Ulta Beauty, Inc. (NASDAQ:ULTA) Given Average Recommendation of “Hold” by Analysts

Shares of Ulta Beauty, Inc. (NASDAQ:ULTA) 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.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Janiczek Wealth Management LLC raised its position in shares of Ulta Beauty by 32.5% during the first quarter. Janiczek Wealth Management LLC now owns 102 shares of the specialty retailer’s stock worth $53,000 after purchasing an additional 25 shares during the period. Meeder Advisory Services Inc. boosted its stake in shares of Ulta Beauty by 5.8% in the first quarter. Meeder Advisory Services Inc. now owns 478 shares of the specialty retailer’s stock valued at $250,000 after buying an additional 26 shares during the period. Sage Capital Advisors llc raised its stake in Ulta Beauty by 5.4% in the second quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer’s stock valued at $203,000 after purchasing an additional 27 shares in the last quarter. UMB Bank n.a. increased its stake in Ulta Beauty by 83.3% in the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 30 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its stake in Ulta Beauty by 5.0% in the second quarter. AdvisorNet Financial Inc now owns 695 shares of the specialty retailer’s stock valued at $268,000 after buying an additional 33 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

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) 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.