Ulta Beauty Inc. (NASDAQ:ULTA)‘s stock had its “hold” rating reaffirmed by investment analysts at Royal Bank Of Canada in a note issued to investors on Thursday. They presently have a $310.00 target price on the specialty retailer’s stock. Royal Bank Of Canada’s price target points to a potential upside of 28.40% from the stock’s current price.

Several other equities research analysts have also issued reports on ULTA. Zacks Investment Research lowered Ulta Beauty from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Oppenheimer Holdings, Inc. lowered Ulta Beauty from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $330.00 to $270.00 in a research report on Tuesday, August 8th. Jefferies Group LLC set a $350.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research report on Monday. Piper Jaffray Companies set a $333.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research report on Saturday, May 27th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $345.00 target price on shares of Ulta Beauty in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. Ulta Beauty currently has an average rating of “Hold” and a consensus target price of $319.05.

Shares of Ulta Beauty (NASDAQ ULTA) traded down 0.82% during trading on Thursday, hitting $241.43. 678,547 shares of the stock were exchanged. The company has a market cap of $14.98 billion, a price-to-earnings ratio of 33.90 and a beta of 0.57. The firm has a 50 day moving average of $257.19 and a 200-day moving average of $278.73. Ulta Beauty has a 12-month low of $225.13 and a 12-month high of $314.86.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, May 25th. The specialty retailer reported $1.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.79 by $0.12. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. Ulta Beauty had a return on equity of 28.91% and a net margin of 8.75%. The business’s revenue was up 22.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.45 EPS. On average, analysts forecast that Ulta Beauty will post $8.32 earnings per share for the current year.

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In related news, Director Robert F. Diromualdo sold 20,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $309.05, for a total transaction of $6,181,000.00. Following the completion of the transaction, the director now owns 4,717 shares of the company’s stock, valued at $1,457,788.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Catherine Ann Halligan sold 500 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $312.36, for a total value of $156,180.00. Following the transaction, the director now directly owns 4,126 shares of the company’s stock, valued at approximately $1,288,797.36. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp boosted its position in shares of Ulta Beauty by 11.2% in the first quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 40 shares in the last quarter. Crestwood Advisors Group LLC purchased a new position in shares of Ulta Beauty during the first quarter valued at $120,000. Sun Life Financial INC boosted its position in shares of Ulta Beauty by 4,655.6% in the second quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock valued at $123,000 after buying an additional 419 shares in the last quarter. FNY Partners Fund LP purchased a new position in shares of Ulta Beauty during the first quarter valued at $142,000. Finally, Lazard Asset Management LLC purchased a new position in shares of Ulta Beauty during the second quarter valued at $157,000. 85.68% of the stock is owned by institutional investors and hedge funds.

About Ulta Beauty

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.

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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