Robert W. Baird Analysts Give Ulta Beauty Inc. (ULTA) a $265.00 Price Target
Ulta Beauty Inc. (NASDAQ:ULTA) has been assigned a $265.00 price target by investment analysts at Robert W. Baird in a research note issued to investors on Monday. The brokerage currently has a “buy” rating on the specialty retailer’s stock. Robert W. Baird’s target price would suggest a potential upside of 30.34% from the stock’s previous close.
A number of other equities research analysts also recently issued reports on the company. Cowen and Company set a $336.00 price target on Ulta Beauty and gave the company a “buy” rating in a research note on Friday. Piper Jaffray Companies downgraded Ulta Beauty from an “overweight” rating to a “neutral” rating and set a $210.00 price target for the company. in a research note on Wednesday, October 18th. Oppenheimer Holdings, Inc. cut their price target on Ulta Beauty from $250.00 to $210.00 and set a “hold” rating for the company in a research note on Tuesday, October 17th. Goldman Sachs Group, Inc. (The) downgraded Ulta Beauty from a “conviction-buy” rating to a “buy” rating and cut their price objective for the company from $290.00 to $267.00 in a research note on Monday, October 16th. Finally, Cleveland Research downgraded Ulta Beauty from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $189.50 to $314.00 in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the stock. Ulta Beauty presently has an average rating of “Hold” and an average target price of $272.12.
Ulta Beauty (NASDAQ:ULTA) traded up 0.47% during midday trading on Monday, reaching $203.31. 669,185 shares of the company’s stock traded hands. Ulta Beauty has a one year low of $187.96 and a one year high of $314.86. The stock has a market cap of $12.49 billion, a PE ratio of 27.06 and a beta of 0.57. The stock’s 50 day moving average price is $217.74 and its 200-day moving average price is $259.20.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.05. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.43 EPS. Equities analysts predict that Ulta Beauty will post $8.38 earnings per share for the current year.
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In other news, Director Michael R. Macdonald acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were acquired at an average cost of $208.37 per share, with a total value of $416,740.00. Following the acquisition, the director now directly owns 6,224 shares of the company’s stock, valued at $1,296,894.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Charles Heilbronn acquired 127,889 shares of the firm’s stock in a transaction dated Friday, October 13th. The shares were purchased at an average cost of $195.21 per share, for a total transaction of $24,965,211.69. The disclosure for this purchase can be found here. 5.20% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Iberiabank Corp raised its holdings in shares of Ulta Beauty by 9.2% during the 2nd quarter. Iberiabank Corp now owns 4,549 shares of the specialty retailer’s stock worth $1,307,000 after acquiring an additional 383 shares in the last quarter. Covenant Asset Management LLC raised its holdings in shares of Ulta Beauty by 1.9% during the 2nd quarter. Covenant Asset Management LLC now owns 3,676 shares of the specialty retailer’s stock worth $1,056,000 after acquiring an additional 70 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Ulta Beauty by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 214,001 shares of the specialty retailer’s stock worth $61,039,000 after acquiring an additional 5,854 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Ulta Beauty during the 2nd quarter worth approximately $552,000. Finally, CIBC World Markets Inc. raised its holdings in shares of Ulta Beauty by 63.0% during the 2nd quarter. CIBC World Markets Inc. now owns 9,994 shares of the specialty retailer’s stock worth $2,872,000 after acquiring an additional 3,861 shares in the last quarter. 87.65% of the stock is currently 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.
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