Ulta Beauty, Inc. (NASDAQ:ULTA) Receives $427.13 Average PT from Analysts

Shares of Ulta Beauty, Inc. (NASDAQ:ULTA) have received an average recommendation of “Hold” from the twenty-four ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $427.13.

A number of equities research analysts recently issued reports on ULTA shares. Barclays decreased their price objective on shares of Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Bank of America decreased their target price on Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Morgan Stanley lowered their price target on Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Finally, Canaccord Genuity Group decreased their price objective on shares of Ulta Beauty from $538.00 to $526.00 and set a “buy” rating for the company in a report on Friday, March 14th.

Ulta Beauty Trading Down 0.4 %

ULTA opened at $370.34 on Friday. Ulta Beauty has a 1 year low of $309.01 and a 1 year high of $529.67. The stock has a fifty day moving average price of $374.58 and a 200 day moving average price of $386.37. The stock has a market cap of $17.17 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping analysts’ consensus estimates of $7.13 by $1.33. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.08 earnings per share. As a group, sell-side analysts forecast that Ulta Beauty will post 23.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fairtree Asset Management Pty Ltd acquired a new stake in shares of Ulta Beauty in the 4th quarter valued at $668,000. Lansforsakringar Fondforvaltning AB publ bought a new position in Ulta Beauty during the 4th quarter valued at about $6,565,000. Berkeley Inc boosted its position in Ulta Beauty by 75.8% in the fourth quarter. Berkeley Inc now owns 10,440 shares of the specialty retailer’s stock valued at $4,541,000 after buying an additional 4,501 shares in the last quarter. Siemens Fonds Invest GmbH boosted its position in Ulta Beauty by 1,015.9% in the fourth quarter. Siemens Fonds Invest GmbH now owns 11,851 shares of the specialty retailer’s stock valued at $5,154,000 after buying an additional 10,789 shares in the last quarter. Finally, GHE LLC grew its stake in Ulta Beauty by 17.9% during the fourth quarter. GHE LLC now owns 4,076 shares of the specialty retailer’s stock worth $1,773,000 after buying an additional 620 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

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.