Ulta Beauty (NASDAQ:ULTA) has been assigned a $312.00 price target by equities research analysts at Piper Jaffray Companies in a report released on Thursday, The Fly reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. Piper Jaffray Companies’ price objective would indicate a potential upside of 1.26% from the stock’s previous close. Piper Jaffray Companies also issued estimates for Ulta Beauty’s Q3 2019 earnings at $2.16 EPS, Q1 2020 earnings at $3.17 EPS, Q2 2020 earnings at $2.98 EPS, Q3 2020 earnings at $2.59 EPS, Q1 2021 earnings at $3.67 EPS, Q2 2021 earnings at $3.46 EPS and Q3 2021 earnings at $3.02 EPS.

Other analysts also recently issued research reports about the stock. BidaskClub raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Thursday, July 12th. Telsey Advisory Group lifted their target price on shares of Ulta Beauty from $290.00 to $330.00 and gave the company an “outperform” rating in a report on Monday, October 1st. Zacks Investment Research raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, August 21st. Stifel Nicolaus lowered 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 raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Ulta Beauty has a consensus rating of “Buy” and a consensus target price of $280.40.

Shares of NASDAQ:ULTA opened at $308.12 on Thursday. The stock has a market capitalization of $17.36 billion, a PE ratio of 30.45, a PEG ratio of 1.45 and a beta of 0.60. Ulta Beauty has a fifty-two week low of $191.70 and a fifty-two week high of $312.20.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results 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. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. Ulta Beauty had a net margin of 9.91% and a return on equity of 33.29%. As a group, sell-side analysts expect that Ulta Beauty will post 10.85 EPS for the current year.

In other Ulta Beauty news, Director Dennis K. Eck sold 35,000 shares of Ulta Beauty stock in a transaction dated 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 transaction, the director now owns 361,294 shares in the company, valued at $103,745,572.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dennis K. Eck sold 31,278 shares of Ulta Beauty stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $285.88, for a total transaction of $8,941,754.64. Following the transaction, the director now owns 334,778 shares of the company’s stock, valued at approximately $95,706,334.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,407 shares of company stock worth $19,580,698. 5.60% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in ULTA. Waddell & Reed Financial Inc. acquired a new position in Ulta Beauty during the second quarter worth about $125,933,000. FMR LLC raised its position in Ulta Beauty by 35.5% during the third quarter. FMR LLC now owns 1,285,561 shares of the specialty retailer’s stock worth $362,682,000 after acquiring an additional 336,985 shares during the last quarter. Columbus Circle Investors acquired a new position in Ulta Beauty during the second quarter worth about $74,924,000. Frontier Capital Management Co. LLC acquired a new position in Ulta Beauty during the third quarter worth about $79,932,000. Finally, Unigestion Holding SA acquired a new position in Ulta Beauty during the second quarter worth about $58,847,000. Institutional investors own 90.66% 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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