Ulta Beauty, Inc. (NASDAQ:ULTA) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) has earned a consensus recommendation of “Moderate Buy” from the twenty-three analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $511.86.

ULTA has been the topic of a number of research analyst reports. Credit Suisse Group upped their price target on shares of Ulta Beauty to $535.00 in a report on Friday, December 2nd. Robert W. Baird upped their price target on shares of Ulta Beauty from $500.00 to $550.00 in a report on Friday, December 2nd. DA Davidson upped their price target on shares of Ulta Beauty from $490.00 to $545.00 in a report on Friday, December 2nd. UBS Group upped their price target on shares of Ulta Beauty from $540.00 to $590.00 and gave the stock a “buy” rating in a report on Friday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Ulta Beauty from $589.00 to $607.00 in a report on Friday, December 2nd.

Ulta Beauty Trading Up 0.8 %

Shares of ULTA opened at $488.62 on Wednesday. Ulta Beauty has a twelve month low of $330.80 and a twelve month high of $490.98. The company has a market cap of $24.86 billion, a P/E ratio of 21.48, a P/E/G ratio of 1.55 and a beta of 1.29. The company’s fifty day simple moving average is $453.68 and its 200-day simple moving average is $419.64.

Ulta Beauty (NASDAQ:ULTA – Get Rating) last announced its earnings results on Thursday, December 1st. The specialty retailer reported $5.34 earnings per share for the quarter, beating the consensus estimate of $4.09 by $1.25. Ulta Beauty had a net margin of 12.26% and a return on equity of 68.33%. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the prior year, the firm posted $3.94 earnings per share. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. Analysts predict that Ulta Beauty will post 22.87 earnings per share for the current fiscal year.

Institutional Trading of Ulta Beauty

Hedge funds have recently modified their holdings of the company. CI Investments Inc. lifted its position in shares of Ulta Beauty by 1,016.7% during the third quarter. CI Investments Inc. now owns 67 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 61 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Ulta Beauty by 59.1% in the 1st quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 26 shares during the last quarter. Private Capital Group LLC raised its position in shares of Ulta Beauty by 265.0% in the 2nd quarter. Private Capital Group LLC now owns 73 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 53 shares during the last quarter. Global Trust Asset Management LLC purchased a new position in shares of Ulta Beauty in the 3rd quarter valued at approximately $30,000. Finally, AllSquare Wealth Management LLC raised its position in shares of Ulta Beauty by 188.5% in the 3rd quarter. AllSquare Wealth Management LLC now owns 75 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 49 shares during the last quarter. 90.47% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Company Profile

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Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services.