauty by 28,419.1% during the 2nd quarter. Harbour Capital Advisors LLC now owns 571,807 shares of the specialty retailer’s stock valued at $1,990,000 after purchasing an additional 569,802 shares during the period. Wellington Management Group LLP grew its stake in shares of Ulta Beauty by 1,786.4% during the 1st quarter. Wellington Management Group LLP now owns 449,648 shares of the specialty retailer’s stock valued at $128,253,000 after purchasing an additional 425,812 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Ulta Beauty by 605.4% during the 2nd quarter. Renaissance Technologies LLC now owns 389,400 shares of the specialty retailer’s stock valued at $111,890,000 after purchasing an additional 334,198 shares during the period. Institutional investors own 87.91% of the company’s stock.
About Ulta Beauty
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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