Ulta Beauty, Inc. (NASDAQ:ULTA) Receives Average Recommendation of “Buy” from Analysts – Defense World

Posted by on Apr 16th, 2022
Shares of Ulta Beauty, Inc. (NASDAQ:ULTAGet Rating) have received a consensus recommendation of “Buy” from the twenty-four research firms that are presently covering the stock, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $446.64.
A number of research firms have recently commented on ULTA. Robert W. Baird lowered their price target on Ulta Beauty from $480.00 to $450.00 in a report on Friday, March 11th. Barclays boosted their price target on Ulta Beauty from $440.00 to $469.00 and gave the stock an “overweight” rating in a report on Monday, March 14th. Raymond James lowered their price target on Ulta Beauty from $485.00 to $450.00 and set an “outperform” rating for the company in a report on Wednesday, January 26th. Credit Suisse Group reissued a “buy” rating and set a $455.00 price target on shares of Ulta Beauty in a report on Friday, March 11th. Finally, Zacks Investment Research cut Ulta Beauty from a “strong-buy” rating to a “hold” rating and set a $391.00 price target for the company. in a report on Wednesday, February 2nd.
NASDAQ ULTA traded up $0.15 during midday trading on Monday, hitting $415.65. The company had a trading volume of 552,421 shares, compared to its average volume of 594,245. The company has a market capitalization of $21.75 billion, a PE ratio of 23.08, a P/E/G ratio of 2.18 and a beta of 1.65. The firm has a 50-day moving average price of $383.35 and a 200-day moving average price of $384.16. Ulta Beauty has a twelve month low of $299.77 and a twelve month high of $422.43.

Ulta Beauty (NASDAQ:ULTAGet Rating) last announced its quarterly earnings data on Thursday, March 10th. The specialty retailer reported $5.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.56 by $0.85. Ulta Beauty had a return on equity of 54.42% and a net margin of 11.42%. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same period in the previous year, the firm earned $3.41 EPS. The company’s quarterly revenue was up 24.1% compared to the same quarter last year. As a group, equities analysts predict that Ulta Beauty will post 18.54 EPS for the current fiscal year.
In other Ulta Beauty news, insider Jodi J. Caro sold 5,340 shares of the company’s stock in a transaction dated Wednesday, March 16th. The stock was sold at an average price of $384.54, for a total value of $2,053,443.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 3.10% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ULTA. MUFG Americas Holdings Corp lifted its stake in shares of Ulta Beauty by 536.4% in the 3rd quarter. MUFG Americas Holdings Corp now owns 70 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 59 shares during the period. Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in shares of Ulta Beauty in the 4th quarter valued at about $25,000. North Star Investment Management Corp. acquired a new position in shares of Ulta Beauty in the 4th quarter valued at about $27,000. Lumature Wealth Partners LLC acquired a new position in shares of Ulta Beauty in the 3rd quarter valued at about $29,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Ulta Beauty by 525.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 75 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 63 shares during the period. Hedge funds and other institutional investors own 88.92% of the company’s stock.
About Ulta Beauty (Get Rating)
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 nail services.
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Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)
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