Wells Fargo & Co set a $297.00 price objective on Ulta Beauty (NASDAQ:ULTA) in a research note published on Thursday morning. The firm currently has a buy rating on the specialty retailer’s stock.

Several other brokerages have also commented on ULTA. Cowen set a $336.00 price objective on shares of Ulta Beauty and gave the stock a buy rating in a report on Friday, October 20th. Loop Capital set a $300.00 price objective on shares of Ulta Beauty and gave the stock a buy rating in a report on Sunday, December 3rd. Buckingham Research upgraded shares of Ulta Beauty from a neutral rating to a buy rating and set a $225.00 price objective for the company in a report on Tuesday, December 19th. They noted that the move was a valuation call. Cleveland Research lowered shares of Ulta Beauty from a buy rating to a neutral rating and upped their price objective for the stock from $189.50 to $314.00 in a report on Thursday, October 12th. Finally, Vetr raised shares of Ulta Beauty from a buy rating to a strong-buy rating and set a $254.50 target price on the stock in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $261.05.

Shares of Ulta Beauty (ULTA) traded up $4.17 during midday trading on Thursday, reaching $237.32. 1,086,600 shares of the company’s stock traded hands, compared to its average volume of 1,460,000. Ulta Beauty has a 1-year low of $187.96 and a 1-year high of $314.86. The company has a market cap of $14,480.00, a price-to-earnings ratio of 30.35, a PEG ratio of 1.45 and a beta of 0.55.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $1.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.03. Ulta Beauty had a net margin of 8.82% and a return on equity of 29.64%. analysts predict that Ulta Beauty will post 8.43 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Ulta Beauty by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 5,738,059 shares of the specialty retailer’s stock valued at $1,648,774,000 after purchasing an additional 173,627 shares during the last quarter. BlackRock Inc. grew its position in Ulta Beauty by 6.2% during the 2nd quarter. BlackRock Inc. now owns 4,255,942 shares of the specialty retailer’s stock valued at $1,222,902,000 after purchasing an additional 247,992 shares during the last quarter. Ameriprise Financial Inc. grew its position in Ulta Beauty by 58.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,390,665 shares of the specialty retailer’s stock valued at $314,378,000 after purchasing an additional 512,315 shares during the last quarter. Old Mutual Global Investors UK Ltd. grew its position in Ulta Beauty by 173.8% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 527,993 shares of the specialty retailer’s stock valued at $119,358,000 after purchasing an additional 335,148 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in Ulta Beauty by 162.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 482,329 shares of the specialty retailer’s stock valued at $109,033,000 after purchasing an additional 298,725 shares during the last quarter. 88.72% of the stock is currently owned by institutional investors.

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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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