Piper Sandler analyst Korinne Wolfmeyer maintained a Buy rating on Ulta Beauty (ULTA – Research Report) today and set a price target of $595.00. The company’s shares closed yesterday at $452.78.
According to TipRanks, Wolfmeyer is a 2-star analyst with an average return of -0.1% and a 42.48% success rate. Wolfmeyer covers the Consumer Cyclical sector, focusing on stocks such as e.l.f. Beauty, Inter Parfums, and Olaplex Holdings.
In addition to Piper Sandler, Ulta Beauty also received a Buy from D.A. Davidson’s Michael Baker in a report issued yesterday. However, on the same day, Goldman Sachs reiterated a Hold rating on Ulta Beauty (NASDAQ: ULTA).
Based on Ulta Beauty’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $5.09 billion and a net profit of $394.37 million. In comparison, last year the company earned a revenue of $3.23 billion and had a net profit of $340.75 million
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is neutral on the stock. Last month, Kecia Steelman, the President & COO of ULTA sold 20,950.00 shares for a total of $11,027,870.95.
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Ulta Beauty (ULTA) Company Description:
Ulta Beauty, Inc. is a beauty retailer of cosmetics, fragrance, skin care products, hair care products, and salon services. It provides unmatched product breadth, value and convenience in a distinctive specialty retail environment. The company was founded in January 9, 1990 and is headquartered in Bolingbrook, IL.
