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.
Get Ulta Beauty alerts: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
(Get Rating)
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.
Read More
- Get a free copy of the StockNews.com research report on Ulta Beauty (ULTA)
- MarketBeat Week in Review – 1/30 – 2/3
- Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
- Zimmer Biomet Beats on Earnings, Growth May be Priced In
- AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
- Ford Stock Going Forward After Big Earnings Flop
Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.