Ulta Beauty (NASDAQ:ULTA) Earns Hold Rating from Oppenheimer

Ulta Beauty (NASDAQ:ULTA)‘s stock had its “hold” rating restated by investment analysts at Oppenheimer in a report released on Thursday, January 18th. They currently have a $240.00 price target on the specialty retailer’s stock. Oppenheimer’s price objective suggests a potential upside of 9.81% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Goldman Sachs Group cut shares of Ulta Beauty from a “conviction-buy” rating to a “buy” rating and dropped their target price for the company from $290.00 to $267.00 in a report on Monday, October 16th. Robert W. Baird set a $265.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a report on Monday, October 23rd. Cowen set a $336.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a report on Friday, October 20th. KeyCorp restated a “buy” rating and set a $270.00 target price (down previously from $300.00) on shares of Ulta Beauty in a report on Tuesday, October 3rd. Finally, Piper Jaffray Companies restated a “buy” rating and set a $260.00 target price on shares of Ulta Beauty in a report on Sunday, October 1st. Eleven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Ulta Beauty currently has a consensus rating of “Buy” and a consensus price target of $262.91.

Shares of Ulta Beauty (NASDAQ:ULTA) traded up $9.46 during trading on Thursday, reaching $218.55. 1,265,899 shares of the company’s stock were exchanged, compared to its average volume of 1,182,967. Ulta Beauty has a fifty-two week low of $187.96 and a fifty-two week high of $314.86. The stock has a market cap of $13,329.80, a P/E ratio of 27.95, a P/E/G ratio of 1.06 and a beta of 0.54.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, November 30th. The specialty retailer reported $1.70 EPS for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.03. Ulta Beauty had a net margin of 8.82% and a return on equity of 29.64%. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. analysts predict that Ulta Beauty will post 8.35 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. CI Global Investments Inc. bought a new position in Ulta Beauty during the 4th quarter valued at about $135,756,000. Ameriprise Financial Inc. lifted its stake in Ulta Beauty by 58.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,390,665 shares of the specialty retailer’s stock valued at $314,378,000 after acquiring an additional 512,315 shares during the period. Alecta Pensionsforsakring Omsesidigt bought a new position in Ulta Beauty during the 3rd quarter valued at about $83,642,000. Old Mutual Global Investors UK Ltd. lifted its stake in Ulta Beauty by 173.8% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 527,993 shares of the specialty retailer’s stock valued at $119,358,000 after acquiring an additional 335,148 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in Ulta Beauty by 605.4% during the 2nd quarter. Renaissance Technologies LLC now owns 389,400 shares of the specialty retailer’s stock valued at $111,890,000 after acquiring an additional 334,198 shares during the period. Institutional investors own 89.41% of the company’s stock.

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About Ulta Beauty

Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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