Ulta Beauty Inc. (NASDAQ:ULTA) Receives $465.04 Average Target Price from Analysts

Shares of Ulta Beauty Inc. (NASDAQ:ULTA - Get Free Report) have received a consensus recommendation of "Hold" from the twenty-five research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $465.04.

A number of equities research analysts have weighed in on ULTA shares. Evercore ISI lifted their target price on Ulta Beauty from $465.00 to $490.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. Wells Fargo & Company lifted their target price on Ulta Beauty from $315.00 to $350.00 and gave the company an "underweight" rating in a research report on Friday, May 30th. Morgan Stanley lifted their target price on Ulta Beauty from $460.00 to $550.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Truist Financial lifted their target price on Ulta Beauty from $364.00 to $386.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. Finally, DA Davidson lifted their target price on Ulta Beauty from $485.00 to $550.00 and gave the company a "buy" rating in a research report on Monday, July 7th.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock traded up $1.40 on Thursday, reaching $514.95. The company had a trading volume of 466,057 shares, compared to its average volume of 912,062. The firm's 50-day moving average price is $462.62 and its two-hundred day moving average price is $407.32. Ulta Beauty has a 1 year low of $309.01 and a 1 year high of $515.99. The firm has a market cap of $23.15 billion, a price-to-earnings ratio of 20.12, a P/E/G ratio of 3.08 and a beta of 1.08.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.73 by $0.97. The company had revenue of $2.85 billion during the quarter, compared to analysts' expectations of $2.79 billion. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%. Ulta Beauty's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.47 EPS. As a group, analysts anticipate that Ulta Beauty will post 23.96 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Prestige Wealth Management Group LLC grew its holdings in Ulta Beauty by 121.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 34 shares during the period. American National Bank & Trust acquired a new stake in Ulta Beauty during the first quarter worth about $29,000. Wayfinding Financial LLC acquired a new stake in Ulta Beauty during the first quarter worth about $31,000. Hemington Wealth Management boosted its position in Ulta Beauty by 142.9% during the second quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer's stock worth $31,000 after purchasing an additional 40 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its position in Ulta Beauty by 218.5% during the first quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 59 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Company Profile

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.