Loop Capital restated their buy rating on shares of Ulta Beauty Inc. (NASDAQ:ULTA) in a research note issued to investors on Friday morning. The brokerage currently has a $300.00 target price on the specialty retailer’s stock, down from their prior target price of $350.00. The analysts noted that the move was a valuation call.

ULTA has been the topic of a number of other reports. Jefferies Group LLC set a $350.00 price target on Ulta Beauty and gave the company a buy rating in a research note on Monday, August 14th. Piper Jaffray Companies restated a buy rating and issued a $330.00 price target on shares of Ulta Beauty in a research note on Monday, August 21st. Stifel Nicolaus cut their price target on Ulta Beauty from $325.00 to $270.00 and set a hold rating on the stock in a research note on Monday, August 21st. Zacks Investment Research upgraded Ulta Beauty from a hold rating to a buy rating and set a $329.00 target price on the stock in a research report on Monday, May 22nd. Finally, Robert W. Baird set a $335.00 target price on Ulta Beauty and gave the stock a buy rating in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $291.39.

Shares of Ulta Beauty (NASDAQ ULTA) opened at 212.36 on Friday. Ulta Beauty has a 1-year low of $208.25 and a 1-year high of $314.86. The stock has a 50 day moving average price of $249.47 and a 200-day moving average price of $277.02. The stock has a market capitalization of $13.15 billion, a PE ratio of 28.27 and a beta of 0.57.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share for the quarter, beating 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 company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the firm earned $1.43 earnings per share. Ulta Beauty’s quarterly revenue was up 20.7% on a year-over-year basis. On average, analysts forecast that Ulta Beauty will post $8.33 earnings per share for the current year.

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

A number of hedge funds have recently made changes to their positions in ULTA. Vanguard Group Inc. boosted its stake in shares of Ulta Beauty by 3.1% in the second quarter. Vanguard Group Inc. now owns 5,738,059 shares of the specialty retailer’s stock worth $1,648,774,000 after buying an additional 173,627 shares during the period. BlackRock Inc. boosted its stake in shares of Ulta Beauty by 6.2% in the second quarter. BlackRock Inc. now owns 4,255,942 shares of the specialty retailer’s stock worth $1,222,902,000 after buying an additional 247,992 shares during the period. Jennison Associates LLC boosted its stake in shares of Ulta Beauty by 9.1% in the second quarter. Jennison Associates LLC now owns 2,468,332 shares of the specialty retailer’s stock worth $709,251,000 after buying an additional 205,289 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Ulta Beauty by 4.0% in the second quarter. JPMorgan Chase & Co. now owns 2,180,557 shares of the specialty retailer’s stock worth $626,560,000 after buying an additional 83,081 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Ulta Beauty by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 1,567,313 shares of the specialty retailer’s stock worth $447,047,000 after buying an additional 17,380 shares during the period. 87.15% of the stock is owned by hedge funds and other 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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