Ulta Beauty Inc. (ULTA) PT Set at $335.00 by Robert W. Baird

Ulta Beauty Inc. (NASDAQ:ULTA) has been given a $335.00 price target by investment analysts at Robert W. Baird in a report released on Wednesday. The firm currently has a “buy” rating on the specialty retailer’s stock. Robert W. Baird’s target price would indicate a potential upside of 43.34% from the company’s previous close.

A number of other brokerages have also recently issued reports on ULTA. Royal Bank Of Canada set a $310.00 target price on Ulta Beauty and gave the stock a “hold” rating in a report on Sunday, May 28th. Zacks Investment Research cut Ulta Beauty from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Oppenheimer Holdings, Inc. cut Ulta Beauty from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $330.00 to $270.00 in a report on Tuesday, August 8th. Jefferies Group LLC set a $350.00 target price on Ulta Beauty and gave the stock a “buy” rating in a report on Monday, August 14th. Finally, Piper Jaffray Companies set a $333.00 target price on Ulta Beauty and gave the stock a “buy” rating in a report on Saturday, May 27th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. Ulta Beauty presently has a consensus rating of “Hold” and a consensus target price of $316.68.

Ulta Beauty (NASDAQ ULTA) opened at 233.71 on Wednesday. The stock has a market cap of $14.50 billion, a price-to-earnings ratio of 32.82 and a beta of 0.57. The firm has a 50-day moving average price of $251.16 and a 200-day moving average price of $277.45. Ulta Beauty has a one year low of $225.13 and a one year high of $314.86.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.05. Ulta Beauty had a return on equity of 28.91% and a net margin of 8.75%. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the firm earned $1.43 EPS. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, equities analysts predict that Ulta Beauty will post $8.32 earnings per share for the current year.

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In related news, Director Catherine Ann Halligan sold 500 shares of the business’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $312.36, for a total transaction of $156,180.00. Following the transaction, the director now directly owns 4,126 shares in the company, valued at $1,288,797.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert F. Diromualdo sold 20,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $309.05, for a total value of $6,181,000.00. Following the transaction, the director now owns 4,717 shares in the company, valued at $1,457,788.85. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp raised its position in shares of Ulta Beauty by 11.2% in the first quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 40 shares in the last quarter. Sun Life Financial INC raised its position in shares of Ulta Beauty by 4,655.6% in the second quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock valued at $123,000 after buying an additional 419 shares in the last quarter. FNY Partners Fund LP purchased a new position in shares of Ulta Beauty during the first quarter valued at about $142,000. Lazard Asset Management LLC purchased a new position in shares of Ulta Beauty during the second quarter valued at about $157,000. Finally, NEXT Financial Group Inc raised its position in shares of Ulta Beauty by 18.0% in the first quarter. NEXT Financial Group Inc now owns 565 shares of the specialty retailer’s stock valued at $159,000 after buying an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 85.68% of the company’s stock.

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.