Brokerages Set Ulta Beauty, Inc. (NASDAQ:ULTA) PT at $459.22

Shares of Ulta Beauty, Inc. (NASDAQ:ULTA) have received an average rating of “Hold” from the twenty-four brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $459.22.

ULTA has been the topic of several analyst reports. Barclays upped their target price on shares of Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a report on Thursday, January 9th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. William Blair cut Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. Morgan Stanley upgraded Ulta Beauty from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $430.00 to $500.00 in a research report on Tuesday, January 21st. Finally, Bank of America increased their target price on Ulta Beauty from $460.00 to $475.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $410.67 on Thursday. The firm’s 50-day moving average is $416.81 and its 200-day moving average is $386.06. The company has a market cap of $19.04 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 0.98 and a beta of 1.28. Ulta Beauty has a 52-week low of $318.17 and a 52-week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.07 EPS. Equities analysts predict that Ulta Beauty will post 23.96 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Jensen Investment Management Inc. boosted its stake in shares of Ulta Beauty by 17.9% during the 3rd quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock worth $4,409,000 after buying an additional 1,720 shares during the last quarter. Versor Investments LP acquired a new position in Ulta Beauty during the third quarter valued at approximately $793,000. Stephens Inc. AR grew its stake in shares of Ulta Beauty by 31.0% in the third quarter. Stephens Inc. AR now owns 16,014 shares of the specialty retailer’s stock valued at $6,231,000 after buying an additional 3,791 shares in the last quarter. Chase Investment Counsel Corp grew its position in shares of Ulta Beauty by 100.0% in the 3rd quarter. Chase Investment Counsel Corp now owns 4,000 shares of the specialty retailer’s stock valued at $1,556,000 after acquiring an additional 2,000 shares during the period. Finally, Integrated Investment Consultants LLC acquired a new position in shares of Ulta Beauty during the 3rd quarter worth about $4,480,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.