Ulta Beauty (ULTA) Rating Reiterated by Oppenheimer

Ulta Beauty (NASDAQ:ULTA)‘s stock had its “hold” rating reiterated by research analysts at Oppenheimer in a research report issued on Thursday. They currently have a $240.00 price objective on the specialty retailer’s stock. Oppenheimer’s price target suggests a potential downside of 1.69% from the stock’s current price.

Several other analysts have also recently commented on ULTA. Piper Jaffray Companies restated a “buy” rating and set a $260.00 target price on shares of Ulta Beauty in a report on Sunday, October 1st. Morgan Stanley upgraded Ulta Beauty from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $235.00 to $245.00 in a report on Wednesday. They noted that the move was a valuation call. Robert W. Baird set a $295.00 target price on Ulta Beauty and gave the stock a “buy” rating in a report on Sunday, October 1st. Royal Bank of Canada restated a “hold” rating on shares of Ulta Beauty in a report on Wednesday, September 27th. Finally, Cowen set a $246.00 target price on Ulta Beauty and gave the stock a “buy” rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Ulta Beauty has a consensus rating of “Buy” and an average price target of $262.96.

Ulta Beauty (NASDAQ ULTA) opened at $244.13 on Thursday. Ulta Beauty has a 12 month low of $187.96 and a 12 month high of $314.86. The stock has a market capitalization of $14,890.00, a price-to-earnings ratio of 31.22, a price-to-earnings-growth ratio of 1.47 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, topping the 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%. equities research analysts expect that Ulta Beauty will post 8.35 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. QS Investors LLC boosted its holdings in Ulta Beauty by 0.8% during the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after buying an additional 6 shares during the last quarter. Ashford Capital Management Inc. boosted its holdings in Ulta Beauty by 2.2% during the second quarter. Ashford Capital Management Inc. now owns 2,428 shares of the specialty retailer’s stock worth $698,000 after buying an additional 53 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in Ulta Beauty by 0.7% during the second quarter. Cubist Systematic Strategies LLC now owns 7,977 shares of the specialty retailer’s stock worth $2,292,000 after buying an additional 56 shares during the last quarter. Zacks Investment Management boosted its holdings in Ulta Beauty by 1.8% during the second quarter. Zacks Investment Management now owns 5,327 shares of the specialty retailer’s stock worth $1,531,000 after buying an additional 94 shares during the last quarter. Finally, Veritable L.P. boosted its holdings in Ulta Beauty by 9.1% during the second quarter. Veritable L.P. now owns 1,141 shares of the specialty retailer’s stock worth $328,000 after buying an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 88.72% 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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