Shares of Ulta Beauty Inc (NASDAQ:ULTA) have received an average recommendation of “Buy” from the twenty-five research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $317.11.
A number of analysts have recently commented on the stock. BidaskClub cut shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Saturday, December 8th. Wells Fargo & Co cut their target price on shares of Ulta Beauty from $328.00 to $280.00 and set an “outperform” rating for the company in a research note on Wednesday, January 2nd. Loop Capital boosted their price target on shares of Ulta Beauty from $265.00 to $300.00 and gave the stock a “hold” rating in a research report on Monday, March 4th. Nomura set a $305.00 price target on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, November 26th. Finally, Morgan Stanley set a $330.00 price target on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Sunday, December 9th.
Large investors have recently bought and sold shares of the business. American Century Companies Inc. acquired a new position in shares of Ulta Beauty in the 4th quarter worth approximately $46,445,000. Norges Bank purchased a new stake in Ulta Beauty during the 4th quarter worth approximately $125,214,000. Actinver Wealth Management Inc. purchased a new stake in Ulta Beauty during the 4th quarter worth approximately $214,000. O Brien Greene & Co. Inc purchased a new stake in Ulta Beauty during the 4th quarter worth approximately $3,761,000. Finally, FMR LLC increased its stake in Ulta Beauty by 52.6% during the 4th quarter. FMR LLC now owns 1,961,393 shares of the specialty retailer’s stock worth $480,228,000 after buying an additional 675,832 shares during the period. Institutional investors own 89.34% of the company’s stock.
ULTA traded up $0.05 on Wednesday, reaching $334.50. The stock had a trading volume of 42,765 shares, compared to its average volume of 932,935. Ulta Beauty has a 12-month low of $199.15 and a 12-month high of $345.24. The stock has a market capitalization of $19.84 billion, a price-to-earnings ratio of 30.83, a PEG ratio of 1.45 and a beta of 1.01.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, March 14th. The specialty retailer reported $3.61 earnings per share for the quarter, beating analysts’ consensus estimates of $3.56 by $0.05. Ulta Beauty had a net margin of 9.80% and a return on equity of 36.09%. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the previous year, the company earned $2.75 earnings per share. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, analysts predict that Ulta Beauty will post 12.78 earnings per share for the current year.
Ulta Beauty Company Profile
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.
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