Ulta Beauty Inc. (ULTA) Given a $225.00 Price Target at Buckingham Research

Buckingham Research set a $225.00 price target on Ulta Beauty Inc. (NASDAQ:ULTA) in a report issued on Friday. The firm currently has a hold rating on the specialty retailer’s stock.

Other analysts have also issued reports about the stock. Piper Jaffray Companies set a $333.00 price target on shares of Ulta Beauty and gave the stock a buy rating in a research report on Saturday, May 27th. Zacks Investment Research upgraded shares of Ulta Beauty from a hold rating to a buy rating and set a $329.00 price target on the stock in a research report on Monday, May 22nd. BMO Capital Markets set a $345.00 price target on shares of Ulta Beauty and gave the stock a buy rating in a research report on Saturday, May 27th. Jefferies Group LLC upgraded shares of Ulta Beauty from a hold rating to a buy rating and raised their price target for the stock from $266.00 to $350.00 in a research report on Friday, June 2nd. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Ulta Beauty from a neutral rating to a buy rating and set a $310.00 price target on the stock in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $294.32.

Ulta Beauty (ULTA) traded down 9.14% during mid-day trading on Friday, reaching $212.36. The company’s stock had a trading volume of 7,890,175 shares. Ulta Beauty has a 1-year low of $208.25 and a 1-year high of $314.86. The stock’s 50 day moving average price is $249.47 and its 200 day moving average price is $277.02. The stock has a market capitalization of $13.15 billion, a P/E ratio of 28.27 and a beta of 0.57. Ulta Beauty also saw unusually large options trading activity on Thursday. Traders purchased 23,425 put options on the stock. This represents an increase of 769% compared to the average volume of 2,696 put options.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.05. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.72%. The business’s quarterly revenue was up 20.7% on a year-over-year basis. During the same period last year, the business posted $1.43 EPS. Analysts expect that Ulta Beauty will post $8.32 EPS for the current fiscal year.

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

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Ulta Beauty by 2,734.8% in the first quarter. BlackRock Inc. now owns 4,007,950 shares of the specialty retailer’s stock valued at $1,143,188,000 after buying an additional 3,866,567 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Ulta Beauty by 137.3% in the second quarter. Wells Fargo & Company MN now owns 1,053,780 shares of the specialty retailer’s stock worth $302,792,000 after buying an additional 609,671 shares in the last quarter. Harbour Capital Advisors LLC increased its position in shares of Ulta Beauty by 28,419.1% in the second quarter. Harbour Capital Advisors LLC now owns 571,807 shares of the specialty retailer’s stock worth $1,990,000 after buying an additional 569,802 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Ulta Beauty by 1,786.4% in the first quarter. Wellington Management Group LLP now owns 449,648 shares of the specialty retailer’s stock worth $128,253,000 after buying an additional 425,812 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Ulta Beauty by 605.4% in the second quarter. Renaissance Technologies LLC now owns 389,400 shares of the specialty retailer’s stock worth $111,890,000 after buying an additional 334,198 shares in the last quarter. 85.68% of the stock is 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.