Shares of Ulta Beauty Inc. (NASDAQ:ULTA) have received an average recommendation of “Hold” from the twenty-four ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $280.49.

Several equities research analysts recently issued reports on ULTA shares. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $330.00 price objective (up from $315.00) on shares of Ulta Beauty in a research report on Wednesday, May 17th. Zacks Investment Research cut shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. Edward Jones cut shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Wednesday, May 24th. Robert W. Baird set a $325.00 price objective on shares of Ulta Beauty and gave the stock an “outperform” rating in a research report on Thursday, May 25th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $360.00 price objective (up from $320.00) on shares of Ulta Beauty in a research report on Friday, May 26th.

Ulta Beauty (NASDAQ ULTA) opened at 226.98 on Friday. Ulta Beauty has a one year low of $204.01 and a one year high of $314.86. The company’s 50-day moving average is $238.80 and its 200 day moving average is $273.71. The company has a market capitalization of $14.06 billion, a P/E ratio of 30.22 and a beta of 0.57.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.05. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the business earned $1.43 earnings per share. Ulta Beauty’s revenue was up 20.7% compared to the same quarter last year. On average, equities analysts anticipate that Ulta Beauty will post $8.38 earnings per share for the current year.

In other news, Director Michael R. Macdonald purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was bought at an average price of $208.37 per share, for a total transaction of $416,740.00. Following the completion of the purchase, the director now directly owns 6,224 shares of the company’s stock, valued at $1,296,894.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.20% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. QS Investors LLC lifted its stake in Ulta Beauty by 0.8% in the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after acquiring an additional 6 shares during the last quarter. Balasa Dinverno & Foltz LLC lifted its stake in Ulta Beauty by 1.0% in the second quarter. Balasa Dinverno & Foltz LLC now owns 999 shares of the specialty retailer’s stock worth $287,000 after acquiring an additional 10 shares during the last quarter. Wendell David Associates Inc. lifted its stake in Ulta Beauty by 1.3% in the second quarter. Wendell David Associates Inc. now owns 1,291 shares of the specialty retailer’s stock worth $371,000 after acquiring an additional 16 shares during the last quarter. Chase Investment Counsel Corp lifted its stake in Ulta Beauty by 1.1% in the second quarter. Chase Investment Counsel Corp now owns 1,683 shares of the specialty retailer’s stock worth $483,000 after acquiring an additional 18 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. lifted its stake in Ulta Beauty by 0.7% in the second quarter. Candriam Luxembourg S.C.A. now owns 3,645 shares of the specialty retailer’s stock worth $1,047,000 after acquiring an additional 25 shares during the last quarter. Institutional investors own 87.16% of the company’s stock.

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Ulta Beauty Company Profile

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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