Piper Jaffray Companies set a $268.00 price target on Ulta Beauty (NASDAQ:ULTA) in a research note published on Tuesday morning. The firm currently has a buy rating on the specialty retailer’s stock.

Several other research analysts also recently issued reports on the stock. BidaskClub downgraded shares of Ulta Beauty from a hold rating to a sell rating in a report on Saturday, February 17th. Morgan Stanley restated a buy rating on shares of Ulta Beauty in a report on Wednesday, March 7th. Zacks Investment Research upgraded shares of Ulta Beauty from a hold rating to a buy rating and set a $246.00 price objective on the stock in a report on Monday, February 5th. ValuEngine cut shares of Ulta Beauty from a hold rating to a sell rating in a research note on Thursday, March 1st. Finally, Vetr raised shares of Ulta Beauty from a buy rating to a strong-buy rating and set a $237.11 target price on the stock in a research note on Monday, April 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Ulta Beauty presently has a consensus rating of Buy and an average target price of $262.55.

Ulta Beauty opened at $246.91 on Tuesday, Marketbeat.com reports. Ulta Beauty has a 52-week low of $187.96 and a 52-week high of $314.86. The stock has a market cap of $15.35 billion, a PE ratio of 30.26, a P/E/G ratio of 1.27 and a beta of 0.64.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, May 31st. The specialty retailer reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.22. Ulta Beauty had a net margin of 9.44% and a return on equity of 30.40%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the firm posted $1.91 EPS. The business’s revenue was up 17.4% compared to the same quarter last year. equities research analysts forecast that Ulta Beauty will post 10.77 earnings per share for the current year.

Ulta Beauty announced that its Board of Directors has authorized a stock buyback program on Thursday, March 15th that permits the company to buyback $625.00 million in outstanding shares. This buyback authorization permits the specialty retailer to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

In other Ulta Beauty news, Director Lorna Nagler sold 3,000 shares of the company’s stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $228.35, for a total transaction of $685,050.00. Following the sale, the director now directly owns 8,336 shares of the company’s stock, valued at $1,903,525.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mary N. Dillon sold 16,286 shares of the company’s stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $206.99, for a total transaction of $3,371,039.14. Following the sale, the chief executive officer now directly owns 100,984 shares in the company, valued at $20,902,678.16. The disclosure for this sale can be found here. Insiders have sold 41,286 shares of company stock worth $8,826,129 over the last ninety days. Insiders own 5.60% of the company’s stock.

Several hedge funds have recently made changes to their positions in ULTA. CI Global Investments Inc. acquired a new position in shares of Ulta Beauty during the fourth quarter worth approximately $135,756,000. HS Management Partners LLC lifted its position in shares of Ulta Beauty by 208.7% during the fourth quarter. HS Management Partners LLC now owns 699,365 shares of the specialty retailer’s stock worth $156,420,000 after purchasing an additional 472,850 shares in the last quarter. Millennium Management LLC lifted its position in shares of Ulta Beauty by 1,094.2% during the fourth quarter. Millennium Management LLC now owns 362,115 shares of the specialty retailer’s stock worth $80,991,000 after purchasing an additional 331,792 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of Ulta Beauty by 111.3% during the fourth quarter. TIAA CREF Investment Management LLC now owns 591,905 shares of the specialty retailer’s stock worth $132,385,000 after purchasing an additional 311,725 shares in the last quarter. Finally, Two Creeks Capital Management LP acquired a new position in shares of Ulta Beauty during the fourth quarter worth approximately $64,358,000. Institutional investors own 89.84% of the company’s stock.

Ulta Beauty Company Profile

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.