Ulta Beauty (ULTA) Given a $305.00 Price Target by Nomura Analysts

Ulta Beauty (NASDAQ:ULTA) has been assigned a $305.00 price objective by research analysts at Nomura in a research note issued on Friday. The firm presently has a “buy” rating on the specialty retailer’s stock. Nomura’s price objective points to a potential upside of 19.86% from the stock’s current price.

ULTA has been the topic of several other research reports. Jefferies Financial Group set a $335.00 price objective on shares of Ulta Beauty and gave the stock a “buy” rating in a report on Friday, November 9th. Wells Fargo & Co set a $328.00 price objective on shares of Ulta Beauty and gave the stock a “buy” rating in a report on Friday. OTR Global downgraded shares of Ulta Beauty to a “positive” rating in a report on Wednesday, August 22nd. UBS Group upped their price objective on shares of Ulta Beauty from $285.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, September 7th. Finally, Loop Capital upped their price objective on shares of Ulta Beauty to $300.00 and gave the stock a “hold” rating in a report on Friday, November 9th. Eight investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Ulta Beauty currently has a consensus rating of “Buy” and an average target price of $286.96.

Shares of NASDAQ ULTA opened at $254.47 on Friday. The firm has a market cap of $17.51 billion, a P/E ratio of 31.19, a P/E/G ratio of 1.47 and a beta of 0.63. Ulta Beauty has a 12-month low of $191.70 and a 12-month high of $322.49.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, December 6th. The specialty retailer reported $2.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.02. Ulta Beauty had a net margin of 9.99% and a return on equity of 33.96%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the company posted $1.69 earnings per share. The business’s revenue was up 16.2% on a year-over-year basis. On average, analysts predict that Ulta Beauty will post 10.84 EPS for the current year.

In other news, Director Dennis K. Eck sold 35,000 shares of the stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $287.15, for a total value of $10,050,250.00. Following the completion of the sale, the director now owns 361,294 shares in the company, valued at $103,745,572.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Catherine Ann Halligan sold 129 shares of the stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $281.50, for a total transaction of $36,313.50. Following the completion of the sale, the director now owns 3,628 shares of the company’s stock, valued at approximately $1,021,282. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,407 shares of company stock valued at $19,028,318. 5.60% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc increased its holdings in Ulta Beauty by 13.6% during the second quarter. IFP Advisors Inc now owns 3,155 shares of the specialty retailer’s stock worth $737,000 after buying an additional 377 shares during the last quarter. Daiwa SB Investments Ltd. increased its holdings in Ulta Beauty by 9.2% during the third quarter. Daiwa SB Investments Ltd. now owns 3,790 shares of the specialty retailer’s stock worth $1,069,000 after buying an additional 320 shares during the last quarter. Royal London Asset Management Ltd. increased its holdings in Ulta Beauty by 9.0% during the third quarter. Royal London Asset Management Ltd. now owns 47,920 shares of the specialty retailer’s stock worth $13,517,000 after buying an additional 3,950 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in Ulta Beauty by 1.2% during the third quarter. State of Alaska Department of Revenue now owns 17,660 shares of the specialty retailer’s stock worth $4,980,000 after buying an additional 203 shares during the last quarter. Finally, Iberiabank Corp increased its holdings in Ulta Beauty by 99.1% during the third quarter. Iberiabank Corp now owns 13,214 shares of the specialty retailer’s stock worth $3,728,000 after buying an additional 6,577 shares during the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.

About Ulta Beauty

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.

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