Oppenheimer restated their hold rating on shares of Ulta Beauty (NASDAQ:ULTA) in a report issued on Thursday morning. They currently have a $240.00 price objective on the specialty retailer’s stock.

Several other analysts have also recently commented on ULTA. Wolfe Research reiterated an outperform rating on shares of Ulta Beauty in a research note on Friday, September 22nd. Royal Bank of Canada reiterated a hold rating on shares of Ulta Beauty in a research note on Wednesday, September 27th. Piper Jaffray Companies reiterated a buy rating and issued a $260.00 price target on shares of Ulta Beauty in a research note on Sunday, October 1st. Robert W. Baird set a $295.00 target price on shares of Ulta Beauty and gave the stock a buy rating in a report on Sunday, October 1st. Finally, KeyCorp restated a buy rating and issued a $270.00 target price (down from $300.00) on shares of Ulta Beauty in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $262.96.

Shares of Ulta Beauty (ULTA) traded up $0.98 during mid-day trading on Thursday, reaching $244.13. 1,222,443 shares of the company’s stock traded hands, compared to its average volume of 1,160,000. The stock has a market cap of $14,890.00, a PE ratio of 31.22, a P/E/G ratio of 1.51 and a beta of 0.55. Ulta Beauty has a 1-year low of $187.96 and a 1-year high of $314.86.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $1.70 EPS for the quarter, topping the consensus estimate of $1.67 by $0.03. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Ulta Beauty had a net margin of 8.82% and a return on equity of 29.64%. equities research analysts predict that Ulta Beauty will post 8.35 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. QS Investors LLC grew its holdings in Ulta Beauty by 0.8% during the 2nd quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock valued at $210,000 after purchasing an additional 6 shares during the last quarter. Ashford Capital Management Inc. grew its holdings in Ulta Beauty by 2.2% during the 2nd quarter. Ashford Capital Management Inc. now owns 2,428 shares of the specialty retailer’s stock valued at $698,000 after purchasing an additional 53 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in Ulta Beauty by 0.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 7,977 shares of the specialty retailer’s stock valued at $2,292,000 after purchasing an additional 56 shares during the last quarter. Zacks Investment Management grew its holdings in Ulta Beauty by 1.8% during the 2nd quarter. Zacks Investment Management now owns 5,327 shares of the specialty retailer’s stock valued at $1,531,000 after purchasing an additional 94 shares during the last quarter. Finally, Veritable L.P. grew its holdings in Ulta Beauty by 9.1% during the 2nd quarter. Veritable L.P. now owns 1,141 shares of the specialty retailer’s stock valued at $328,000 after purchasing an additional 95 shares during the last quarter. Institutional investors own 88.72% 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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