Ulta Beauty Inc. (NASDAQ:ULTA)‘s stock had its “buy” rating reiterated by investment analysts at Piper Jaffray Companies in a research report issued to clients and investors on Monday. They currently have a $330.00 target price on the specialty retailer’s stock. Piper Jaffray Companies’ target price would suggest a potential upside of 55.40% from the company’s previous close.

A number of other brokerages have also commented on ULTA. Edward Jones lowered Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Wednesday, May 24th. Buckingham Research lowered Ulta Beauty from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $325.00 to $330.00 in a research report on Friday, May 26th. Zacks Investment Research upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $301.00 price objective for the company in a research report on Thursday, July 13th. Stifel Nicolaus restated a “hold” rating and set a $325.00 price objective (up from $305.00) on shares of Ulta Beauty in a research report on Tuesday, June 6th. Finally, Deutsche Bank AG set a $300.00 price objective on Ulta Beauty and gave the stock a “hold” rating in a research report on Sunday, May 28th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $294.32.

Ulta Beauty (NASDAQ:ULTA) traded down 9.14% during midday trading on Monday, reaching $212.36. 7,890,175 shares of the company traded hands. The firm has a market capitalization of $13.15 billion, a PE ratio of 28.27 and a beta of 0.57. Ulta Beauty has a 12 month low of $208.25 and a 12 month high of $314.86. The company’s 50-day moving average price is $249.47 and its 200 day moving average price is $277.02. Ulta Beauty also was the recipient of unusually large options trading on Thursday. Investors bought 23,425 put options on the company. This represents an increase of 769% compared to the typical volume of 2,696 put options.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $1.83 EPS for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.05. Ulta Beauty had a return on equity of 29.72% and a net margin of 8.84%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the company posted $1.43 EPS. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. On average, equities analysts anticipate that Ulta Beauty will post $8.32 earnings per share for the current year.

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In other Ulta Beauty news, Director Robert F. Diromualdo sold 20,000 shares of Ulta Beauty stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $309.05, for a total value of $6,181,000.00. Following the transaction, the director now directly owns 4,717 shares of the company’s stock, valued at approximately $1,457,788.85. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Catherine Ann Halligan sold 500 shares of Ulta Beauty stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $312.36, for a total value of $156,180.00. Following the completion of the transaction, the director now directly owns 4,126 shares in the company, valued at $1,288,797.36. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Ulta Beauty by 2,734.8% in the first quarter. BlackRock Inc. now owns 4,007,950 shares of the specialty retailer’s stock valued at $1,143,188,000 after buying an additional 3,866,567 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Ulta Beauty by 137.3% in the second quarter. Wells Fargo & Company MN now owns 1,053,780 shares of the specialty retailer’s stock valued at $302,792,000 after buying an additional 609,671 shares in the last quarter. Harbour Capital Advisors LLC increased its position in shares of Ulta Beauty by 28,419.1% in the second quarter. Harbour Capital Advisors LLC now owns 571,807 shares of the specialty retailer’s stock valued at $1,990,000 after buying an additional 569,802 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Ulta Beauty by 1,786.4% in the first quarter. Wellington Management Group LLP now owns 449,648 shares of the specialty retailer’s stock valued at $128,253,000 after buying an additional 425,812 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Ulta Beauty by 605.4% in the second quarter. Renaissance Technologies LLC now owns 389,400 shares of the specialty retailer’s stock valued at $111,890,000 after buying an additional 334,198 shares in the last quarter. 85.68% of the stock is currently owned by institutional investors.

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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