Telsey Advisory Group Reaffirms “Outperform” Rating for Ulta Beauty (NASDAQ:ULTA)

Ulta Beauty (NASDAQ:ULTA)‘s stock had its “outperform” rating restated by Telsey Advisory Group in a report released on Wednesday,Benzinga reports. They currently have a $450.00 target price on the specialty retailer’s stock. Telsey Advisory Group’s price objective suggests a potential upside of 19.92% from the company’s current price.

Other research analysts have also issued reports about the stock. DA Davidson dropped their price target on shares of Ulta Beauty from $507.00 to $435.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. TD Cowen reduced their price target on Ulta Beauty from $390.00 to $380.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Raymond James dropped their price objective on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Monday, October 14th. Loop Capital reduced their target price on Ulta Beauty from $520.00 to $450.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd. Finally, B. Riley started coverage on shares of Ulta Beauty in a research note on Tuesday, September 10th. They set a “sell” rating and a $300.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $420.71.

Ulta Beauty Trading Up 4.1 %

Shares of ULTA stock opened at $375.25 on Wednesday. The company has a market capitalization of $17.68 billion, a P/E ratio of 15.06, a price-to-earnings-growth ratio of 2.08 and a beta of 1.33. The business’s 50 day moving average is $374.43 and its two-hundred day moving average is $376.67. Ulta Beauty has a twelve month low of $318.17 and a twelve month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The firm had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the business earned $6.02 earnings per share. As a group, equities analysts predict that Ulta Beauty will post 23.07 earnings per share for the current fiscal year.

Institutional Trading of Ulta Beauty

Several hedge funds and other institutional investors have recently bought and sold shares of ULTA. UMB Bank n.a. boosted its holdings in shares of Ulta Beauty by 83.3% during the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 30 shares during the last quarter. LRI Investments LLC purchased a new stake in Ulta Beauty in the 1st quarter valued at about $31,000. Innealta Capital LLC acquired a new position in shares of Ulta Beauty during the 2nd quarter valued at about $32,000. Paladin Wealth LLC purchased a new position in shares of Ulta Beauty during the 3rd quarter worth about $32,000. Finally, Westside Investment Management Inc. boosted its position in shares of Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 50 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other 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.