Ulta Beauty (NASDAQ:ULTA) has been given a $220.00 price objective by BMO Capital Markets in a research report issued to clients and investors on Thursday, March 15th. The brokerage currently has a “hold” rating on the specialty retailer’s stock. BMO Capital Markets’ target price would suggest a potential upside of 5.64% from the company’s current price.
A number of other research analysts have also recently issued reports on ULTA. KeyCorp set a $270.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Friday, March 16th. Loop Capital set a $250.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Friday, March 16th. Zacks Investment Research lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. Jefferies Group set a $260.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Friday, March 16th. Finally, Buckingham Research set a $270.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Monday, March 12th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Ulta Beauty presently has an average rating of “Buy” and a consensus price target of $251.01.
Shares of NASDAQ:ULTA traded up $1.34 on Thursday, hitting $208.26. The company had a trading volume of 1,289,013 shares, compared to its average volume of 1,363,031. Ulta Beauty has a 1 year low of $187.96 and a 1 year high of $314.86. The stock has a market cap of $12,622.85, a price-to-earnings ratio of 25.52, a P/E/G ratio of 1.08 and a beta of 0.68.
Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, March 15th. The specialty retailer reported $2.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.77 by ($0.02). Ulta Beauty had a return on equity of 30.40% and a net margin of 9.44%. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the business posted $2.24 earnings per share. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. equities research analysts expect that Ulta Beauty will post 10.74 earnings per share for the current fiscal year.
Ulta Beauty announced that its Board of Directors has initiated a stock repurchase plan on Thursday, March 15th that allows the company to buyback $625.00 million in shares. This buyback authorization allows the specialty retailer to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB grew its position in Ulta Beauty by 5.8% during the fourth quarter. Xact Kapitalforvaltning AB now owns 12,022 shares of the specialty retailer’s stock valued at $2,689,000 after buying an additional 654 shares during the period. GUARDCAP ASSET MANAGEMENT Ltd bought a new stake in Ulta Beauty during the fourth quarter valued at approximately $10,135,000. William Blair Investment Management LLC bought a new stake in Ulta Beauty during the fourth quarter valued at approximately $40,357,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in Ulta Beauty by 64.7% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,800 shares of the specialty retailer’s stock valued at $626,000 after buying an additional 1,100 shares during the period. Finally, Altman Advisors Inc. bought a new stake in Ulta Beauty during the fourth quarter valued at approximately $1,750,000. Institutional investors own 91.98% of the company’s stock.
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Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores provide cosmetics, fragrance, skincare, haircare, bath and body products, and salon styling tools, as well as others, including nail products and accessories. It offers private label products consisting of Ulta Beauty Collection branded cosmetics, skincare, and bath products.
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