Ulta Beauty (NASDAQ:ULTA) Rating Reiterated by Oppenheimer

Ulta Beauty (NASDAQ:ULTA)‘s stock had its “outperform” rating reaffirmed by research analysts at Oppenheimer in a research note issued on Wednesday, Benzinga reports. They currently have a $435.00 target price on the specialty retailer’s stock. Oppenheimer’s price objective indicates a potential upside of 17.02% from the stock’s previous close.

A number of other brokerages also recently issued reports on ULTA. Barclays raised their price target on Ulta Beauty from $328.00 to $335.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. Telsey Advisory Group lowered their target price on shares of Ulta Beauty from $500.00 to $450.00 and set an “outperform” rating for the company in a report on Friday, August 30th. The Goldman Sachs Group reduced their price objective on shares of Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Robert W. Baird decreased their price objective on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a research note on Friday, August 23rd. Finally, Stifel Nicolaus cut their target price on Ulta Beauty from $475.00 to $385.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $423.71.

Ulta Beauty Stock Down 0.4 %

Ulta Beauty stock opened at $371.72 on Wednesday. The company’s 50-day moving average price is $372.98 and its 200-day moving average price is $388.43. The company has a market cap of $17.52 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 2.12 and a beta of 1.32. Ulta Beauty has a twelve month low of $318.17 and a twelve month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the previous year, the firm earned $6.02 earnings per share. The company’s revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts expect that Ulta Beauty will post 23.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Choreo LLC grew its stake in Ulta Beauty by 71.7% in the second quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock valued at $1,103,000 after purchasing an additional 1,198 shares during the last quarter. Duality Advisers LP grew its position in shares of Ulta Beauty by 92.8% in the 1st quarter. Duality Advisers LP now owns 7,278 shares of the specialty retailer’s stock worth $3,806,000 after buying an additional 3,504 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Ulta Beauty by 10.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,799 shares of the specialty retailer’s stock worth $46,954,000 after acquiring an additional 8,337 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Ulta Beauty during the second quarter valued at approximately $19,136,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in Ulta Beauty by 5.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,778 shares of the specialty retailer’s stock valued at $1,072,000 after acquiring an additional 139 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

About Ulta Beauty

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.