Ulta Beauty (NASDAQ:ULTA) has been given a $260.00 price target by stock analysts at Jefferies Group in a report issued on Friday, March 16th. The firm presently has a “buy” rating on the specialty retailer’s stock. Jefferies Group’s target price suggests a potential upside of 24.84% from the company’s current price. Jefferies Group also issued estimates for Ulta Beauty’s Q1 2019 earnings at $2.56 EPS, Q4 2019 earnings at $3.11 EPS and Q4 2020 earnings at $3.60 EPS.
A number of other analysts also recently weighed in on ULTA. Cleveland Research reiterated a “hold” rating on shares of Ulta Beauty in a research report on Tuesday, November 21st. Loop Capital set a $300.00 target price on Ulta Beauty and gave the company a “buy” rating in a research report on Monday, November 27th. KeyCorp set a $270.00 target price on Ulta Beauty and gave the company a “buy” rating in a research report on Monday, November 27th. Oppenheimer reiterated a “hold” rating and set a $210.00 target price on shares of Ulta Beauty in a research report on Tuesday, November 28th. Finally, Vetr downgraded Ulta Beauty from a “strong-buy” rating to a “buy” rating and set a $247.00 price objective for the company. in a research report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $251.01.
Shares of NASDAQ:ULTA traded up $1.34 during trading on Friday, reaching $208.26. 1,289,013 shares of the company traded hands, compared to its average volume of 1,363,031. The company has a market cap of $12,622.85, a price-to-earnings ratio of 25.52, a PEG ratio of 1.08 and a beta of 0.68. Ulta Beauty has a 52 week low of $187.96 and a 52 week high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, March 15th. The specialty retailer reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.02). The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. Ulta Beauty had a net margin of 9.44% and a return on equity of 30.40%. The business’s revenue was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.24 earnings per share. analysts expect that Ulta Beauty will post 10.74 EPS for the current fiscal year.
Ulta Beauty declared that its Board of Directors has initiated a share repurchase program on Thursday, March 15th that permits the company to repurchase $625.00 million in shares. This repurchase authorization permits the specialty retailer to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
A number of institutional investors and hedge funds have recently modified their holdings of ULTA. CI Global Investments Inc. acquired a new position in Ulta Beauty in the 4th quarter worth about $135,756,000. Ameriprise Financial Inc. increased its holdings in Ulta Beauty by 58.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,390,665 shares of the specialty retailer’s stock worth $314,378,000 after purchasing an additional 512,315 shares in the last quarter. HS Management Partners LLC increased its holdings in Ulta Beauty by 208.7% in the 4th quarter. HS Management Partners LLC now owns 699,365 shares of the specialty retailer’s stock worth $156,420,000 after purchasing an additional 472,850 shares in the last quarter. Millennium Management LLC increased its holdings in Ulta Beauty by 1,094.2% in the 4th quarter. Millennium Management LLC now owns 362,115 shares of the specialty retailer’s stock worth $80,991,000 after purchasing an additional 331,792 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its holdings in Ulta Beauty by 111.3% in the 4th quarter. TIAA CREF Investment Management LLC now owns 591,905 shares of the specialty retailer’s stock worth $132,385,000 after purchasing an additional 311,725 shares in the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.
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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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