Ulta Beauty (NASDAQ:ULTA) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Thursday.

Several other analysts have also recently issued reports on ULTA. Vetr upgraded shares of Ulta Beauty from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 27th. Wells Fargo upgraded shares of Ulta Beauty from a “market perform” rating to an “outperform” rating and set a $275.00 target price on the stock in a research report on Wednesday, January 3rd. Morgan Stanley upgraded shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $235.00 to $245.00 in a report on Wednesday, January 17th. They noted that the move was a valuation call. Oppenheimer reiterated a “hold” rating and set a $240.00 price target on shares of Ulta Beauty in a report on Thursday, January 18th. Finally, Piper Jaffray reiterated a “hold” rating and set a $230.00 price target on shares of Ulta Beauty in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $252.44.

Shares of NASDAQ ULTA opened at $248.81 on Thursday. The stock has a market cap of $14,741.34, a PE ratio of 29.75, a price-to-earnings-growth ratio of 1.26 and a beta of 0.68. Ulta Beauty has a 12-month low of $187.96 and a 12-month high of $314.86.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, March 15th. The specialty retailer reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.77 by ($0.02). The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Ulta Beauty had a net margin of 9.44% and a return on equity of 30.40%. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.24 earnings per share. sell-side analysts anticipate that Ulta Beauty will post 10.74 earnings per share for the current fiscal year.

Ulta Beauty declared that its Board of Directors has approved a share buyback program on Thursday, March 15th that authorizes the company to repurchase $625.00 million in outstanding shares. This repurchase authorization authorizes the specialty retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

In other Ulta Beauty news, CEO Mary N. Dillon sold 16,286 shares of the company’s stock in a transaction dated Thursday, April 5th. The shares were sold at an average price of $206.99, for a total value of $3,371,039.14. Following the transaction, the chief executive officer now directly owns 100,984 shares in the company, valued at approximately $20,902,678.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lorna Nagler sold 3,000 shares of the company’s stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $228.35, for a total transaction of $685,050.00. Following the completion of the transaction, the director now owns 8,336 shares in the company, valued at $1,903,525.60. The disclosure for this sale can be found here. Insiders sold a total of 41,286 shares of company stock worth $8,826,129 over the last 90 days. Insiders own 5.20% of the company’s stock.

A number of hedge funds have recently modified their holdings of ULTA. Dimensional Fund Advisors LP grew its stake in Ulta Beauty by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 230,487 shares of the specialty retailer’s stock worth $52,105,000 after acquiring an additional 694 shares in the last quarter. F&V Capital Management LLC boosted its stake in shares of Ulta Beauty by 39.1% during the fourth quarter. F&V Capital Management LLC now owns 1,645 shares of the specialty retailer’s stock valued at $368,000 after purchasing an additional 462 shares in the last quarter. Bath Savings Trust Co boosted its stake in shares of Ulta Beauty by 13.5% during the fourth quarter. Bath Savings Trust Co now owns 5,815 shares of the specialty retailer’s stock valued at $1,301,000 after purchasing an additional 690 shares in the last quarter. Jaffetilchin Investment Partners LLC boosted its stake in shares of Ulta Beauty by 353.2% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 4,083 shares of the specialty retailer’s stock valued at $913,000 after purchasing an additional 3,182 shares in the last quarter. Finally, First American Trust FSB bought a new position in shares of Ulta Beauty during the fourth quarter valued at approximately $2,869,000. Institutional investors and hedge funds own 92.63% 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.

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.