Shares of Ulta Beauty Inc (NASDAQ:ULTA) have been given a consensus rating of “Buy” by the twenty-nine analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $282.48.

A number of brokerages recently issued reports on ULTA. Piper Jaffray Companies raised their target price on Ulta Beauty to $325.00 and gave the stock an “overweight” rating in a research note on Monday. Jefferies Financial Group set a $335.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research note on Friday. Deutsche Bank set a $300.00 target price on Ulta Beauty and gave the stock a “hold” rating in a research note on Friday. Loop Capital raised their target price on Ulta Beauty to $300.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Wells Fargo & Co set a $336.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research note on Friday.

In related news, Director Dennis K. Eck sold 35,000 shares of Ulta Beauty stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $287.15, for a total value of $10,050,250.00. Following the completion of the transaction, the director now owns 361,294 shares in the company, valued at approximately $103,745,572.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dennis K. Eck sold 31,278 shares of Ulta Beauty stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $285.88, for a total value of $8,941,754.64. Following the completion of the transaction, the director now owns 334,778 shares of the company’s stock, valued at approximately $95,706,334.64. The disclosure for this sale can be found here. Insiders have sold a total of 68,407 shares of company stock valued at $19,580,698 in the last quarter. Company insiders own 5.60% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Huntington National Bank increased its stake in shares of Ulta Beauty by 120.0% in the 2nd quarter. Huntington National Bank now owns 440 shares of the specialty retailer’s stock valued at $103,000 after purchasing an additional 240 shares in the last quarter. Rational Advisors LLC increased its stake in shares of Ulta Beauty by 539.7% in the 3rd quarter. Rational Advisors LLC now owns 371 shares of the specialty retailer’s stock valued at $105,000 after purchasing an additional 313 shares in the last quarter. Altman Advisors Inc. increased its stake in shares of Ulta Beauty by 315.5% in the 2nd quarter. Altman Advisors Inc. now owns 32,854 shares of the specialty retailer’s stock valued at $142,000 after purchasing an additional 24,947 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Ulta Beauty in the 2nd quarter valued at about $151,000. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of Ulta Beauty in the 3rd quarter valued at about $151,000. Hedge funds and other institutional investors own 90.96% of the company’s stock.

Shares of Ulta Beauty stock traded up $4.25 during trading on Thursday, reaching $313.24. The company’s stock had a trading volume of 49,797 shares, compared to its average volume of 1,040,761. The stock has a market capitalization of $18.42 billion, a price-to-earnings ratio of 38.28, a PEG ratio of 1.54 and a beta of 0.60. Ulta Beauty has a 1-year low of $191.70 and a 1-year high of $312.38.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, August 30th. The specialty retailer reported $2.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.41 by $0.05. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. Ulta Beauty had a return on equity of 33.29% and a net margin of 9.91%. As a group, equities research analysts forecast that Ulta Beauty will post 10.85 EPS for the current year.

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.

Featured Story: Market Capitalization and Individual Investors

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.