Ulta Beauty (NASDAQ:ULTA – Get Rating) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Friday.
A number of other equities analysts also recently commented on ULTA. Credit Suisse Group raised their price objective on Ulta Beauty to $535.00 in a report on Friday, December 2nd. Oppenheimer boosted their price objective on shares of Ulta Beauty from $505.00 to $535.00 and gave the stock an "outperform" rating in a research note on Friday, December 2nd. DA Davidson increased their price objective on shares of Ulta Beauty from $490.00 to $545.00 in a research report on Friday, December 2nd. JPMorgan Chase & Co. lifted their target price on shares of Ulta Beauty to $535.00 in a report on Monday, November 28th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Ulta Beauty from $589.00 to $607.00 in a research report on Friday, December 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Ulta Beauty currently has a consensus rating of "Moderate Buy" and a consensus price target of $514.95.
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Ulta Beauty Price Performance
NASDAQ ULTA opened at $520.76 on Friday. The company has a market cap of $26.50 billion, a P/E ratio of 22.89, a P/E/G ratio of 1.57 and a beta of 1.32. Ulta Beauty has a 12 month low of $330.80 and a 12 month high of $528.64. The company has a 50-day moving average of $479.48 and a 200-day moving average of $433.76.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last posted its quarterly earnings results on Thursday, December 1st. The specialty retailer reported $5.34 earnings per share for the quarter, topping analysts' consensus estimates of $4.09 by $1.25. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.21 billion. Ulta Beauty had a net
margin of 12.26% and a return on equity of 68.33%. Ulta Beauty's revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the firm posted $3.94 earnings per share. As a group, equities research analysts anticipate that Ulta Beauty will post 22.87 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the company. Spire Wealth Management boosted its holdings in Ulta Beauty by 108.3% in the second quarter. Spire Wealth Management now owns 1,639 shares of the specialty retailer's stock worth $632,000 after purchasing an additional 852 shares during the period. Tobam bought a new stake in shares of Ulta Beauty during the 3rd quarter valued at about $59,000. Quadrant Capital Group LLC grew its position in shares of Ulta Beauty by 99.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 215 shares of the specialty retailer's stock valued at $83,000 after buying an additional 107 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in Ulta Beauty by 10.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 363 shares of the specialty retailer's stock worth $146,000 after acquiring an additional 35 shares during the period. Finally, Canandaigua National Corp bought a new position in Ulta Beauty in the third quarter worth about $258,000. Institutional investors own 90.47% of the company's stock.
Ulta Beauty Company Profile
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Ulta Beauty, Inc engages in the retail of beauty products. The company has one reportable segment, which includes retail stores, salon services, and e-commerce. Its products include makeup, skin care, tools and brushes, fragrance, and bath and body. Ulta was founded on January 9, 1990, and is headquartered in Bolingbrook, IL.
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