Ulta Beauty (ULTA) Price Target Increased to $357.00 by Analysts at Jefferies Financial Group

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Ulta Beauty (NASDAQ:ULTA) had its target price boosted by research analysts at Jefferies Financial Group from $335.00 to $357.00 in a note issued to investors on Friday, The Fly reports. The brokerage currently has a “buy” rating on the specialty retailer’s stock. Jefferies Financial Group’s target price suggests a potential upside of 5.81% from the company’s previous close.

Several other brokerages have also commented on ULTA. Zacks Investment Research restated a “buy” rating and issued a $316.00 price objective on shares of Ulta Beauty in a report on Saturday, November 17th. BidaskClub upgraded shares of Ulta Beauty from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 15th. Piper Jaffray Companies lifted their target price on shares of Ulta Beauty to $318.00 and gave the company a “positive” rating in a report on Thursday, March 7th. BMO Capital Markets lifted their target price on shares of Ulta Beauty to $325.00 and gave the company a “market perform” rating in a report on Friday. Finally, Credit Suisse Group lifted their target price on shares of Ulta Beauty to $380.00 and gave the company an “outperform” rating in a report on Friday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. Ulta Beauty currently has a consensus rating of “Buy” and an average price target of $306.25.

ULTA traded up $24.88 on Friday, hitting $337.39. The company had a trading volume of 47,925 shares, compared to its average volume of 743,855. Ulta Beauty has a 52-week low of $199.15 and a 52-week high of $322.49. The firm has a market capitalization of $18.47 billion, a PE ratio of 41.35, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, March 14th. The specialty retailer reported $3.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.56 by $0.05. Ulta Beauty had a net margin of 9.99% and a return on equity of 33.75%. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the business posted $2.75 earnings per share. Ulta Beauty’s quarterly revenue was up 9.7% compared to the same quarter last year. Analysts anticipate that Ulta Beauty will post 10.82 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of ULTA. Robeco Institutional Asset Management B.V. grew its position in Ulta Beauty by 92.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 14,962 shares of the specialty retailer’s stock worth $4,222,000 after purchasing an additional 7,184 shares during the period. Private Advisor Group LLC bought a new stake in Ulta Beauty in the 3rd quarter worth approximately $358,000. Stratos Wealth Partners LTD. bought a new stake in Ulta Beauty in the 3rd quarter worth approximately $151,000. Cambridge Investment Research Advisors Inc. grew its position in Ulta Beauty by 26.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 9,548 shares of the specialty retailer’s stock worth $2,694,000 after purchasing an additional 1,994 shares during the period. Finally, Gamco Investors INC. ET AL bought a new stake in Ulta Beauty in the 3rd quarter worth approximately $687,000. 89.72% of the stock is owned by institutional investors and hedge funds.

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.

See Also: Ex-Dividend

The Fly

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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