Ulta Beauty Inc. (NASDAQ:ULTA) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Ulta Beauty Inc. (NASDAQ:ULTA) have received an average rating of “Moderate Buy” from the twenty-eight research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation, fifteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $626.84.

Several research analysts have recently commented on ULTA shares. Oppenheimer lifted their price target on Ulta Beauty from $675.00 to $750.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Canaccord Genuity Group lifted their target price on shares of Ulta Beauty from $653.00 to $674.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ulta Beauty in a report on Wednesday, January 21st. Robert W. Baird set a $700.00 price target on shares of Ulta Beauty in a research note on Wednesday, December 17th. Finally, Evercore lifted their price target on shares of Ulta Beauty from $640.00 to $660.00 and gave the company an “outperform” rating in a research report on Friday, December 5th.

Hedge Funds Weigh In On Ulta Beauty

Several large investors have recently modified their holdings of ULTA. Fideuram Asset Management Ireland dac purchased a new stake in Ulta Beauty in the 4th quarter valued at about $25,000. Strengthening Families & Communities LLC increased its position in shares of Ulta Beauty by 4,200.0% during the fourth quarter. Strengthening Families & Communities LLC now owns 43 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 42 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Ulta Beauty in the 3rd quarter valued at approximately $25,000. Steigerwald Gordon & Koch Inc. lifted its holdings in shares of Ulta Beauty by 2,550.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 53 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 51 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Ulta Beauty by 107.7% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 54 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 28 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $653.64 on Friday. Ulta Beauty has a one year low of $309.01 and a one year high of $714.97. The stock has a market cap of $29.00 billion, a PE ratio of 25.06, a P/E/G ratio of 3.08 and a beta of 0.82. The stock has a 50 day moving average price of $663.60 and a 200 day moving average price of $582.51.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.61 by $0.53. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.70 billion. Ulta Beauty had a return on equity of 46.33% and a net margin of 9.93%.The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.14 earnings per share. As a group, analysts predict that Ulta Beauty will post 23.96 earnings per share for the current fiscal year.

Ulta Beauty Company Profile

Ulta Beauty, Inc (NASDAQ: ULTA) is a U.S.-based specialty retailer and beauty services provider focused on cosmetics, fragrance, skin care, hair care, bath and body, and beauty tools. The company operates a dual-format business that combines brick-and-mortar retail stores with an e-commerce platform, offering a broad assortment of national, prestige and mass-market brands alongside its own private-label products. In many locations Ulta also provides full-service salon treatments, positioning the company as a one-stop destination for product discovery and in-store services.

The retailer’s product mix spans color cosmetics, haircare and styling products, skin and body care, fragrance, and accessories, catering to a wide range of consumer preferences and price points.