Ulta Beauty (NASDAQ:ULTA) had its price target raised by Morgan Stanley from $260.00 to $280.00 in a research note issued to investors on Tuesday. The brokerage currently has an overweight rating on the specialty retailer’s stock.

ULTA has been the topic of several other research reports. Stifel Nicolaus reduced their price target on shares of Ulta Beauty from $250.00 to $245.00 and set a hold rating on the stock in a research report on Friday, August 24th. ValuEngine lowered shares of Ulta Beauty from a sell rating to a strong sell rating in a research report on Monday, July 2nd. BidaskClub upgraded shares of Ulta Beauty from a sell rating to a hold rating in a research report on Thursday, July 12th. UBS Group reduced their price target on shares of Ulta Beauty from $290.00 to $285.00 and set a buy rating on the stock in a research report on Friday, August 31st. Finally, Deutsche Bank set a $244.00 price target on shares of Ulta Beauty and gave the stock a hold rating in a research report on Monday, May 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $265.52.

Ulta Beauty stock opened at $274.37 on Tuesday. The stock has a market capitalization of $15.54 billion, a price-to-earnings ratio of 33.62, a P/E/G ratio of 1.29 and a beta of 0.72. Ulta Beauty has a twelve month low of $187.96 and a twelve month high of $274.98.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 30th. The specialty retailer reported $2.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.41 by $0.05. Ulta Beauty had a net margin of 9.91% and a return on equity of 33.29%. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.49 billion. equities research analysts anticipate that Ulta Beauty will post 10.83 earnings per share for the current year.

In related news, Director Vanessa Ames Wittman sold 600 shares of Ulta Beauty stock in a transaction on Friday, June 8th. The shares were sold at an average price of $249.94, for a total transaction of $149,964.00. Following the completion of the transaction, the director now owns 2,785 shares of the company’s stock, valued at $696,082.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dennis K. Eck sold 3,500 shares of Ulta Beauty stock in a transaction on Friday, June 22nd. The stock was sold at an average price of $251.53, for a total transaction of $880,355.00. Following the transaction, the director now directly owns 380,294 shares of the company’s stock, valued at approximately $95,655,349.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,000 shares of company stock worth $18,326,172. 5.60% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN increased its stake in Ulta Beauty by 4.1% in the second quarter. Wells Fargo & Company MN now owns 743,233 shares of the specialty retailer’s stock valued at $173,515,000 after purchasing an additional 29,590 shares in the last quarter. Capital One National Association bought a new stake in Ulta Beauty in the second quarter valued at $205,000. Atria Investments LLC bought a new stake in Ulta Beauty in the second quarter valued at $1,567,000. Emerald Advisers Inc. PA bought a new stake in Ulta Beauty in the second quarter valued at $1,141,000. Finally, Exane Derivatives acquired a new position in shares of Ulta Beauty during the second quarter valued at about $1,121,000. 90.07% of the stock is owned by hedge funds and other institutional investors.

About Ulta Beauty

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, 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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