KeyCorp set a $270.00 price target on Ulta Beauty (NASDAQ:ULTA) in a research note issued to investors on Friday, March 16th. The brokerage currently has a buy rating on the specialty retailer’s stock. KeyCorp also issued estimates for Ulta Beauty’s Q1 2019 earnings at $2.46 EPS, Q2 2019 earnings at $2.43 EPS, Q3 2019 earnings at $2.35 EPS, Q4 2019 earnings at $3.57 EPS and FY2020 earnings at $12.90 EPS.
ULTA has been the topic of several other research reports. Buckingham Research raised Ulta Beauty from a neutral rating to a buy rating and set a $225.00 price target on the stock in a report on Tuesday, December 19th. They noted that the move was a valuation call. Piper Jaffray reissued a hold rating and issued a $230.00 price target on shares of Ulta Beauty in a report on Monday, January 22nd. Loop Capital set a $300.00 price target on Ulta Beauty and gave the stock a buy rating in a report on Monday, November 27th. Wells Fargo set a $297.00 price target on Ulta Beauty and gave the stock a buy rating in a report on Thursday, January 11th. Finally, Vetr upgraded Ulta Beauty from a buy rating to a strong-buy rating in a research report on Wednesday, December 27th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Ulta Beauty presently has a consensus rating of Buy and a consensus target price of $251.01.
Shares of NASDAQ ULTA traded up $1.34 during mid-day trading on Friday, hitting $208.26. The company had a trading volume of 1,289,013 shares, compared to its average volume of 1,363,031. The company has a market cap of $12,541.70, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 1.07 and a beta of 0.68. Ulta Beauty has a 12 month low of $187.96 and a 12 month high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, March 15th. The specialty retailer reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.77 by ($0.02). The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. Ulta Beauty had a return on equity of 30.40% and a net margin of 9.44%. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period last year, the business posted $2.24 EPS. equities research analysts forecast that Ulta Beauty will post 10.74 earnings per share for the current year.
Ulta Beauty declared that its Board of Directors has initiated a stock repurchase plan on Thursday, March 15th that permits the company to buyback $625.00 million in outstanding shares. This buyback authorization permits the specialty retailer to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.
Hedge funds have recently modified their holdings of the company. Captrust Financial Advisors acquired a new position in shares of Ulta Beauty during the 4th quarter valued at $153,000. ACG Wealth acquired a new position in shares of Ulta Beauty during the 4th quarter valued at $216,000. Sapphire Star Partners LP acquired a new position in shares of Ulta Beauty during the 4th quarter valued at $224,000. BancorpSouth Bank acquired a new position in shares of Ulta Beauty during the 4th quarter valued at $230,000. Finally, Bluestein R H & Co. acquired a new position in shares of Ulta Beauty during the 4th quarter valued at $233,000. 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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