UBS Group Raises Ulta Beauty (NASDAQ:ULTA) Price Target to $640.00

Ulta Beauty (NASDAQ:ULTA – Get Rating) had its price objective hoisted by equities researchers at UBS Group from $590.00 to $640.00 in a report released on Thursday, The Fly reports. UBS Group’s target price would indicate a potential upside of 24.54% from the company’s previous close.

Several other equities research analysts also recently weighed in on ULTA. Stifel Nicolaus increased their price target on Ulta Beauty from $475.00 to $525.00 in a research report on Friday, March 10th. Deutsche Bank Aktiengesellschaft dropped their target price on Ulta Beauty from $607.00 to $600.00 in a report on Wednesday, March 8th. Citigroup boosted their price target on Ulta Beauty from $500.00 to $530.00 and gave the company a “neutral” rating in a report on Friday, March 3rd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $575.00 price objective on shares of Ulta Beauty in a research note on Monday, March 6th. Finally, Oppenheimer lifted their target price on shares of Ulta Beauty from $535.00 to $600.00 and gave the company an “outperform” rating in a report on Thursday, February 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $564.75.

Ulta Beauty Stock Up 0.3 %

Shares of NASDAQ:ULTA opened at $513.88 on Thursday. Ulta Beauty has a 52-week low of $330.80 and a 52-week high of $556.60. The stock has a market cap of $25.74 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 1.67 and a beta of 1.31. The business has a 50-day moving average price of $527.00 and a 200-day moving average price of $493.12.

Ulta Beauty (NASDAQ:ULTA – Get Rating) last posted its quarterly earnings results on Thursday, March 9th. The specialty retailer reported $6.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.53 by $1.15. The company had revenue of $3.23 billion during the quarter, compared to analyst estimates of $2.99 billion. Ulta Beauty had a net margin of 12.17% and a return on equity of 67.19%. Ulta Beauty’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period last year, the firm posted $5.41 EPS. As a group, equities analysts anticipate that Ulta Beauty will post 25.24 EPS for the current fiscal year.

Insider Transactions at Ulta Beauty

In related news, insider Jodi J. Caro sold 4,500 shares of the stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $506.65, for a total value of $2,279,925.00. Following the completion of the sale, the insider now owns 5,231 shares of the company’s stock, valued at $2,650,286.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Mike C. Smith sold 400 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $521.63, for a total transaction of $208,652.00. Following the sale, the director now owns 1,531 shares of the company’s stock, valued at approximately $798,615.53. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jodi J. Caro sold 4,500 shares of the firm’s stock in a transaction on Monday, March 20th. The stock was sold at an average price of $506.65, for a total value of $2,279,925.00. Following the sale, the insider now directly owns 5,231 shares of the company’s stock, valued at approximately $2,650,286.15. The disclosure for this sale can be found here. Insiders have sold a total of 7,355 shares of company stock worth $3,821,507 in the last ninety days. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Ulta Beauty

Hedge funds have recently modified their holdings of the business. Prudential PLC acquired a new position in Ulta Beauty in the first quarter valued at about $425,000. Vanguard Group Inc. increased its stake in Ulta Beauty by 0.7% during the first 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 during the period. Baird Financial Group Inc. lifted its position in shares of Ulta Beauty by 2.8% during the first quarter. Baird Financial Group Inc. now owns 8,299 shares of the specialty retailer’s stock worth $3,305,000 after purchasing an additional 223 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Ulta Beauty by 38.6% in the first quarter. Loomis Sayles & Co. L P now owns 1,117 shares of the specialty retailer’s stock valued at $444,000 after purchasing an additional 311 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Ulta Beauty by 59.1% in the first 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 in the last quarter. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

About Ulta Beauty

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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.