BidaskClub upgraded shares of Ulta Beauty (NASDAQ:ULTA) from a sell rating to a hold rating in a research report report published on Wednesday morning.

Several other research analysts have also weighed in on ULTA. Zacks Investment Research raised Ulta Beauty from a hold rating to a buy rating and set a $246.00 target price on the stock in a research report on Monday. JPMorgan Chase & Co. increased their target price on Ulta Beauty from $270.00 to $300.00 and gave the stock an overweight rating in a research report on Friday, January 26th. Cowen set a $246.00 target price on Ulta Beauty and gave the stock a buy rating in a research report on Friday, December 1st. BMO Capital Markets set a $225.00 target price on Ulta Beauty and gave the stock a hold rating in a research report on Friday, December 1st. Finally, KeyCorp set a $270.00 target price on Ulta Beauty and gave the stock a buy rating in a research report on Sunday, December 3rd. Eleven research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $262.91.

Ulta Beauty (ULTA) opened at $218.06 on Wednesday. The firm has a market capitalization of $13,332.33, a price-to-earnings ratio of 28.46, a P/E/G ratio of 1.06 and a beta of 0.54. Ulta Beauty has a 52-week low of $187.96 and a 52-week high of $314.86.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, November 30th. The specialty retailer reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.03. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. Ulta Beauty had a return on equity of 29.64% and a net margin of 8.82%. analysts predict that Ulta Beauty will post 8.36 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. increased its position in shares of Ulta Beauty by 58.3% during the third quarter. Ameriprise Financial Inc. now owns 1,390,665 shares of the specialty retailer’s stock worth $314,378,000 after acquiring an additional 512,315 shares during the last quarter. Jennison Associates LLC increased its position in shares of Ulta Beauty by 12.1% during the fourth quarter. Jennison Associates LLC now owns 721,677 shares of the specialty retailer’s stock worth $161,410,000 after acquiring an additional 77,742 shares during the last quarter. CI Global Investments Inc. purchased a new stake in shares of Ulta Beauty during the fourth quarter worth about $135,756,000. Old Mutual Global Investors UK Ltd. increased its position in shares of Ulta Beauty by 173.8% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 527,993 shares of the specialty retailer’s stock worth $119,358,000 after acquiring an additional 335,148 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Ulta Beauty by 162.7% during the third quarter. Russell Investments Group Ltd. now owns 482,329 shares of the specialty retailer’s stock worth $109,033,000 after acquiring an additional 298,725 shares during the last quarter. 89.41% of the stock is currently owned by institutional investors and hedge funds.

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Ulta Beauty Company Profile

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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