Piper Jaffray Companies set a $270.00 price target on Ulta Beauty (NASDAQ:ULTA) in a report released on Tuesday. The brokerage currently has a buy rating on the specialty retailer’s stock.

Several other brokerages have also weighed in on ULTA. OTR Global raised shares of Ulta Beauty to a positive rating in a report on Monday, May 21st. Goldman Sachs Group lowered shares of Ulta Beauty from a buy rating to a neutral rating and raised their price objective for the stock from $241.00 to $272.00 in a report on Tuesday, June 5th. Zacks Investment Research lowered shares of Ulta Beauty from a buy rating to a hold rating in a report on Thursday, July 19th. Buckingham Research raised their price objective on shares of Ulta Beauty from $270.00 to $300.00 and gave the stock a buy rating in a report on Wednesday, May 30th. Finally, Robert W. Baird set a $290.00 price objective on shares of Ulta Beauty and gave the stock a buy rating in a report on Wednesday, May 30th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $265.32.

Shares of ULTA stock opened at $242.47 on Tuesday. The firm has a market cap of $14.54 billion, a price-to-earnings ratio of 29.71, a P/E/G ratio of 1.20 and a beta of 0.72. Ulta Beauty has a 1-year low of $187.96 and a 1-year high of $261.40.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, May 31st. The specialty retailer reported $2.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.48 by $0.22. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.52 billion. Ulta Beauty had a net margin of 9.67% and a return on equity of 32.15%. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period last year, the business earned $1.91 EPS. sell-side analysts predict that Ulta Beauty will post 10.84 earnings per share for the current year.

In other news, Director Vanessa Ames Wittman sold 600 shares of the firm’s stock in a transaction dated Friday, June 8th. The shares were sold at an average price of $249.94, for a total value of $149,964.00. Following the transaction, the director now directly owns 2,785 shares in the company, valued at approximately $696,082.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dennis K. Eck sold 3,500 shares of the firm’s stock in a transaction dated Friday, June 22nd. The stock was sold at an average price of $251.53, for a total transaction of $880,355.00. Following the completion of the transaction, the director now owns 380,294 shares in the company, valued at $95,655,349.82. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,432 shares of company stock worth $20,206,877. Insiders own 5.60% of the company’s stock.

Large investors have recently modified their holdings of the stock. Wells Fargo & Company MN lifted its position in Ulta Beauty by 4.1% in the 2nd quarter. Wells Fargo & Company MN now owns 743,233 shares of the specialty retailer’s stock valued at $173,515,000 after purchasing an additional 29,590 shares during the last quarter. Capital One National Association bought a new stake in Ulta Beauty in the 2nd quarter valued at about $205,000. Atria Investments LLC bought a new stake in Ulta Beauty in the 2nd quarter valued at about $1,567,000. Emerald Advisers Inc. PA bought a new stake in Ulta Beauty in the 2nd quarter valued at about $1,141,000. Finally, Exane Derivatives bought a new stake in Ulta Beauty in the 2nd quarter valued at about $1,121,000. Hedge funds and other institutional investors own 89.59% of the company’s stock.

About Ulta Beauty

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.

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Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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