Several other research analysts have also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Ulta Beauty from $522.00 to $466.00 in a report on Wednesday. Oppenheimer boosted their target price on Ulta Beauty from $470.00 to $485.00 and gave the stock an “outperform” rating in a research note on Friday. DA Davidson decreased their price target on Ulta Beauty from $500.00 to $450.00 in a research report on Friday, March 11th. Piper Sandler boosted their price objective on Ulta Beauty from $465.00 to $485.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Jefferies Financial Group upgraded Ulta Beauty from a “hold” rating to a “buy” rating and upped their price objective for the company from $400.00 to $475.00 in a research note on Friday. Seven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $454.95.
Shares of NASDAQ:ULTA traded up $47.12 during mid-day trading on Friday, hitting $425.08. 2,765,713 shares of the company traded hands, compared to its average volume of 753,595. The stock has a 50-day moving average price of $394.52 and a two-hundred day moving average price of $386.93. Ulta Beauty has a 12-month low of $319.05 and a 12-month high of $438.63. The stock has a market cap of $22.20 billion, a P/E ratio of 23.60, a P/E/G ratio of 1.84 and a beta of 1.54.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last issued its quarterly earnings data on Thursday, May 26th. The specialty retailer reported $6.30 earnings per share for the quarter, beating the consensus estimate of $4.46 by $1.84. Ulta Beauty had a return on equity of 54.42% and a net margin of 11.42%. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same period last year, the business earned $4.10 EPS. The business’s revenue was up 21.0% on a year-over-year basis. As a group, research analysts forecast that Ulta Beauty will post 18.58 earnings per share for the current year.
In other news, insider Jodi J. Caro sold 5,340 shares of the firm’s stock in a transaction on Wednesday, March 16th. The stock was sold at an average price of $384.54, for a total value of $2,053,443.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.10% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the company. Signaturefd LLC increased its holdings in shares of Ulta Beauty by 4.4% in the first quarter. Signaturefd LLC now owns 617 shares of the specialty retailer’s stock worth $246,000 after purchasing an additional 26 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of Ulta Beauty by 59.1% in the 1st quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 26 shares in the last quarter. J2 Capital Management Inc boosted its position in shares of Ulta Beauty by 3.7% during the 1st quarter. J2 Capital Management Inc now owns 817 shares of the specialty retailer’s stock valued at $325,000 after acquiring an additional 29 shares during the last quarter. Greytown Advisors Inc. grew its holdings in shares of Ulta Beauty by 2.7% during the third quarter. Greytown Advisors Inc. now owns 1,157 shares of the specialty retailer’s stock worth $418,000 after purchasing an additional 30 shares in the last quarter. Finally, Salem Investment Counselors Inc. raised its stake in Ulta Beauty by 12.9% in the fourth quarter. Salem Investment Counselors Inc. now owns 263 shares of the specialty retailer’s stock valued at $108,000 after purchasing an additional 30 shares in the last quarter. 89.20% of the stock is currently owned by hedge funds and other institutional investors.
Ulta Beauty Company Profile (Get Rating)
Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company’s stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services.
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