Ulta Beauty (ULTA) Price Target Raised to $315.00

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Ulta Beauty (NASDAQ:ULTA) had its target price raised by Nomura from $311.00 to $315.00 in a report released on Friday. They currently have a neutral rating on the specialty retailer’s stock.

A number of other equities analysts have also recently weighed in on the company. BidaskClub cut Ulta Beauty from a buy rating to a hold rating in a report on Saturday, December 8th. Wells Fargo & Co cut their price target on Ulta Beauty from $328.00 to $280.00 and set an outperform rating for the company in a report on Wednesday, January 2nd. Loop Capital boosted their price target on Ulta Beauty from $265.00 to $300.00 and gave the stock a hold rating in a report on Monday, March 4th. Morgan Stanley set a $330.00 price target on Ulta Beauty and gave the stock a buy rating in a report on Sunday, December 9th. Finally, OTR Global raised Ulta Beauty to a positive rating in a report on Thursday, November 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $313.96.

Shares of ULTA stock opened at $338.41 on Friday. Ulta Beauty has a 1 year low of $199.15 and a 1 year high of $345.24. The firm has a market cap of $18.47 billion, a P/E ratio of 41.47, a PEG ratio of 1.33 and a beta of 1.01.

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

Large investors have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. raised its position in Ulta Beauty by 92.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 14,962 shares of the specialty retailer’s stock worth $4,222,000 after acquiring an additional 7,184 shares during the period. Private Advisor Group LLC bought a new stake in Ulta Beauty in the third quarter worth about $358,000. Stratos Wealth Partners LTD. bought a new stake in Ulta Beauty in the third quarter worth about $151,000. Cambridge Investment Research Advisors Inc. raised its position in Ulta Beauty by 26.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 9,548 shares of the specialty retailer’s stock worth $2,694,000 after acquiring an additional 1,994 shares during the period. Finally, Gamco Investors INC. ET AL bought a new stake in Ulta Beauty in the third quarter worth about $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.

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Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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