Shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) have earned a consensus rating of "Moderate Buy" from the twenty-three brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $514.95.
A number of equities analysts recently commented on the company. DA Davidson lifted their price objective on Ulta Beauty from $490.00 to $545.00 in a research report on Friday, December 2nd. The Goldman Sachs Group downgraded Ulta Beauty from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $511.00 to $508.00 in a research report on Monday, December 12th. Morgan Stanley lifted their price objective on Ulta Beauty from $445.00 to $510.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 17th. Telsey Advisory Group lifted their price objective on Ulta Beauty from $510.00 to $575.00 and gave the stock an "outperform" rating in a research report on Friday, December 2nd. Finally, Oppenheimer lifted their target price on Ulta Beauty from $505.00 to $535.00 and gave the company an "outperform" rating in a research report on Friday, December 2nd.
Get Ulta Beauty alerts:Institutional Investors Weigh In On Ulta Beauty
Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Ulta Beauty by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 5,886,434 shares of the specialty retailer's stock worth $2,344,096,000 after purchasing an additional 40,190 shares in the last quarter. BlackRock Inc. grew its stake in Ulta Beauty by 1.6% during the 3rd quarter. BlackRock Inc. now owns 4,231,441 shares of the specialty retailer's stock worth $1,697,611,000 after purchasing an additional 65,087 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Ulta Beauty by 111.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 940,481 shares of the specialty retailer's stock worth $362,536,000 after purchasing an additional 495,734 shares in the last quarter. FMR LLC grew its stake in Ulta Beauty by 94.9% during the 2nd quarter. FMR LLC now owns 752,048 shares of the specialty retailer's stock worth $289,899,000 after purchasing an additional 366,138 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Ulta Beauty by 7,441.9% during the 2nd quarter. Renaissance Technologies LLC now owns 701,400 shares of the specialty retailer's stock worth $270,376,000 after purchasing an additional 692,100 shares in the last quarter. Hedge funds and other institutional investors own 90.47% of the company's stock.
Ulta Beauty Trading Down 0.0 %
Shares of ULTA opened at $520.76 on Friday. The stock's 50 day moving average is $479.48 and its two-hundred day moving average is $433.76. The firm has a market cap of $26.50 billion, a P/E ratio of 22.89, a PEG 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.Ulta Beauty (NASDAQ:ULTA – Get Rating) last issued its quarterly earnings results on Thursday, December 1st. The specialty retailer reported $5.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.09 by $1.25. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.21 billion. Ulta Beauty had a return on equity of 68.33% and a net margin of 12.26%. The business's revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.94 earnings per share. Equities research analysts forecast that Ulta Beauty will post 22.87 EPS for the current year.
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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