Ulta Beauty, Inc. (NASDAQ:ULTA) Receives $420.71 Average PT from Brokerages

Shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Get Free Report) have been given a consensus rating of "Hold" by the twenty-four analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $420.71.

A number of equities analysts have commented on the stock. BMO Capital Markets set a $385.00 target price on shares of Ulta Beauty in a research note on Thursday, October 17th. Raymond James dropped their price objective on Ulta Beauty from $450.00 to $440.00 and set an "outperform" rating on the stock in a research note on Monday, October 14th. UBS Group decreased their target price on Ulta Beauty from $550.00 to $505.00 and set a "buy" rating for the company in a research report on Friday, August 30th. Wells Fargo & Company dropped their price target on Ulta Beauty from $325.00 to $300.00 and set an "underweight" rating on the stock in a research report on Friday, August 30th. Finally, TD Cowen cut their price target on Ulta Beauty from $390.00 to $380.00 and set a "hold" rating on the stock in a research note on Thursday, October 17th.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA traded down $17.60 during trading hours on Friday, hitting $365.17. 1,440,970 shares of the company's stock traded hands, compared to its average volume of 962,623. The business has a fifty day moving average price of $380.06 and a 200-day moving average price of $379.36. Ulta Beauty has a 1 year low of $318.17 and a 1 year high of $574.76. The firm has a market capitalization of $17.20 billion, a P/E ratio of 14.65, a price-to-earnings-growth ratio of 2.20 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing the consensus estimate of $5.47 by ($0.17). The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business's revenue was up .9% compared to the same quarter last year. During the same period last year, the company earned $6.02 EPS. As a group, equities analysts predict that Ulta Beauty will post 23.07 earnings per share for the current year.

Institutional Trading of Ulta Beauty

A number of institutional investors have recently bought and sold shares of ULTA. International Assets Investment Management LLC raised its holdings in shares of Ulta Beauty by 180,713.0% in the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer's stock worth $481,952,000 after buying an additional 1,237,884 shares during the last quarter. Geode Capital Management LLC raised its stake in Ulta Beauty by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer's stock worth $461,059,000 after acquiring an additional 10,153 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in Ulta Beauty during the 3rd quarter worth about $359,480,000. TD Asset Management Inc grew its stake in Ulta Beauty by 14.1% during the 2nd quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer's stock valued at $239,545,000 after purchasing an additional 76,721 shares during the last quarter. Finally, Champlain Investment Partners LLC grew its stake in Ulta Beauty by 5.4% during the 3rd quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer's stock valued at $237,519,000 after purchasing an additional 31,540 shares during the last quarter. 90.39% of the stock is currently 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.