Ulta Beauty Inc. (NASDAQ:ULTA) has been assigned a $300.00 target price by analysts at Loop Capital in a research note issued to investors on Monday. The firm presently has a “buy” rating on the specialty retailer’s stock. Loop Capital’s price objective indicates a potential upside of 44.40% from the company’s previous close.
Other analysts have also recently issued reports about the stock. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating and issued a $330.00 target price (up from $270.00) on shares of Ulta Beauty in a research note on Monday, July 31st. Jefferies Group LLC set a $300.00 target price on shares of Ulta Beauty and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. KeyCorp reaffirmed a “buy” rating and issued a $270.00 target price (down from $300.00) on shares of Ulta Beauty in a research note on Tuesday, October 3rd. Robert W. Baird reaffirmed an “outperform” rating and issued a $295.00 target price (down from $335.00) on shares of Ulta Beauty in a research note on Friday, August 25th. They noted that the move was a valuation call. Finally, Cleveland Research reaffirmed a “hold” rating on shares of Ulta Beauty in a research note on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $274.11.
Ulta Beauty (NASDAQ ULTA) traded down $2.62 during mid-day trading on Monday, reaching $207.76. 661,412 shares of the company’s stock traded hands, compared to its average volume of 970,474. The stock has a market cap of $12,923.24, a PE ratio of 28.51, a P/E/G ratio of 1.30 and a beta of 0.51. Ulta Beauty has a 12-month low of $187.96 and a 12-month high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 24th. The specialty retailer reported $1.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.05. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. Ulta Beauty’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.43 EPS. analysts predict that Ulta Beauty will post 8.36 EPS for the current year.
In other news, Director Michael R. Macdonald acquired 2,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were purchased at an average price of $208.37 per share, for a total transaction of $416,740.00. Following the acquisition, the director now directly owns 6,224 shares of the company’s stock, valued at approximately $1,296,894.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Charles Heilbronn acquired 127,889 shares of the business’s stock in a transaction on Friday, October 13th. The stock was purchased at an average price of $195.21 per share, for a total transaction of $24,965,211.69. The disclosure for this purchase can be found here. Insiders own 5.20% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP lifted its holdings in Ulta Beauty by 528.5% in the 3rd quarter. GSA Capital Partners LLP now owns 12,079 shares of the specialty retailer’s stock worth $2,731,000 after buying an additional 10,157 shares in the last quarter. Algert Global LLC acquired a new position in Ulta Beauty in the 3rd quarter worth $772,000. Cetera Advisor Networks LLC lifted its holdings in Ulta Beauty by 44.1% in the 3rd quarter. Cetera Advisor Networks LLC now owns 1,193 shares of the specialty retailer’s stock worth $271,000 after buying an additional 365 shares in the last quarter. IFM Investors Pty Ltd acquired a new position in Ulta Beauty in the 3rd quarter worth $381,000. Finally, Ameritas Investment Partners Inc. lifted its holdings in Ulta Beauty by 313.7% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 10,141 shares of the specialty retailer’s stock worth $2,278,000 after buying an additional 7,690 shares in the last quarter. Hedge funds and other institutional investors own 86.38% 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.
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