Ulta Beauty (NASDAQ:ULTA - Get Free Report) had its target price boosted by equities researchers at Loop Capital from $480.00 to $510.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the specialty retailer's stock. Loop Capital's price objective indicates a potential upside of 11.07% from the stock's previous close.
A number of other research analysts also recently weighed in on the company. Argus downgraded Ulta Beauty from a "buy" rating to a "hold" rating in a research note on Monday, April 14th. UBS Group upped their target price on Ulta Beauty from $490.00 to $525.00 and gave the company a "buy" rating in a report on Friday, May 30th. Oppenheimer lifted their price objective on shares of Ulta Beauty from $465.00 to $510.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Evercore ISI increased their target price on shares of Ulta Beauty from $465.00 to $490.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Finally, DA Davidson boosted their price objective on Ulta Beauty from $415.00 to $485.00 and gave the company a "buy" rating in a research note on Friday, May 30th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $462.22.
View Our Latest Research Report on ULTA
Ulta Beauty Stock Performance
ULTA stock opened at $459.17 on Monday. The company has a market capitalization of $20.64 billion, a P/E ratio of 18.37, a PEG ratio of 0.89 and a beta of 1.09. Ulta Beauty has a 52-week low of $309.01 and a 52-week high of $491.98. The company has a fifty day moving average price of $405.37 and a 200-day moving average price of $395.76.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, beating analysts' consensus estimates of $5.73 by $0.97. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.79 billion. During the same quarter in the prior year, the firm posted $6.47 earnings per share. The business's quarterly revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Ulta Beauty will post 23.96 earnings per share for the current fiscal year.
Insider Activity at Ulta Beauty
In other news, insider Jodi J. Caro sold 902 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total transaction of $332,982.32. Following the completion of the sale, the insider now owns 7,632 shares of the company's stock, valued at approximately $2,817,429.12. This represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Ulta Beauty
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC increased its position in shares of Ulta Beauty by 121.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 34 shares during the period. American National Bank & Trust purchased a new position in Ulta Beauty during the 1st quarter valued at about $29,000. Wayfinding Financial LLC bought a new position in Ulta Beauty during the 1st quarter valued at approximately $31,000. Rakuten Securities Inc. lifted its holdings in Ulta Beauty by 218.5% in the 1st quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock worth $32,000 after buying an additional 59 shares during the period. Finally, Edge Capital Group LLC purchased a new stake in Ulta Beauty in the 4th quarter worth approximately $33,000. 90.39% of the stock is currently owned by institutional investors.
About Ulta Beauty
(
Get Free Report)
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.
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