Wells Fargo & Co Reiterates $336.00 Price Target for Ulta Beauty (ULTA)

Ulta Beauty (NASDAQ:ULTA) received a $336.00 price objective from research analysts at Wells Fargo & Co in a report issued on Friday. The brokerage currently has a “buy” rating on the specialty retailer’s stock. Wells Fargo & Co’s price objective points to a potential upside of 10.35% from the stock’s current price.

ULTA has been the topic of several other research reports. OTR Global lowered shares of Ulta Beauty to a “positive” rating in a research note on Wednesday, August 22nd. BidaskClub upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Thursday, July 12th. UBS Group increased their price objective on shares of Ulta Beauty from $285.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, September 7th. Stifel Nicolaus dropped their price objective on shares of Ulta Beauty from $250.00 to $245.00 and set a “hold” rating on the stock in a research note on Friday, August 24th. Finally, Piper Jaffray Companies set a $286.00 price objective on shares of Ulta Beauty and gave the stock an “overweight” rating in a research note on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Ulta Beauty has an average rating of “Buy” and a consensus target price of $276.12.

ULTA opened at $304.49 on Friday. The stock has a market cap of $17.44 billion, a P/E ratio of 37.31, a price-to-earnings-growth ratio of 1.46 and a beta of 0.60. Ulta Beauty has a fifty-two week low of $191.70 and a fifty-two week high of $308.88.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 30th. The specialty retailer reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.05. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. Ulta Beauty had a net margin of 9.91% and a return on equity of 33.29%. 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 the company’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $287.15, for a total value of $10,050,250.00. Following the completion of the transaction, the director now owns 361,294 shares in the company, valued at approximately $103,745,572.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lorna Nagler sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $276.19, for a total transaction of $552,380.00. Following the completion of the transaction, the director now owns 7,923 shares of the company’s stock, valued at approximately $2,188,253.37. The disclosure for this sale can be found here. In the last 90 days, insiders sold 68,407 shares of company stock valued at $19,580,698. 5.60% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of ULTA. Rational Advisors LLC boosted its holdings in shares of Ulta Beauty by 539.7% in the third quarter. Rational Advisors LLC now owns 371 shares of the specialty retailer’s stock valued at $105,000 after acquiring an additional 313 shares in the last quarter. Huntington National Bank boosted its holdings in shares of Ulta Beauty by 120.0% in the second quarter. Huntington National Bank now owns 440 shares of the specialty retailer’s stock valued at $103,000 after acquiring an additional 240 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of Ulta Beauty in the third quarter valued at approximately $151,000. Piedmont Investment Advisors LLC bought a new position in shares of Ulta Beauty in the second quarter valued at approximately $151,000. Finally, Dupont Capital Management Corp bought a new position in shares of Ulta Beauty in the second quarter valued at approximately $162,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

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.

Further Reading: Cash Flow

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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