Jefferies Financial Group set a $335.00 price objective on Ulta Beauty (NASDAQ:ULTA) in a research report released on Friday, The Fly reports. The firm currently has a buy rating on the specialty retailer’s stock.

Other equities analysts have also issued reports about the stock. BidaskClub upgraded shares of Ulta Beauty from a sell rating to a hold rating in a report on Thursday, July 12th. Telsey Advisory Group increased their target price on shares of Ulta Beauty from $290.00 to $330.00 and gave the stock an outperform rating in a report on Monday, October 1st. Zacks Investment Research upgraded shares of Ulta Beauty from a sell rating to a hold rating in a report on Tuesday, August 21st. Stifel Nicolaus cut their target price on shares of Ulta Beauty from $250.00 to $245.00 and set a hold rating on the stock in a report on Friday, August 24th. Finally, ValuEngine upgraded shares of Ulta Beauty from a sell rating to a hold rating in a report on Tuesday, August 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $280.40.

NASDAQ ULTA traded up $3.63 during trading hours on Friday, hitting $308.12. The company’s stock had a trading volume of 1,551,954 shares, compared to its average volume of 954,248. Ulta Beauty has a twelve month low of $191.70 and a twelve month high of $312.20. The firm has a market capitalization of $17.36 billion, a P/E ratio of 37.76, a P/E/G ratio of 1.45 and a beta of 0.60.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 30th. The specialty retailer reported $2.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.41 by $0.05. Ulta Beauty had a net margin of 9.91% and a return on equity of 33.29%. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. Equities research analysts anticipate that Ulta Beauty will post 10.85 earnings per share for the current fiscal year.

In other news, Director Dennis K. Eck sold 35,000 shares of the stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $287.15, for a total transaction of $10,050,250.00. Following the completion of the sale, the director now owns 361,294 shares of the company’s stock, valued at $103,745,572.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Catherine Ann Halligan sold 129 shares of the stock in a transaction on Monday, September 17th. The stock was sold at an average price of $281.50, for a total transaction of $36,313.50. Following the sale, the director now directly owns 3,628 shares of the company’s stock, valued at approximately $1,021,282. The disclosure for this sale can be found here. Insiders have sold 68,407 shares of company stock valued at $19,580,698 in the last three months. 5.60% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN increased its position in shares of Ulta Beauty by 4.1% during the second quarter. Wells Fargo & Company MN now owns 743,233 shares of the specialty retailer’s stock worth $173,515,000 after acquiring an additional 29,590 shares in the last quarter. IFP Advisors Inc increased its position in shares of Ulta Beauty by 13.6% during the second quarter. IFP Advisors Inc now owns 3,155 shares of the specialty retailer’s stock worth $737,000 after acquiring an additional 377 shares in the last quarter. Capital One National Association bought a new stake in shares of Ulta Beauty during the second quarter worth $205,000. Daiwa SB Investments Ltd. increased its position in shares of Ulta Beauty by 9.2% during the third quarter. Daiwa SB Investments Ltd. now owns 3,790 shares of the specialty retailer’s stock worth $1,069,000 after acquiring an additional 320 shares in the last quarter. Finally, Atria Investments LLC bought a new stake in shares of Ulta Beauty during the second quarter worth $1,567,000. 90.66% of the stock is owned by institutional investors.

Ulta Beauty Company Profile

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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The Fly

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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