Ulta Beauty (NASDAQ:ULTA)‘s stock had its “hold” rating reaffirmed by equities research analysts at Oppenheimer in a report released on Thursday. They presently have a $240.00 price objective on the specialty retailer’s stock. Oppenheimer’s target price indicates a potential downside of 1.69% from the company’s previous close.

A number of other equities research analysts have also issued reports on ULTA. Wolfe Research reissued an “outperform” rating on shares of Ulta Beauty in a research report on Friday, September 22nd. Royal Bank of Canada reissued a “hold” rating on shares of Ulta Beauty in a research report on Wednesday, September 27th. Piper Jaffray Companies reissued a “buy” rating and issued a $260.00 target price on shares of Ulta Beauty in a research report on Sunday, October 1st. Robert W. Baird set a $295.00 target price on Ulta Beauty and gave the company a “buy” rating in a research report on Sunday, October 1st. Finally, KeyCorp restated a “buy” rating and issued a $270.00 price target (down from $300.00) on shares of Ulta Beauty in a research note on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $262.96.

Shares of Ulta Beauty (NASDAQ:ULTA) opened at $244.13 on Thursday. Ulta Beauty has a 1 year low of $187.96 and a 1 year high of $314.86. The stock has a market capitalization of $14,890.00, a P/E ratio of 31.22, a P/E/G ratio of 1.47 and a beta of 0.55.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, November 30th. The specialty retailer reported $1.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.03. Ulta Beauty had a return on equity of 29.64% and a net margin of 8.82%. equities research analysts anticipate that Ulta Beauty will post 8.35 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake in Ulta Beauty by 199.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,681 shares of the specialty retailer’s stock valued at $2,535,000 after purchasing an additional 7,114 shares during the period. State of Alaska Department of Revenue boosted its stake in Ulta Beauty by 119.5% in the 4th quarter. State of Alaska Department of Revenue now owns 12,067 shares of the specialty retailer’s stock valued at $2,697,000 after purchasing an additional 6,570 shares during the period. Fox Run Management L.L.C. bought a new stake in Ulta Beauty in the 4th quarter valued at $681,000. Schwab Charles Investment Management Inc. boosted its stake in Ulta Beauty by 2.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 193,994 shares of the specialty retailer’s stock valued at $43,389,000 after purchasing an additional 4,229 shares during the period. Finally, National Pension Service boosted its stake in Ulta Beauty by 19.4% in the 4th quarter. National Pension Service now owns 72,200 shares of the specialty retailer’s stock valued at $16,148,000 after purchasing an additional 11,743 shares during the period. Institutional investors own 88.72% of the company’s stock.

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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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