Vetr upgraded shares of Ulta Beauty (NASDAQ:ULTA) from a hold rating to a buy rating in a research report report published on Wednesday morning. They currently have $228.97 target price on the specialty retailer’s stock.
A number of other research firms have also commented on ULTA. Buckingham Research reaffirmed a buy rating on shares of Ulta Beauty in a report on Tuesday, January 23rd. Zacks Investment Research lowered shares of Ulta Beauty from a buy rating to a hold rating in a report on Tuesday, March 13th. Loop Capital set a $300.00 price target on shares of Ulta Beauty and gave the stock a buy rating in a research report on Sunday, December 3rd. Wells Fargo set a $297.00 price target on shares of Ulta Beauty and gave the stock a buy rating in a research report on Thursday, January 11th. Finally, BidaskClub cut shares of Ulta Beauty from a hold rating to a sell rating in a research report on Saturday, February 17th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $250.64.
Shares of ULTA stock opened at $213.00 on Wednesday. Ulta Beauty has a fifty-two week low of $187.96 and a fifty-two week high of $314.86. The company has a market cap of $13,149.96, a price-to-earnings ratio of 23.72, a price-to-earnings-growth ratio of 1.12 and a beta of 0.62.
Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, March 15th. The specialty retailer reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.02). Ulta Beauty had a return on equity of 30.40% and a net margin of 9.44%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the firm posted $2.24 EPS. Ulta Beauty’s revenue was up 22.6% on a year-over-year basis. equities research analysts predict that Ulta Beauty will post 10.67 earnings per share for the current year.
Ulta Beauty announced that its Board of Directors has approved a stock repurchase program on Thursday, March 15th that allows the company to buyback $625.00 million in outstanding shares. This buyback authorization allows the specialty retailer to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Large investors have recently modified their holdings of the business. Captrust Financial Advisors bought a new stake in Ulta Beauty during the 4th quarter worth about $153,000. ACG Wealth bought a new stake in Ulta Beauty during the 4th quarter worth about $216,000. Sapphire Star Partners LP bought a new stake in Ulta Beauty during the 4th quarter worth about $224,000. BancorpSouth Bank bought a new stake in Ulta Beauty during the 4th quarter worth about $230,000. Finally, Bluestein R H & Co. bought a new stake in Ulta Beauty during the 4th quarter worth about $233,000. 91.94% of the stock is currently owned by hedge funds and other institutional investors.
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.
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