Ulta Beauty (NASDAQ:ULTA) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

ULTA has been the topic of several other research reports. Jefferies Financial Group set a $335.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Friday, November 9th. Wells Fargo & Co reduced their price target on shares of Ulta Beauty from $336.00 to $328.00 and set an “outperform” rating on the stock in a research report on Friday, December 7th. Morgan Stanley set a $330.00 price target on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Sunday, December 9th. Loop Capital upped their price target on shares of Ulta Beauty to $300.00 and gave the stock a “hold” rating in a research report on Friday, November 9th. Finally, ValuEngine downgraded shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Friday, December 7th. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Ulta Beauty currently has a consensus rating of “Buy” and a consensus target price of $288.84.

NASDAQ ULTA traded up $0.72 during trading on Wednesday, reaching $277.75. The company’s stock had a trading volume of 7,640 shares, compared to its average volume of 853,457. The stock has a market capitalization of $16.68 billion, a PE ratio of 33.94, a price-to-earnings-growth ratio of 1.41 and a beta of 0.94. Ulta Beauty has a 1-year low of $191.70 and a 1-year high of $322.49.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, December 6th. The specialty retailer reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.02. Ulta Beauty had a return on equity of 33.75% and a net margin of 9.99%. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter last year, the business earned $1.69 EPS. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. On average, analysts expect that Ulta Beauty will post 10.82 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ULTA. Waddell & Reed Financial Inc. acquired a new stake in Ulta Beauty during the 2nd quarter worth about $125,933,000. FMR LLC lifted its stake in Ulta Beauty by 35.5% in the 3rd quarter. FMR LLC now owns 1,285,561 shares of the specialty retailer’s stock worth $362,682,000 after purchasing an additional 336,985 shares in the last quarter. Frontier Capital Management Co. LLC purchased a new position in Ulta Beauty in the 3rd quarter worth approximately $79,932,000. Davidson Kempner Capital Management LP purchased a new position in Ulta Beauty in the 2nd quarter worth approximately $40,856,000. Finally, Marshall Wace LLP purchased a new position in Ulta Beauty in the 3rd quarter worth approximately $44,356,000. 89.46% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Company Profile

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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