Ulta Beauty (NASDAQ:ULTA) had its price target increased by equities research analysts at JPMorgan Chase & Co. from $270.00 to $300.00 in a research note issued to investors on Friday, January 26th, Marketbeat Ratings reports. The brokerage currently has an “overweight” rating on the specialty retailer’s stock. JPMorgan Chase & Co.’s price target points to a potential upside of 43.21% from the stock’s previous close.
ULTA has been the topic of a number of other research reports. Vetr raised Ulta Beauty from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 27th. Piper Jaffray Companies set a $206.00 price target on Ulta Beauty and gave the company a “hold” rating in a research report on Thursday, November 30th. Jefferies Group reaffirmed a “positive” rating and issued a $221.64 price target (down previously from $300.00) on shares of Ulta Beauty in a research report on Tuesday, December 5th. Royal Bank of Canada set a $225.00 price target on Ulta Beauty and gave the company a “hold” rating in a research report on Friday, December 1st. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Ulta Beauty in a research report on Thursday, December 7th. Eleven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Ulta Beauty has an average rating of “Buy” and a consensus price target of $262.91.
Shares of Ulta Beauty (NASDAQ ULTA) opened at $209.48 on Friday. The stock has a market capitalization of $12,780.00, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 1.06 and a beta of 0.54. Ulta Beauty has a twelve month low of $187.96 and a twelve month high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.03. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. Ulta Beauty had a return on equity of 29.64% and a net margin of 8.82%. analysts forecast that Ulta Beauty will post 8.35 EPS for the current year.
A number of hedge funds have recently bought and sold shares of ULTA. Comerica Bank boosted its position in shares of Ulta Beauty by 37.0% in the third quarter. Comerica Bank now owns 39,592 shares of the specialty retailer’s stock worth $7,986,000 after buying an additional 10,690 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Ulta Beauty in the second quarter worth about $552,000. Parametric Portfolio Associates LLC lifted its stake in shares of Ulta Beauty by 31.3% in 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 in the last quarter. First Manhattan Co. acquired a new stake in Ulta Beauty during the fourth quarter valued at approximately $62,331,000. Finally, Alps Advisors Inc. raised its stake in Ulta Beauty by 34.8% during the third quarter. Alps Advisors Inc. now owns 2,613 shares of the specialty retailer’s stock valued at $591,000 after buying an additional 674 shares in the last quarter. 90.49% of the stock is 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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