Research Analysts’ Recent Ratings Updates for Ulta Beauty (ULTA)

A number of research firms have changed their ratings and price targets for Ulta Beauty (NASDAQ: ULTA):

  • 2/7/2018 – Ulta Beauty was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 2/5/2018 – Ulta Beauty was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $246.00 price target on the stock. According to Zacks, “Ulta Beauty has portrayed a splendid surprise history. While third-quarter fiscal 2017 marked the 16th straight quarter of earnings beat, the sales trend reversed after surpassing consensus mark for 15 consecutive quarters. Nevertheless, the company’s top and bottom lines grew year over year. Results in the quarter were fueled by market share gains and benefits from the loyalty program. Effective marketing initiatives, strength in prestige cosmetics, sturdy e-commerce business and superb salon operations also aided results. Notably, the company recorded 62.9% growth in e-commerce sales, which helped it to stand out amid intense online competition. Additionally, traffic remained favorable, which drove comps. Management reaffirmed its guidance for fiscal 2017. However, the company has lagged the industry in last six monthsdue ot strained margins. Furthermore, stiff competition remains a threat.”
  • 1/26/2018 – Ulta Beauty had its price target raised by analysts at JPMorgan Chase & Co. from $270.00 to $300.00. They now have an “overweight” rating on the stock.
  • 1/23/2018 – Ulta Beauty had its “buy” rating reaffirmed by analysts at Buckingham Research.
  • 1/22/2018 – Ulta Beauty had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $230.00 price target on the stock.
  • 1/18/2018 – Ulta Beauty had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $240.00 price target on the stock.
  • 1/17/2018 – Ulta Beauty was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $245.00 price target on the stock, up previously from $235.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/11/2018 – Ulta Beauty was given a new $297.00 price target on by analysts at Wells Fargo & Co. They now have a “buy” rating on the stock.
  • 1/3/2018 – Ulta Beauty was upgraded by analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating. They now have a $275.00 price target on the stock.
  • 12/27/2017 – Ulta Beauty was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating.
  • 12/19/2017 – Ulta Beauty was upgraded by analysts at Buckingham Research from a “neutral” rating to a “buy” rating. They now have a $225.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.

Shares of Ulta Beauty Inc (ULTA) opened at $218.55 on Monday. The company has a market cap of $13,330.00, a P/E ratio of 27.95, a P/E/G ratio of 1.06 and a beta of 0.54. Ulta Beauty Inc has a 1 year low of $187.96 and a 1 year high of $314.86.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $1.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.03. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. Ulta Beauty had a net margin of 8.82% and a return on equity of 29.64%. equities research analysts expect that Ulta Beauty Inc will post 8.35 EPS for the current year.

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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