Ulta Beauty, Inc. (NASDAQ:ULTA) Receives $439.30 Average PT from Analysts

Ulta Beauty, Inc. (NASDAQ:ULTA) has been given a consensus recommendation of “Hold” by the twenty-four analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $460.30.

Several research analysts recently issued reports on ULTA shares. Loop Capital increased their price objective on Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. DA Davidson lifted their price objective on Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a report on Friday, December 6th. B. Riley upgraded shares of Ulta Beauty from a “sell” rating to a “neutral” rating and increased their target price for the stock from $330.00 to $430.00 in a report on Tuesday. Canaccord Genuity Group boosted their price target on shares of Ulta Beauty from $500.00 to $538.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Stifel Nicolaus increased their price objective on shares of Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a research note on Tuesday.

Ulta Beauty Stock Down 3.1 %

Shares of Ulta Beauty stock opened at $415.14 on Friday. The stock’s fifty day moving average is $401.20 and its two-hundred day moving average is $383.86. Ulta Beauty has a 52 week low of $318.17 and a 52 week high of $574.76. The company has a market capitalization of $19.25 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 2.38 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping the consensus estimate of $4.45 by $0.69. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $5.07 EPS. As a group, research analysts anticipate that Ulta Beauty will post 23.57 earnings per share for the current year.

Hedge Funds Weigh In On Ulta Beauty

Hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC grew its stake in Ulta Beauty by 180,713.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock valued at $481,952,000 after purchasing an additional 1,237,884 shares during the last quarter. Geode Capital Management LLC boosted its position in Ulta Beauty by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock valued at $461,059,000 after buying an additional 10,153 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new position in Ulta Beauty in the 3rd quarter worth approximately $359,480,000. Champlain Investment Partners LLC raised its position in Ulta Beauty by 5.4% during the 3rd quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock worth $237,519,000 after buying an additional 31,540 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt lifted its stake in Ulta Beauty by 14.4% during the 3rd quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer’s stock valued at $200,944,000 after acquiring an additional 65,000 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

About Ulta Beauty

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.