Ulta Beauty Inc (ULTA) PT Set at $325.00 by Robert W. Baird
Ulta Beauty Inc (NASDAQ:ULTA) has been given a $325.00 price target by equities researchers at Robert W. Baird in a report issued on Thursday. The brokerage presently has an “outperform” rating on the specialty retailer’s stock. Robert W. Baird’s price target would suggest a potential upside of 7.47% from the stock’s current price.
Several other analysts also recently commented on the stock. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $315.00 target price (up previously from $300.00) on shares of Ulta Beauty in a report on Tuesday, March 7th. Loop Capital reaffirmed a “hold” rating and set a $285.00 target price on shares of Ulta Beauty in a report on Friday, April 7th. Jefferies Group LLC set a $266.00 target price on shares of Ulta Beauty and gave the stock a “hold” rating in a report on Thursday, April 27th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Ulta Beauty in a report on Tuesday, May 2nd. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $295.00 target price on shares of Ulta Beauty in a report on Saturday, March 11th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Ulta Beauty currently has a consensus rating of “Buy” and an average price target of $310.79.
Shares of Ulta Beauty (NASDAQ:ULTA) traded up 3.19% on Thursday, hitting $302.40. 2,858,743 shares of the stock were exchanged. Ulta Beauty has a one year low of $225.13 and a one year high of $310.00. The company has a 50-day moving average price of $288.71 and a 200-day moving average price of $272.36. The firm has a market capitalization of $18.78 billion, a PE ratio of 42.47 and a beta of 0.65. Ulta Beauty also was the target of unusually large options trading activity on Wednesday. Investors bought 552 call options on the stock. This is an increase of approximately 145% compared to the average daily volume of 225 call options.
Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, May 25th. The specialty retailer reported $1.91 EPS for the quarter, topping the consensus estimate of $1.79 by $0.12. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. Ulta Beauty had a net margin of 8.31% and a return on equity of 26.87%. Ulta Beauty’s revenue was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.45 EPS. Equities research analysts expect that Ulta Beauty will post $8.09 earnings per share for the current year.
In other news, Director Robert F. Diromualdo sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $285.15, for a total value of $14,257,500.00. Following the completion of the transaction, the director now directly owns 4,309 shares in the company, valued at approximately $1,228,711.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dennis K. Eck sold 6,400 shares of the business’s stock in a transaction that occurred on Monday, March 27th. The shares were sold at an average price of $281.52, for a total transaction of $1,801,728.00. Following the completion of the transaction, the director now owns 472,029 shares of the company’s stock, valued at $132,885,604.08. The disclosure for this sale can be found here. Insiders sold a total of 150,534 shares of company stock valued at $42,979,662 over the last 90 days. Corporate insiders own 6.90% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Bank of Nova Scotia boosted its position in shares of Ulta Beauty by 876.3% in the first quarter. Bank of Nova Scotia now owns 13,375 shares of the specialty retailer’s stock valued at $3,815,000 after buying an additional 12,005 shares during the last quarter. Ashford Capital Management Inc. boosted its position in shares of Ulta Beauty by 156.2% in the first quarter. Ashford Capital Management Inc. now owns 2,375 shares of the specialty retailer’s stock valued at $677,000 after buying an additional 1,448 shares during the last quarter. FNY Partners Fund LP purchased a new position in shares of Ulta Beauty during the first quarter valued at approximately $142,000. Driehaus Capital Management LLC boosted its position in shares of Ulta Beauty by 62.8% in the first quarter. Driehaus Capital Management LLC now owns 9,354 shares of the specialty retailer’s stock valued at $2,668,000 after buying an additional 3,607 shares during the last quarter. Finally, Harbour Capital Advisors LLC purchased a new position in shares of Ulta Beauty during the first quarter valued at approximately $572,000. Institutional investors own 86.21% of the company’s stock.
Ulta Beauty Company Profile
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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