Ulta Beauty (ULTA) PT Set at $312.00 by Piper Jaffray Companies

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Ulta Beauty (NASDAQ:ULTA) has been given a $312.00 target price by equities researchers at Piper Jaffray Companies in a report issued on Thursday, The Fly reports. The firm presently has a “buy” rating on the specialty retailer’s stock. Piper Jaffray Companies’ target price would indicate a potential upside of 1.26% from the stock’s current price. Piper Jaffray Companies also issued estimates for Ulta Beauty’s Q3 2019 earnings at $2.16 EPS, Q1 2020 earnings at $3.17 EPS, Q2 2020 earnings at $2.98 EPS, Q3 2020 earnings at $2.59 EPS, Q1 2021 earnings at $3.67 EPS, Q2 2021 earnings at $3.46 EPS and Q3 2021 earnings at $3.02 EPS.

Several other equities analysts have also recently commented on ULTA. BidaskClub raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Thursday, July 12th. Zacks Investment Research raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $286.00 price target for the company in a research report on Tuesday, July 17th. Jefferies Financial Group set a $285.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Monday, July 30th. Wells Fargo & Co set a $278.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Monday, August 20th. Finally, OTR Global cut shares of Ulta Beauty to a “positive” rating in a research report on Wednesday, August 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $280.40.

Shares of ULTA stock opened at $308.12 on Thursday. Ulta Beauty has a 52 week low of $191.70 and a 52 week high of $312.20. The company has a market capitalization of $17.36 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 1.45 and a beta of 0.60.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, August 30th. The specialty retailer reported $2.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.41 by $0.05. Ulta Beauty had a net margin of 9.91% and a return on equity of 33.29%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. As a group, equities research analysts forecast that Ulta Beauty will post 10.85 earnings per share for the current fiscal year.

In related news, Director Catherine Ann Halligan sold 129 shares of Ulta Beauty stock in a transaction on Monday, September 17th. The shares were sold at an average price of $281.50, for a total transaction of $36,313.50. Following the sale, the director now directly owns 3,628 shares in the company, valued at approximately $1,021,282. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dennis K. Eck sold 35,000 shares of Ulta Beauty stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $287.15, for a total transaction of $10,050,250.00. Following the sale, the director now owns 361,294 shares in the company, valued at $103,745,572.10. The disclosure for this sale can be found here. Insiders sold a total of 68,407 shares of company stock worth $19,580,698 over the last 90 days. Company insiders own 5.60% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Huntington National Bank raised its stake in Ulta Beauty by 120.0% during the 2nd quarter. Huntington National Bank now owns 440 shares of the specialty retailer’s stock worth $103,000 after acquiring an additional 240 shares in the last quarter. Rational Advisors LLC raised its stake in Ulta Beauty by 539.7% during the 3rd quarter. Rational Advisors LLC now owns 371 shares of the specialty retailer’s stock worth $105,000 after acquiring an additional 313 shares in the last quarter. Altman Advisors Inc. raised its stake in Ulta Beauty by 315.5% during the 2nd quarter. Altman Advisors Inc. now owns 32,854 shares of the specialty retailer’s stock worth $142,000 after acquiring an additional 24,947 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in Ulta Beauty during the 2nd quarter worth $151,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in Ulta Beauty during the 3rd quarter worth $151,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

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.

See Also: Cash Flow

The Fly

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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