Oppenheimer Reaffirms “Hold” Rating for Ulta Beauty (ULTA)

Ulta Beauty (NASDAQ:ULTA)‘s stock had its “hold” rating reiterated by equities research analysts at Oppenheimer in a research note issued on Thursday. They currently have a $240.00 target price on the specialty retailer’s stock. Oppenheimer’s price objective would indicate a potential upside of 0.55% from the stock’s previous close.

Other analysts have also issued research reports about the company. Goldman Sachs Group lowered Ulta Beauty from a “conviction-buy” rating to a “buy” rating and lowered their target price for the company from $290.00 to $267.00 in a report on Monday, October 16th. Robert W. Baird set a $265.00 price objective on Ulta Beauty and gave the company a “buy” rating in a research report on Monday, October 23rd. Cowen set a $336.00 price objective on Ulta Beauty and gave the company a “buy” rating in a research report on Friday, October 20th. KeyCorp restated a “buy” rating and issued a $270.00 price objective (down from $300.00) on shares of Ulta Beauty in a research report on Tuesday, October 3rd. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $260.00 price objective on shares of Ulta Beauty in a research report on Sunday, October 1st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Ulta Beauty presently has a consensus rating of “Buy” and an average target price of $262.96.

Ulta Beauty (NASDAQ ULTA) traded up $1.57 during trading on Thursday, reaching $238.69. The company’s stock had a trading volume of 1,363,100 shares, compared to its average volume of 1,163,791. The firm has a market capitalization of $14,820.00, a price-to-earnings ratio of 30.52, a price-to-earnings-growth ratio of 1.46 and a beta of 0.55. Ulta Beauty has a 12 month low of $187.96 and a 12 month high of $314.86.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, November 30th. The specialty retailer reported $1.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.03. Ulta Beauty had a return on equity of 29.64% and a net margin of 8.82%. research analysts predict that Ulta Beauty will post 8.35 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sun Life Financial INC lifted its position in Ulta Beauty by 4,655.6% during the second quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock worth $123,000 after buying an additional 419 shares during the period. Lazard Asset Management LLC purchased a new position in Ulta Beauty during the second quarter worth about $157,000. QS Investors LLC lifted its position in Ulta Beauty by 0.8% during the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after buying an additional 6 shares during the period. Cypress Capital Group purchased a new position in Ulta Beauty during the second quarter worth about $218,000. Finally, QCM Cayman Ltd. purchased a new position in Ulta Beauty during the second quarter worth about $248,000. Hedge funds and other institutional investors own 88.72% of the company’s stock.

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About Ulta Beauty

Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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