Ulta Beauty (ULTA) Raised to Buy at BidaskClub

BidaskClub upgraded shares of Ulta Beauty (NASDAQ:ULTA) from a hold rating to a buy rating in a research report released on Wednesday.

A number of other research analysts also recently commented on ULTA. ValuEngine downgraded shares of Ulta Beauty from a buy rating to a hold rating in a research note on Friday, December 7th. Zacks Investment Research reiterated a buy rating and set a $316.00 price objective on shares of Ulta Beauty in a research note on Saturday, November 17th. Loop Capital reduced their price objective on shares of Ulta Beauty to $265.00 and set an average rating on the stock in a research note on Friday, December 14th. They noted that the move was a valuation call. Piper Jaffray Companies set a $312.00 price objective on shares of Ulta Beauty and gave the company a buy rating in a research note on Thursday, November 8th. Finally, Oppenheimer reduced their price target on shares of Ulta Beauty from $375.00 to $340.00 and set an outperform rating on the stock in a research report on Tuesday, December 11th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $288.84.

NASDAQ ULTA opened at $284.11 on Wednesday. Ulta Beauty has a 12 month low of $191.70 and a 12 month high of $322.49. The firm has a market cap of $16.68 billion, a price-to-earnings ratio of 34.82, a P/E/G ratio of 1.41 and a beta of 0.94.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, December 6th. The specialty retailer reported $2.18 EPS for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.02. Ulta Beauty had a net margin of 9.99% and a return on equity of 33.75%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the firm posted $1.69 EPS. The firm’s revenue was up 16.2% compared to the same quarter last year. On average, equities research analysts predict that Ulta Beauty will post 10.82 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. Signaturefd LLC lifted its position in Ulta Beauty by 13.8% in the 3rd quarter. Signaturefd LLC now owns 1,521 shares of the specialty retailer’s stock valued at $429,000 after purchasing an additional 185 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Ulta Beauty by 1.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 17,660 shares of the specialty retailer’s stock valued at $4,980,000 after purchasing an additional 203 shares during the last quarter. Atria Investments LLC lifted its position in Ulta Beauty by 3.5% in the 3rd quarter. Atria Investments LLC now owns 6,946 shares of the specialty retailer’s stock valued at $1,960,000 after purchasing an additional 234 shares during the last quarter. Wendell David Associates Inc. lifted its position in Ulta Beauty by 7.8% in the 3rd quarter. Wendell David Associates Inc. now owns 3,335 shares of the specialty retailer’s stock valued at $941,000 after purchasing an additional 240 shares during the last quarter. Finally, Gulf International Bank UK Ltd lifted its position in Ulta Beauty by 1.3% in the 3rd quarter. Gulf International Bank UK Ltd now owns 18,712 shares of the specialty retailer’s stock valued at $5,279,000 after purchasing an additional 249 shares during the last quarter. Hedge funds and other institutional investors own 89.46% 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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Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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