Ulta Beauty (NASDAQ:ULTA) had its target price increased by analysts at Telsey Advisory Group from $260.00 to $290.00 in a research note issued to investors on Friday. The brokerage presently has an “outperform” rating on the specialty retailer’s stock. Telsey Advisory Group’s price target suggests a potential upside of 15.21% from the company’s previous close.
A number of other equities analysts have also recently issued reports on ULTA. Piper Jaffray Companies set a $212.00 target price on Ulta Beauty and gave the stock a “hold” rating in a report on Thursday, March 15th. Vetr cut Ulta Beauty from a “buy” rating to a “hold” rating and set a $206.73 target price for the company. in a report on Monday, March 12th. Zacks Investment Research raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $246.00 target price for the company in a report on Monday, February 5th. Oppenheimer raised Ulta Beauty from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 15th. Finally, OTR Global raised Ulta Beauty to a “positive” rating in a report on Monday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $259.21.
Ulta Beauty stock opened at $251.72 on Friday. The company has a market capitalization of $15.31 billion, a price-to-earnings ratio of 30.85, a PEG ratio of 1.26 and a beta of 0.64. Ulta Beauty has a 12 month low of $187.96 and a 12 month high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, March 15th. The specialty retailer reported $2.75 EPS for the quarter, missing the consensus estimate of $2.77 by ($0.02). The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. Ulta Beauty had a net margin of 9.44% and a return on equity of 30.40%. The company’s revenue was up 22.6% on a year-over-year basis. During the same period last year, the company earned $2.24 EPS. equities research analysts expect that Ulta Beauty will post 10.77 earnings per share for the current year.
Ulta Beauty announced that its board has authorized a share buyback plan on Thursday, March 15th that allows the company to buyback $625.00 million in shares. This buyback authorization allows the specialty retailer to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
In related news, CEO Mary N. Dillon sold 16,286 shares of the firm’s stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $206.99, for a total transaction of $3,371,039.14. Following the completion of the sale, the chief executive officer now directly owns 100,984 shares of the company’s stock, valued at approximately $20,902,678.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lorna Nagler sold 3,000 shares of the firm’s stock in a transaction on Monday, April 16th. The shares were sold at an average price of $228.35, for a total value of $685,050.00. Following the sale, the director now directly owns 8,336 shares of the company’s stock, valued at $1,903,525.60. The disclosure for this sale can be found here. Insiders have sold a total of 41,286 shares of company stock valued at $8,826,129 over the last ninety days. Insiders own 5.60% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in ULTA. Bank of Montreal Can boosted its position in Ulta Beauty by 35.7% in the 4th quarter. Bank of Montreal Can now owns 34,303 shares of the specialty retailer’s stock valued at $7,672,000 after buying an additional 9,032 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Ulta Beauty by 2.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 193,994 shares of the specialty retailer’s stock valued at $43,389,000 after buying an additional 4,229 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Ulta Beauty by 119.5% in the 4th quarter. State of Alaska Department of Revenue now owns 12,067 shares of the specialty retailer’s stock valued at $2,697,000 after buying an additional 6,570 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in Ulta Beauty by 40.3% in the 4th quarter. Chevy Chase Trust Holdings Inc. now owns 72,636 shares of the specialty retailer’s stock valued at $16,245,000 after buying an additional 20,880 shares during the last quarter. Finally, Strs Ohio boosted its position in Ulta Beauty by 10.6% in the 4th quarter. Strs Ohio now owns 33,168 shares of the specialty retailer’s stock valued at $7,418,000 after buying an additional 3,182 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.
Ulta Beauty Company Profile
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.
Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.