Ulta Beauty (NASDAQ:ULTA)‘s stock had its “outperform” rating restated by analysts at Telsey Advisory Group in a research report issued to clients and investors on Friday. They currently have a $375.00 price target on the specialty retailer’s stock, up from their previous price target of $360.00. Telsey Advisory Group’s target price points to a potential upside of 10.81% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Loop Capital lowered their target price on Ulta Beauty to $265.00 and set an “average” rating for the company in a research note on Friday, December 14th. They noted that the move was a valuation call. Morgan Stanley set a $330.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research note on Sunday, December 9th. BidaskClub downgraded Ulta Beauty from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 28th. Nomura set a $305.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research note on Monday, November 26th. Finally, Zacks Investment Research reissued a “buy” rating and set a $316.00 target price on shares of Ulta Beauty in a research note on Saturday, November 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. Ulta Beauty currently has an average rating of “Buy” and a consensus price target of $306.25.

NASDAQ ULTA traded up $25.90 during trading on Friday, hitting $338.41. 3,880,955 shares of the company’s stock were exchanged, compared to its average volume of 805,111. The company has a market cap of $18.47 billion, a price-to-earnings ratio of 41.47, a PEG ratio of 1.33 and a beta of 1.01. Ulta Beauty has a fifty-two week low of $199.15 and a fifty-two week high of $345.24.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, March 14th. The specialty retailer reported $3.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.56 by $0.05. The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.11 billion. Ulta Beauty had a return on equity of 33.75% and a net margin of 9.99%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.75 earnings per share. As a group, equities research analysts forecast that Ulta Beauty will post 10.82 EPS for the current year.

A number of hedge funds have recently made changes to their positions in ULTA. Robeco Institutional Asset Management B.V. boosted its holdings in Ulta Beauty by 92.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 14,962 shares of the specialty retailer’s stock valued at $4,222,000 after acquiring an additional 7,184 shares during the last quarter. Private Advisor Group LLC bought a new position in shares of Ulta Beauty during the 3rd quarter worth approximately $358,000. Stratos Wealth Partners LTD. bought a new position in shares of Ulta Beauty during the 3rd quarter worth approximately $151,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Ulta Beauty by 26.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 9,548 shares of the specialty retailer’s stock worth $2,694,000 after buying an additional 1,994 shares in the last quarter. Finally, Gamco Investors INC. ET AL bought a new position in shares of Ulta Beauty during the 3rd quarter worth approximately $687,000. Institutional investors and hedge funds own 89.72% 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.

Further Reading: Return on Investment (ROI)

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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