Ulta Beauty (ULTA) Raised to “Hold” at BidaskClub

Ulta Beauty (NASDAQ:ULTA) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

A number of other brokerages have also recently weighed in on ULTA. Piper Jaffray Companies reiterated a “hold” rating and issued a $230.00 target price on shares of Ulta Beauty in a report on Monday, January 22nd. Oppenheimer reiterated a “hold” rating and issued a $240.00 target price on shares of Ulta Beauty in a report on Thursday, January 18th. Morgan Stanley upgraded Ulta Beauty from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $235.00 to $245.00 in a report on Wednesday, January 17th. They noted that the move was a valuation call. Wells Fargo & Co set a $297.00 target price on Ulta Beauty and gave the company a “buy” rating in a report on Thursday, January 11th. Finally, Vetr upgraded Ulta Beauty from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 27th. Eleven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Ulta Beauty has a consensus rating of “Buy” and a consensus price target of $262.91.

Ulta Beauty (ULTA) opened at $218.59 on Wednesday. Ulta Beauty has a fifty-two week low of $187.96 and a fifty-two week high of $314.86. The firm has a market capitalization of $13,330.00, a price-to-earnings ratio of 27.95, a P/E/G ratio of 1.07 and a beta of 0.54.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, November 30th. The specialty retailer reported $1.70 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. research analysts expect that Ulta Beauty will post 8.36 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Engineers Gate Manager LP purchased a new stake in shares of Ulta Beauty during the fourth quarter worth about $6,354,000. Iberiabank Corp increased its position in shares of Ulta Beauty by 9.2% during the second quarter. Iberiabank Corp now owns 4,549 shares of the specialty retailer’s stock worth $1,307,000 after acquiring an additional 383 shares during the last quarter. HMS Capital Management LLC purchased a new stake in shares of Ulta Beauty during the third quarter worth about $1,417,000. BNP Paribas Arbitrage SA increased its position in shares of Ulta Beauty by 264.5% during the third quarter. BNP Paribas Arbitrage SA now owns 49,341 shares of the specialty retailer’s stock worth $11,742,000 after acquiring an additional 35,806 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Ulta Beauty by 2,189.2% during the first quarter. Renaissance Technologies LLC now owns 148,800 shares of the specialty retailer’s stock worth $28,829,000 after acquiring an additional 142,300 shares during the last quarter. 89.41% of the stock is currently owned by institutional investors.

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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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