Shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Get Free Report) have been assigned a consensus rating of “Hold” from the twenty-four brokerages that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $420.71.
A number of research firms recently issued reports on ULTA. The Goldman Sachs Group decreased their price target on shares of Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. B. Riley assumed coverage on shares of Ulta Beauty in a report on Tuesday, September 10th. They set a “sell” rating and a $300.00 price objective for the company. Piper Sandler raised their price objective on Ulta Beauty from $356.00 to $357.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Citigroup dropped their target price on shares of Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating on the stock in a research note on Friday, August 30th. Finally, Robert W. Baird cut their target price on Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a research note on Friday, August 23rd.
Read Our Latest Analysis on Ulta Beauty
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Ulta Beauty Stock Performance
Shares of Ulta Beauty stock opened at $369.20 on Tuesday. The stock has a market capitalization of $17.40 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 2.12 and a beta of 1.32. The stock has a 50 day moving average price of $374.89 and a two-hundred day moving average price of $385.46. Ulta Beauty has a 52 week low of $318.17 and a 52 week high of $574.76.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last released its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.47 by ($0.17). The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company earned $6.02 earnings per share. Research analysts forecast that Ulta Beauty will post 23.06 EPS for the current year.
Ulta Beauty Company Profile
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.
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