Ulta Beauty (NASDAQ:ULTA) had its price target lifted by investment analysts at UBS Group from $395.00 to $415.00 in a research report issued on Friday, The Fly reports. The brokerage currently has a “buy” rating on the specialty retailer’s stock. UBS Group’s price objective indicates a potential upside of 11.59% from the company’s current price.

A number of other analysts have also recently weighed in on ULTA. Loop Capital increased their price target on shares of Ulta Beauty from $320.00 to $340.00 and gave the stock a “hold” rating in a research note on Friday, May 28th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Ulta Beauty from $365.00 to $410.00 and gave the stock a “buy” rating in a research note on Friday, May 28th. Wells Fargo & Company upped their price objective on shares of Ulta Beauty from $365.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, May 28th. Piper Sandler upped their price objective on shares of Ulta Beauty from $361.00 to $386.00 and gave the stock an “overweight” rating in a research report on Friday, May 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Ulta Beauty from $357.00 to $379.00 and gave the stock an “overweight” rating in a research report on Thursday, May 27th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Ulta Beauty presently has a consensus rating of “Buy” and a consensus target price of $353.62.

Shares of Ulta Beauty stock opened at $371.91 on Friday. The firm has a fifty day moving average of $341.59. Ulta Beauty has a 12-month low of $200.50 and a 12-month high of $372.22. The firm has a market cap of $20.37 billion, a PE ratio of 43.30, a price-to-earnings-growth ratio of 1.68 and a beta of 1.70.

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Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Wednesday, May 26th. The specialty retailer reported $4.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.92 by $2.18. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Ulta Beauty had a net margin of 7.01% and a return on equity of 29.86%. Ulta Beauty’s quarterly revenue was up 65.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.39) EPS. On average, sell-side analysts expect that Ulta Beauty will post 12.17 earnings per share for the current year.

In other Ulta Beauty news, Director Michael R. Macdonald sold 5,700 shares of the firm’s stock in a transaction dated Thursday, August 5th. The shares were sold at an average price of $350.04, for a total transaction of $1,995,228.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey J. Childs sold 4,863 shares of the firm’s stock in a transaction dated Thursday, June 3rd. The shares were sold at an average price of $334.30, for a total transaction of $1,625,700.90. Following the transaction, the insider now owns 10,265 shares of the company’s stock, valued at $3,431,589.50. The disclosure for this sale can be found here. Insiders sold a total of 92,821 shares of company stock valued at $30,405,297 in the last quarter. Insiders own 3.10% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Algert Global LLC boosted its stake in shares of Ulta Beauty by 66.0% during the 1st quarter. Algert Global LLC now owns 4,355 shares of the specialty retailer’s stock worth $1,346,000 after purchasing an additional 1,732 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Ulta Beauty by 2.6% during the 1st quarter. Geode Capital Management LLC now owns 960,717 shares of the specialty retailer’s stock worth $296,242,000 after purchasing an additional 24,225 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Ulta Beauty by 14.4% during the 1st quarter. Royal Bank of Canada now owns 140,211 shares of the specialty retailer’s stock worth $43,347,000 after purchasing an additional 17,675 shares during the last quarter. Zevin Asset Management LLC boosted its stake in shares of Ulta Beauty by 3.1% during the 1st quarter. Zevin Asset Management LLC now owns 34,706 shares of the specialty retailer’s stock worth $10,730,000 after purchasing an additional 1,045 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Ulta Beauty by 1,456.2% during the 1st quarter. Cubist Systematic Strategies LLC now owns 60,256 shares of the specialty retailer’s stock worth $18,629,000 after purchasing an additional 56,384 shares during the last quarter. 90.14% of the stock is currently owned by institutional investors.

About Ulta Beauty

Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company’s stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.

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Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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