Loop Capital reiterated their hold rating on shares of Ulta Beauty (NASDAQ:ULTA) in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. The brokerage currently has a $280.00 target price on the specialty retailer’s stock, up from their previous target price of $250.00.

A number of other research analysts have also recently commented on ULTA. BidaskClub raised Ulta Beauty from a hold rating to a buy rating in a research note on Tuesday, September 11th. ValuEngine cut Ulta Beauty from a sell rating to a strong sell rating in a research note on Monday, July 2nd. Atlantic Securities assumed coverage on Ulta Beauty in a research note on Tuesday, June 19th. They set an overweight rating and a $303.00 target price on the stock. OTR Global raised Ulta Beauty to a positive rating in a research note on Monday, May 21st. Finally, Goldman Sachs Group cut Ulta Beauty from a buy rating to a neutral rating and upped their target price for the company from $241.00 to $272.00 in a research note on Tuesday, June 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Ulta Beauty currently has a consensus rating of Buy and an average target price of $267.92.

ULTA opened at $279.10 on Thursday. The company has a market cap of $16.95 billion, a PE ratio of 34.20, a price-to-earnings-growth ratio of 1.41 and a beta of 0.73. Ulta Beauty has a one year low of $187.96 and a one year high of $290.30.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 30th. The specialty retailer reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.05. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Ulta Beauty had a return on equity of 33.29% and a net margin of 9.91%. sell-side analysts forecast that Ulta Beauty will post 10.84 EPS for the current year.

In related news, Director Dennis K. Eck sold 3,500 shares of the stock in a transaction that occurred on Friday, June 22nd. The stock was sold at an average price of $251.53, for a total value of $880,355.00. Following the transaction, the director now owns 380,294 shares of the company’s stock, valued at $95,655,349.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Dennis K. Eck sold 10,900 shares of the company’s stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $250.57, for a total value of $2,731,213.00. Following the sale, the director now owns 386,794 shares of the company’s stock, valued at approximately $96,918,972.58. The disclosure for this sale can be found here. In the last three months, insiders sold 51,400 shares of company stock worth $14,214,198. 5.60% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of ULTA. Huntington National Bank lifted its holdings in Ulta Beauty by 120.0% during the second quarter. Huntington National Bank now owns 440 shares of the specialty retailer’s stock worth $103,000 after buying an additional 240 shares during the period. Altman Advisors Inc. lifted its holdings in Ulta Beauty by 315.5% during the second quarter. Altman Advisors Inc. now owns 32,854 shares of the specialty retailer’s stock worth $142,000 after buying an additional 24,947 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in Ulta Beauty during the second quarter worth $151,000. Dupont Capital Management Corp purchased a new stake in Ulta Beauty during the second quarter worth $162,000. Finally, Optimum Investment Advisors purchased a new stake in Ulta Beauty during the first quarter worth $163,000. Institutional investors own 90.68% of the company’s stock.

About Ulta Beauty

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, 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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