Brokerages Set Ulta Beauty (ULTA) Price Target at $247.46

Ulta Beauty (NASDAQ:ULTA) has been given an average recommendation of “Buy” by the twenty-eight brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, seventeen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $247.46.

Several research analysts recently issued reports on the stock. BidaskClub raised shares of Ulta Beauty from a “hold” rating to a “buy” rating in a research note on Wednesday, April 18th. Guggenheim raised shares of Ulta Beauty from a “neutral” rating to a “buy” rating and set a $260.00 target price on the stock in a research note on Monday, April 16th. Piper Jaffray raised shares of Ulta Beauty from a “neutral” rating to a “buy” rating and increased their target price for the stock from $212.00 to $236.00 in a research note on Tuesday, April 10th. Vetr raised shares of Ulta Beauty from a “buy” rating to a “strong-buy” rating and set a $237.11 target price on the stock in a research note on Monday, April 9th. Finally, Buckingham Research set a $270.00 target price on shares of Ulta Beauty and gave the stock a “buy” rating in a research note on Monday, March 19th.

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In related news, Director Lorna Nagler sold 3,000 shares of the firm’s stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $228.35, for a total transaction of $685,050.00. Following the transaction, the director now directly owns 8,336 shares of the company’s stock, valued at $1,903,525.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dennis K. Eck sold 22,000 shares of the firm’s stock in a transaction dated Tuesday, April 10th. The shares were sold at an average price of $216.82, for a total transaction of $4,770,040.00. Following the transaction, the director now directly owns 427,333 shares in the company, valued at $92,654,341.06. The disclosure for this sale can be found here. Insiders have sold 41,286 shares of company stock worth $8,826,129 over the last three months. 5.20% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings in Ulta Beauty by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 230,487 shares of the specialty retailer’s stock worth $52,105,000 after buying an additional 694 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in Ulta Beauty by 42.2% during the third quarter. Neuberger Berman Group LLC now owns 82,523 shares of the specialty retailer’s stock worth $18,655,000 after buying an additional 24,471 shares during the last quarter. Atlantic Trust Group LLC increased its holdings in Ulta Beauty by 11.9% during the third quarter. Atlantic Trust Group LLC now owns 40,051 shares of the specialty retailer’s stock worth $9,053,000 after buying an additional 4,262 shares during the last quarter. F&V Capital Management LLC increased its holdings in Ulta Beauty by 39.1% during the fourth quarter. F&V Capital Management LLC now owns 1,645 shares of the specialty retailer’s stock worth $368,000 after buying an additional 462 shares during the last quarter. Finally, Bath Savings Trust Co increased its holdings in Ulta Beauty by 13.5% during the fourth quarter. Bath Savings Trust Co now owns 5,815 shares of the specialty retailer’s stock worth $1,301,000 after buying an additional 690 shares during the last quarter. 92.63% of the stock is currently owned by institutional investors.

NASDAQ ULTA traded up $1.84 on Friday, hitting $235.78. 305,002 shares of the company were exchanged, compared to its average volume of 1,269,250. The firm has a market cap of $14,464.90, a PE ratio of 28.67, a P/E/G ratio of 1.23 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 issued its earnings results on Thursday, March 15th. The specialty retailer reported $2.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 return on equity of 30.40% and a net margin of 9.44%. The firm’s revenue was up 22.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.24 earnings per share. equities analysts anticipate that Ulta Beauty will post 10.74 EPS for the current year.

Ulta Beauty declared that its board has authorized a share 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. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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About Ulta Beauty

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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