Ulta Beauty (NASDAQ:ULTA) PT Raised to $490.00

Ulta Beauty (NASDAQ:ULTA – Get Rating) had its price objective raised by stock analysts at DA Davidson from $465.00 to $490.00 in a note issued to investors on Thursday, Stock Target Advisor reports. The firm presently has a “buy” rating on the specialty retailer’s stock. DA Davidson’s price target indicates a potential upside of 14.72% from the company’s previous close.

Several other research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Ulta Beauty from a “hold” rating to a “strong-buy” rating and set a $468.00 target price on the stock in a research note on Thursday, June 2nd. Oppenheimer increased their target price on shares of Ulta Beauty from $470.00 to $485.00 and gave the stock an “outperform” rating in a research note on Friday, May 27th. Citigroup upped their price objective on shares of Ulta Beauty from $393.00 to $425.00 and gave the stock a “neutral” rating in a report on Tuesday, May 31st. Jefferies Financial Group upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and upped their price objective for the stock from $400.00 to $475.00 in a report on Friday, May 27th. Finally, Barclays upped their price objective on shares of Ulta Beauty from $469.00 to $491.00 and gave the stock an “overweight” rating in a report on Tuesday, May 31st. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $458.36.

NASDAQ ULTA traded up $1.73 on Thursday, hitting $427.12. 22,323 shares of the company were exchanged, compared to its average volume of 1,076,984. The company has a market cap of $22.13 billion, a PE ratio of 21.13, a PEG ratio of 1.97 and a beta of 1.54. Ulta Beauty has a 12 month low of $319.05 and a 12 month high of $438.63. The stock has a fifty day moving average of $398.06 and a 200-day moving average of $387.77.

Ulta Beauty (NASDAQ:ULTA – Get Rating) last issued its earnings results on Thursday, May 26th. The specialty retailer reported $6.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $1.84. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.12 billion. Ulta Beauty had a net margin of 12.03% and a return on equity of 60.83%. Ulta Beauty’s revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the firm earned $4.10 earnings per share. As a group, research analysts anticipate that Ulta Beauty will post 20.07 earnings per share for the current year.

In other Ulta Beauty news, COO Kecia Steelman sold 13,199 shares of the stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $405.02, for a total transaction of $5,345,858.98. Following the completion of the transaction, the chief operating officer now owns 16,627 shares in the company, valued at $6,734,267.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jodi J. Caro sold 5,340 shares of the stock in a transaction dated Wednesday, March 16th. The stock was sold at an average price of $384.54, for a total transaction of $2,053,443.60. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC boosted its position in shares of Ulta Beauty by 4.4% in the first quarter. Signaturefd LLC now owns 617 shares of the specialty retailer’s stock valued at $246,000 after acquiring an additional 26 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Ulta Beauty by 59.1% in the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 26 shares during the period. J2 Capital Management Inc boosted its position in shares of Ulta Beauty by 3.7% in the first quarter. J2 Capital Management Inc now owns 817 shares of the specialty retailer’s stock valued at $325,000 after acquiring an additional 29 shares during the period. Salem Investment Counselors Inc. boosted its position in shares of Ulta Beauty by 12.9% in the fourth quarter. Salem Investment Counselors Inc. now owns 263 shares of the specialty retailer’s stock valued at $108,000 after acquiring an additional 30 shares during the period. Finally, Moors & Cabot Inc. boosted its position in shares of Ulta Beauty by 3.5% in the third quarter. Moors & Cabot Inc. now owns 947 shares of the specialty retailer’s stock valued at $343,000 after acquiring an additional 32 shares during the period. Institutional investors own 89.20% of the company’s stock.

About Ulta Beauty (Get Rating)

Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services.

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