Ulta Beauty, Inc. (NASDAQ:ULTA) Receives $460.91 Average Target Price from Analysts

Shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Get Free Report) have been assigned an average recommendation of "Hold" from the twenty-five analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $460.91.

Several research firms recently weighed in on ULTA. UBS Group increased their target price on shares of Ulta Beauty from $490.00 to $525.00 and gave the company a "buy" rating in a research note on Friday, May 30th. B. Riley reduced their price objective on Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Citigroup lifted their price objective on Ulta Beauty from $425.00 to $450.00 and gave the stock a "neutral" rating in a report on Friday, May 30th. Barclays upped their target price on Ulta Beauty from $327.00 to $485.00 and gave the company an "equal weight" rating in a research note on Monday. Finally, Robert W. Baird raised their target price on Ulta Beauty from $440.00 to $525.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th.

Insider Activity at Ulta Beauty

In related news, insider Jodi J. Caro sold 902 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total value of $332,982.32. Following the transaction, the insider now owns 7,632 shares in the company, valued at $2,817,429.12. This trade represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.17% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its holdings in Ulta Beauty by 128.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer's stock worth $449,021,000 after acquiring an additional 688,267 shares during the period. Geode Capital Management LLC boosted its position in shares of Ulta Beauty by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,199,935 shares of the specialty retailer's stock worth $520,587,000 after purchasing an additional 11,205 shares during the last quarter. Capital World Investors acquired a new stake in shares of Ulta Beauty during the fourth quarter worth $430,674,000. T. Rowe Price Investment Management Inc. increased its holdings in Ulta Beauty by 64.8% in the first quarter. T. Rowe Price Investment Management Inc. now owns 931,557 shares of the specialty retailer's stock valued at $341,453,000 after purchasing an additional 366,147 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Ulta Beauty by 81.7% in the first quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer's stock valued at $334,871,000 after buying an additional 410,900 shares during the period. Institutional investors own 90.39% of the company's stock.

Ulta Beauty Price Performance

NASDAQ:ULTA traded up $1.40 during mid-day trading on Wednesday, reaching $467.04. The stock had a trading volume of 575,123 shares, compared to its average volume of 988,178. The business's 50 day moving average is $390.96 and its 200 day moving average is $389.94. Ulta Beauty has a fifty-two week low of $309.01 and a fifty-two week high of $491.98. The stock has a market cap of $21.09 billion, a P/E ratio of 18.69, a PEG ratio of 0.89 and a beta of 1.06.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, beating analysts' consensus estimates of $5.73 by $0.97. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.79 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm's revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business earned $6.47 EPS. Equities analysts expect that Ulta Beauty will post 23.96 EPS for the current year.

About Ulta Beauty

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.