Shares of Ulta Beauty Inc. (NASDAQ:ULTA) have received an average rating of “Hold” from the twenty-five research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $282.88.

A number of analysts recently issued reports on the company. KeyCorp reiterated a “buy” rating and set a $270.00 price objective (down from $300.00) on shares of Ulta Beauty in a research note on Tuesday. Piper Jaffray Companies reiterated a “buy” rating and set a $260.00 target price on shares of Ulta Beauty in a research report on Sunday. Zacks Investment Research downgraded shares of Ulta Beauty from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Robert W. Baird set a $295.00 price objective on shares of Ulta Beauty and gave the stock a “buy” rating in a report on Sunday. Finally, Oppenheimer Holdings, Inc. lowered shares of Ulta Beauty from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $330.00 to $270.00 in a research report on Tuesday, August 8th.

Ulta Beauty (NASDAQ:ULTA) opened at 227.62 on Wednesday. Ulta Beauty has a one year low of $204.01 and a one year high of $314.86. The firm has a 50-day moving average price of $226.02 and a 200-day moving average price of $266.91. The firm has a market capitalization of $13.98 billion, a price-to-earnings ratio of 30.30 and a beta of 0.57.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the firm posted $1.43 EPS. Ulta Beauty’s revenue was up 20.7% on a year-over-year basis. Analysts expect that Ulta Beauty will post $8.39 EPS for the current year.

In related news, Director Michael R. Macdonald bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average cost of $208.37 per share, with a total value of $416,740.00. Following the acquisition, the director now owns 6,224 shares in the company, valued at $1,296,894.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.20% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in ULTA. Vanguard Group Inc. raised its stake in shares of Ulta Beauty by 3.1% in the second quarter. Vanguard Group Inc. now owns 5,738,059 shares of the specialty retailer’s stock worth $1,648,774,000 after buying an additional 173,627 shares during the period. BlackRock Inc. lifted its position in shares of Ulta Beauty by 6.2% during the 2nd quarter. BlackRock Inc. now owns 4,255,942 shares of the specialty retailer’s stock valued at $1,222,902,000 after buying an additional 247,992 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Ulta Beauty by 9.1% during the 2nd quarter. Jennison Associates LLC now owns 2,468,332 shares of the specialty retailer’s stock valued at $709,251,000 after buying an additional 205,289 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Ulta Beauty by 4.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,180,557 shares of the specialty retailer’s stock valued at $626,560,000 after buying an additional 83,081 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Ulta Beauty by 31.9% during the 2nd quarter. Alliancebernstein L.P. now owns 1,311,030 shares of the specialty retailer’s stock valued at $376,711,000 after buying an additional 317,441 shares in the last quarter. 87.91% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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