Ulta Beauty’s (ULTA) “Hold” Rating Reiterated at Piper Jaffray Companies

Ulta Beauty (NASDAQ:ULTA)‘s stock had its “hold” rating restated by stock analysts at Piper Jaffray Companies in a report issued on Monday. They presently have a $230.00 target price on the specialty retailer’s stock. Piper Jaffray Companies’ target price would suggest a potential downside of 2.13% from the stock’s current price.

ULTA has been the subject of a number of other research reports. Oppenheimer reissued a “hold” rating and set a $240.00 target price on shares of Ulta Beauty in a research report on Thursday. Morgan Stanley raised shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $235.00 to $245.00 in a research report on Wednesday, January 17th. They noted that the move was a valuation call. Wells Fargo & Co set a $297.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Thursday, January 11th. Robert W. Baird set a $295.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Sunday, October 1st. Finally, Vetr raised shares of Ulta Beauty from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Ulta Beauty presently has an average rating of “Buy” and an average price target of $264.10.

Ulta Beauty (NASDAQ ULTA) traded down $9.12 during trading on Monday, hitting $235.01. The stock had a trading volume of 1,973,183 shares, compared to its average volume of 1,160,000. Ulta Beauty has a one year low of $187.96 and a one year high of $314.86. The firm has a market capitalization of $14,330.00, a P/E ratio of 30.05, a P/E/G ratio of 1.51 and a beta of 0.55.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $1.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.03. Ulta Beauty had a return on equity of 29.64% and a net margin of 8.82%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. analysts forecast that Ulta Beauty will post 8.35 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its holdings in shares of Ulta Beauty by 58.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,390,665 shares of the specialty retailer’s stock worth $314,378,000 after purchasing an additional 512,315 shares in the last quarter. Old Mutual Global Investors UK Ltd. lifted its holdings in shares of Ulta Beauty by 173.8% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 527,993 shares of the specialty retailer’s stock worth $119,358,000 after purchasing an additional 335,148 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Ulta Beauty by 162.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 482,329 shares of the specialty retailer’s stock worth $109,033,000 after purchasing an additional 298,725 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Ulta Beauty by 605.4% in the 2nd quarter. Renaissance Technologies LLC now owns 389,400 shares of the specialty retailer’s stock worth $111,890,000 after purchasing an additional 334,198 shares in the last quarter. Finally, Alecta Pensionsforsakring Omsesidigt bought a new position in shares of Ulta Beauty in the 3rd quarter worth $83,642,000. Institutional investors own 88.75% of the company’s stock.

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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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