Piper Jaffray Companies restated their buy rating on shares of Ulta Beauty Inc. (NASDAQ:ULTA) in a research report report published on Sunday morning. The firm currently has a $260.00 price objective on the specialty retailer’s stock.

ULTA has been the topic of a number of other research reports. Stifel Nicolaus restated a hold rating and set a $325.00 target price (up previously from $305.00) on shares of Ulta Beauty in a research note on Tuesday, June 6th. Guggenheim initiated coverage on Ulta Beauty in a research note on Tuesday, June 13th. They issued a neutral rating for the company. BidaskClub lowered Ulta Beauty from a buy rating to a hold rating in a research note on Tuesday, June 20th. Deutsche Bank AG reissued a hold rating and set a $300.00 price target on shares of Ulta Beauty in a report on Monday, June 26th. Finally, Wells Fargo & Company reissued a market perform rating and set a $290.00 price target on shares of Ulta Beauty in a report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $279.96.

Ulta Beauty (ULTA) opened at 227.62 on Friday. The firm has a 50-day moving average price of $226.02 and a 200-day moving average price of $266.91. The company has a market capitalization of $13.98 billion, a price-to-earnings ratio of 30.30 and a beta of 0.57. Ulta Beauty has a 52 week low of $204.01 and a 52 week high of $314.86.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share for the quarter, beating the 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 business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the firm earned $1.43 earnings per share. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. Analysts anticipate that Ulta Beauty will post $8.39 EPS for the current fiscal year.

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In related news, Director Michael R. Macdonald purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average price of $208.37 per share, for a total transaction of $416,740.00. Following the acquisition, the director now owns 6,224 shares of the company’s stock, valued at approximately $1,296,894.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 5.20% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp increased its position in Ulta Beauty by 11.2% during the first quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock valued at $114,000 after acquiring an additional 40 shares during the last quarter. Sun Life Financial INC raised its stake in shares of Ulta Beauty by 4,655.6% in the second quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock valued at $123,000 after acquiring an additional 419 shares during the period. FNY Partners Fund LP purchased a new stake in shares of Ulta Beauty in the first quarter valued at $142,000. Lazard Asset Management LLC purchased a new stake in shares of Ulta Beauty in the second quarter valued at $157,000. Finally, QS Investors LLC raised its stake in shares of Ulta Beauty by 0.8% in the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock valued at $210,000 after acquiring an additional 6 shares during the period. Institutional investors own 87.91% of the company’s stock.

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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