Shares of Ulta Beauty Inc. (NASDAQ:ULTA) have been given a consensus recommendation of “Hold” by the twenty-four brokerages that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $320.06.

Several analysts have recently issued reports on the stock. Goldman Sachs Group, Inc. (The) upgraded shares of Ulta Beauty from a “neutral” rating to a “buy” rating and set a $310.00 target price for the company in a research note on Friday, July 14th. Wells Fargo & Company reiterated a “market perform” rating and issued a $290.00 target price on shares of Ulta Beauty in a research note on Wednesday, July 5th. Edward Jones lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $314.00 target price on shares of Ulta Beauty in a research note on Monday, May 1st. Finally, Zacks Investment Research lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Friday, May 19th.

Ulta Beauty (ULTA) opened at 248.47 on Tuesday. The firm has a market cap of $15.41 billion, a PE ratio of 34.89 and a beta of 0.57. Ulta Beauty has a one year low of $225.13 and a one year high of $314.86. The company’s 50-day moving average is $261.05 and its 200 day moving average is $279.50.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, May 25th. The specialty retailer reported $1.91 EPS for the quarter, beating the Zacks’ consensus estimate of $1.79 by $0.12. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. Ulta Beauty had a net margin of 8.75% and a return on equity of 28.91%. Ulta Beauty’s quarterly revenue was up 22.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.45 EPS. Equities analysts anticipate that Ulta Beauty will post $8.32 earnings per share for the current year.

In other Ulta Beauty news, Director Robert F. Diromualdo sold 20,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $309.05, for a total transaction of $6,181,000.00. Following the completion of the sale, the director now directly owns 4,717 shares in the company, valued at approximately $1,457,788.85. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Catherine Ann Halligan sold 500 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $312.36, for a total value of $156,180.00. Following the sale, the director now owns 4,126 shares of the company’s stock, valued at $1,288,797.36. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the stock. Iberiabank Corp boosted its position in Ulta Beauty by 9.2% in the second quarter. Iberiabank Corp now owns 4,549 shares of the specialty retailer’s stock worth $1,307,000 after buying an additional 383 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Ulta Beauty by 8.4% in the first quarter. Janney Montgomery Scott LLC now owns 13,706 shares of the specialty retailer’s stock worth $3,909,000 after buying an additional 1,065 shares during the last quarter. Principal Financial Group Inc. boosted its position in Ulta Beauty by 0.4% in the first quarter. Principal Financial Group Inc. now owns 94,590 shares of the specialty retailer’s stock worth $26,981,000 after buying an additional 405 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in Ulta Beauty by 107.0% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 9,120 shares of the specialty retailer’s stock worth $2,601,000 after buying an additional 4,715 shares during the last quarter. Finally, Covenant Asset Management LLC boosted its position in Ulta Beauty by 1.9% in the second quarter. Covenant Asset Management LLC now owns 3,676 shares of the specialty retailer’s stock worth $1,056,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 85.68% of the company’s stock.

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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.

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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