Ulta Beauty (NASDAQ:ULTA)‘s stock had its “hold” rating restated by investment analysts at Oppenheimer in a report issued on Thursday. They presently have a $240.00 price objective on the specialty retailer’s stock. Oppenheimer’s target price suggests a potential upside of 0.55% from the company’s current price.
Several other research firms have also recently weighed in on ULTA. Cowen set a $336.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research note on Friday, October 20th. Loop Capital set a $300.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research note on Sunday, December 3rd. Buckingham Research upgraded Ulta Beauty from a “neutral” rating to a “buy” rating and set a $225.00 price objective for the company in a research note on Tuesday, December 19th. They noted that the move was a valuation call. Cleveland Research cut Ulta Beauty from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $189.50 to $314.00 in a research note on Thursday, October 12th. Finally, Wells Fargo & Co set a $297.00 price objective on Ulta Beauty and gave the company a “buy” rating in a research note on Thursday, January 11th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $262.96.
Ulta Beauty (NASDAQ ULTA) traded up $1.57 during mid-day trading on Thursday, reaching $238.69. The company had a trading volume of 1,363,100 shares, compared to its average volume of 1,163,791. The stock has a market capitalization of $14,820.00, a PE ratio of 30.52, a price-to-earnings-growth ratio of 1.46 and a beta of 0.55. Ulta Beauty has a 12-month low of $187.96 and a 12-month high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, November 30th. The specialty retailer reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.03. Ulta Beauty had a return on equity of 29.64% and a net margin of 8.82%. equities analysts anticipate that Ulta Beauty will post 8.35 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. Comerica Bank grew its holdings in Ulta Beauty by 37.0% during the third quarter. Comerica Bank now owns 39,592 shares of the specialty retailer’s stock worth $7,986,000 after acquiring an additional 10,690 shares during the period. GSA Capital Partners LLP acquired a new position in Ulta Beauty during the second quarter worth $552,000. Parametric Portfolio Associates LLC grew its holdings in Ulta Beauty by 31.3% during the third quarter. Parametric Portfolio Associates LLC now owns 198,278 shares of the specialty retailer’s stock worth $44,823,000 after acquiring an additional 47,253 shares during the period. Alps Advisors Inc. grew its holdings in Ulta Beauty by 34.8% in the third quarter. Alps Advisors Inc. now owns 2,613 shares of the specialty retailer’s stock valued at $591,000 after purchasing an additional 674 shares during the last quarter. Finally, LS Investment Advisors LLC grew its holdings in Ulta Beauty by 17.6% in the third quarter. LS Investment Advisors LLC now owns 2,706 shares of the specialty retailer’s stock valued at $612,000 after purchasing an additional 405 shares during the last quarter. 88.72% of the stock is currently owned by hedge funds and other institutional investors.
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About Ulta Beauty
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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