Ulta Beauty, Inc. (NASDAQ:ULTA) Receives $436.83 Consensus Target Price from Analysts

Shares of Ulta Beauty, Inc. (NASDAQ:ULTA) have been assigned an average recommendation of “Moderate Buy” from the twenty-three analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $430.74.

Several analysts have weighed in on the company. Stifel Nicolaus lowered their price objective on Ulta Beauty from $475.00 to $385.00 and set a “hold” rating for the company in a research report on Friday, August 30th. UBS Group lowered their price objective on Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a research report on Friday, August 30th. DA Davidson lowered their price objective on Ulta Beauty from $507.00 to $435.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Wells Fargo & Company lowered their price objective on Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating for the company in a research report on Friday, August 30th. Finally, StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th.

Insider Transactions at Ulta Beauty

In other news, Director Catherine Ann Halligan sold 100 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total value of $39,008.00. Following the sale, the director now directly owns 2,017 shares of the company’s stock, valued at $786,791.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Catherine Ann Halligan sold 100 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total value of $39,008.00. Following the sale, the director now directly owns 2,017 shares of the company’s stock, valued at $786,791.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jodi J. Caro sold 650 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total value of $252,642.00. Following the transaction, the insider now directly owns 6,801 shares in the company, valued at $2,643,412.68. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Nvwm LLC lifted its holdings in shares of Ulta Beauty by 2.1% during the fourth quarter. Nvwm LLC now owns 1,043 shares of the specialty retailer’s stock valued at $511,000 after purchasing an additional 21 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in Ulta Beauty by 41.2% in the fourth quarter. Manchester Capital Management LLC now owns 72 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 21 shares during the period. Nkcfo LLC lifted its holdings in Ulta Beauty by 14.4% in the fourth quarter. Nkcfo LLC now owns 183 shares of the specialty retailer’s stock valued at $90,000 after acquiring an additional 23 shares during the period. Janiczek Wealth Management LLC lifted its holdings in Ulta Beauty by 32.5% in the first quarter. Janiczek Wealth Management LLC now owns 102 shares of the specialty retailer’s stock valued at $53,000 after acquiring an additional 25 shares during the period. Finally, Bfsg LLC lifted its holdings in Ulta Beauty by 0.4% in the first quarter. Bfsg LLC now owns 6,284 shares of the specialty retailer’s stock valued at $3,286,000 after acquiring an additional 26 shares during the period. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $367.59 on Monday. The business has a 50 day moving average of $369.52 and a 200 day moving average of $418.53. The company has a market capitalization of $17.32 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 2.10 and a beta of 1.31. Ulta Beauty has a 1-year low of $318.17 and a 1-year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the previous year, the firm earned $6.02 EPS. The business’s quarterly revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ulta Beauty will post 23.24 EPS for the current year.

About Ulta Beauty

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.