Ulta Beauty, Inc. (NASDAQ: ULTA) receives an average “buy” recommendation from analysts

Shares of Ulta Beauty, Inc. (NASDAQ: ULTA – Get Rating) received a “Buy” consensus recommendation from the twenty-four research firms currently hedging the stock, MarketBeat Ratings reports. Ten research analysts rated the stock with a hold rating and twelve assigned the company a buy rating. The 12-month average price target among brokers who have updated their coverage on the stock over the past year is $ 446.64.

Several research firms have recently commented on ULTA. Robert W. Baird lowered Ulta Beauty’s target price from $ 480.00 to $ 450.00 in a report on Friday, March 11. Barclays raised its price target on Ulta Beauty from $ 440.00 to $ 469.00 and gave the stock an “overweight” rating in a report on Monday, March 14. Raymond James lowered Ulta Beauty’s price target from $ 485.00 to $ 450.00 and set an “outperform” rating for the company in a report on Wednesday, Jan. 26. Credit Suisse Group reissued a “buy” rating and set a price target of $ 455.00 on Ulta Beauty shares in a report on Friday, March 11. Finally, Zacks Investment Research cut Ulta Beauty from a “strong-buy” rating to a “hold” rating and set a price target of $ 391.00 for the company. in a report on Wednesday 2 February.

NASDAQ ULTA is trading higher by $ 0.15 during Monday’s midday trading, reaching $ 415.65. The company had a trading volume of 552,421 shares, compared to its average volume of 594,245. The company has a market capitalization of $ 21.75 billion, a PE ratio of 23.08, a P / E / G ratio of 2.18, and a beta of 1.65. The company has a 50-day moving average price of $ 383.35 and a 200-day moving average price of $ 384.16. Ulta Beauty has a twelve-month low of $ 299.77 and a twelve-month high of $ 422.43.

Ulta Beauty (NASDAQ: ULTA – Get Rating) last announced its quarterly earnings data on Thursday, March 10. The specialty retailer posted earnings per share of $ 5.41 for the quarter, beating Thomson Reuters’ consensus estimate of $ 4.56 by $ 0.85. Ulta Beauty had a return on equity of 54.42% and a net margin of 11.42%. The company reported revenue of $ 2.73 billion during the quarter, compared with analysts’ expectations of $ 2.69 billion. In the same period of the previous year, the company earned $ 3.41 EPS. The company’s quarterly revenue increased 24.1% from the same quarter last year. As a group, equity analysts expect Ulta Beauty to post EPS 18.54 for the current fiscal year.

In other news from Ulta Beauty, insider Jodi J. Caro sold 5,340 shares of the company in a transaction dated Wednesday, March 16. The stock sold at an average price of $ 384.54, for a total value of $ 2,053,443.60. The transaction was disclosed in a SEC filed document, available on the SEC’s website. Insiders own 3.10% of the company’s shares.

Several hedge funds and other institutional investors have recently increased or decreased their holdings in ULTA. MUFG Americas Holdings Corp increased its stake in Ulta Beauty shares by 536.4% in Q3. MUFG Americas Holdings Corp now owns 70 shares of the specialty dealer valued at $ 25,000 after purchasing an additional 59 shares during the period. Dixon Hughes Goodman Wealth Advisors LLC acquired a new equity position in Ulta Beauty in Q4 valued at approximately $ 25,000. North Star Investment Management Corp. acquired a new stock position in Ulta Beauty in Q4 valued at approximately $ 27,000. Lumature Wealth Partners LLC acquired a new equity position in Ulta Beauty in Q3 valued at approximately $ 29,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Ulta Beauty by 525.0% in Q4. Whittier Trust Co. of Nevada Inc. now owns 75 shares of the specialty dealer worth $ 31,000 after purchasing an additional 63 shares during the period. Hedge funds and other institutional investors own 88.92% of the company’s shares.

About Ulta Beauty (Get evaluation)

Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company’s stores offer cosmetics, fragrances, skin and hair care products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, make-up and eyebrows; and nail services.

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