Ulta Beauty Inc (NASDAQ:ULTA) has been assigned an average rating of “Buy” from the thirty-three analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eighteen have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $254.32.

Several research analysts recently commented on ULTA shares. JPMorgan Chase & Co. cut their price target on Ulta Beauty from $269.00 to $244.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 25th. Wells Fargo & Company increased their target price on Ulta Beauty from $250.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Cowen reiterated a “buy” rating and issued a $280.00 target price on shares of Ulta Beauty in a research report on Tuesday, August 4th. Morgan Stanley upped their price target on Ulta Beauty from $225.00 to $240.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 8th. Finally, Loop Capital raised their price objective on Ulta Beauty from $210.00 to $230.00 and gave the stock a “hold” rating in a research note on Friday, May 29th.

Shares of NASDAQ:ULTA traded down $2.97 during trading on Friday, hitting $231.76. The company’s stock had a trading volume of 48,490 shares, compared to its average volume of 1,223,646. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.35 and a current ratio of 2.64. Ulta Beauty has a fifty-two week low of $124.05 and a fifty-two week high of $304.65. The stock’s 50-day moving average price is $220.74 and its two-hundred day moving average price is $212.53. The company has a market capitalization of $13.22 billion, a PE ratio of 48.00, a PEG ratio of 4.01 and a beta of 1.49.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 27th. The specialty retailer reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.63. Ulta Beauty had a return on equity of 18.00% and a net margin of 4.41%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the previous year, the firm posted $2.76 earnings per share. The company’s revenue was down 28.0% compared to the same quarter last year. On average, equities analysts predict that Ulta Beauty will post 4.51 earnings per share for the current fiscal year.

In related news, Director Catherine Ann Halligan sold 250 shares of Ulta Beauty stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $230.00, for a total transaction of $57,500.00. Following the sale, the director now directly owns 2,500 shares in the company, valued at $575,000. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lorna Nagler sold 3,000 shares of Ulta Beauty stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $240.94, for a total transaction of $722,820.00. Following the sale, the director now owns 9,963 shares in the company, valued at $2,400,485.22. The disclosure for this sale can be found here. Company insiders own 4.70% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Harbor Investment Advisory LLC raised its stake in shares of Ulta Beauty by 60.4% during the first quarter. Harbor Investment Advisory LLC now owns 178 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 67 shares in the last quarter. WASHINGTON TRUST Co bought a new stake in shares of Ulta Beauty during the second quarter valued at about $38,000. Column Capital Advisors LLC raised its stake in shares of Ulta Beauty by 287.3% during the first quarter. Column Capital Advisors LLC now owns 244 shares of the specialty retailer’s stock valued at $43,000 after purchasing an additional 181 shares in the last quarter. NuWave Investment Management LLC bought a new stake in shares of Ulta Beauty during the second quarter valued at about $61,000. Finally, Financial Management Professionals Inc. raised its stake in shares of Ulta Beauty by 546.8% during the second quarter. Financial Management Professionals Inc. now owns 304 shares of the specialty retailer’s stock valued at $62,000 after purchasing an additional 257 shares in the last quarter. Institutional investors and hedge funds own 85.99% 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, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.

Read More: How to Invest in an Index Fund

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.