Wolfe Research reissued their outperform rating on shares of Ulta Beauty Inc. (NASDAQ:ULTA) in a report released on Friday morning.

ULTA has been the subject of a number of other research reports. Piper Jaffray Companies restated an overweight rating and set a $260.00 target price (down previously from $330.00) on shares of Ulta Beauty in a research report on Tuesday, September 5th. Robert W. Baird restated an outperform rating and set a $295.00 target price (down previously from $335.00) on shares of Ulta Beauty in a research report on Friday, August 25th. They noted that the move was a valuation call. BMO Capital Markets restated an outperform rating and set a $345.00 target price on shares of Ulta Beauty in a research report on Thursday, July 27th. Jefferies Group LLC set a $266.00 target price on shares of Ulta Beauty and gave the stock a hold rating in a research report on Wednesday, May 31st. Finally, Royal Bank Of Canada restated a hold rating and set a $310.00 target price on shares of Ulta Beauty in a research report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $281.63.

Shares of Ulta Beauty (NASDAQ ULTA) opened at 219.17 on Friday. Ulta Beauty has a 52-week low of $204.01 and a 52-week high of $314.86. The stock has a market cap of $13.46 billion, a PE ratio of 29.18 and a beta of 0.57. The stock’s 50 day moving average is $233.76 and its 200 day moving average is $271.14.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.05. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the business earned $1.43 earnings per share. Ulta Beauty’s revenue for the quarter was up 20.7% on a year-over-year basis. Equities research analysts forecast that Ulta Beauty will post $8.38 earnings per share for the current year.

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In other news, Director Michael R. Macdonald bought 2,000 shares of Ulta Beauty stock in a transaction dated Tuesday, August 29th. The shares were acquired at an average price of $208.37 per share, with a total value of $416,740.00. Following the completion of the purchase, the director now owns 6,224 shares in the company, valued at approximately $1,296,894.88. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 5.20% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp increased its stake in Ulta Beauty by 11.2% in the 1st quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock worth $114,000 after buying an additional 40 shares during the period. Sun Life Financial INC increased its stake in Ulta Beauty by 4,655.6% in the 2nd quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock worth $123,000 after buying an additional 419 shares during the period. FNY Partners Fund LP purchased a new position in Ulta Beauty in the 1st quarter worth about $142,000. Lazard Asset Management LLC purchased a new position in Ulta Beauty in the 2nd quarter worth about $157,000. Finally, QS Investors LLC increased its stake in Ulta Beauty by 0.8% in the 2nd quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after buying an additional 6 shares during the period. 87.91% of the stock is currently owned by institutional investors and hedge funds.

About Ulta Beauty

Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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