Beauty

Ulta Magnificence (NASDAQ:ULTA) Given New $612.00 Value Goal at Barclays



Ulta Beauty (NASDAQ:ULTAFree Report) had its price target upped by Barclays from $583.00 to $612.00 in a research note released on Friday morning, Benzinga reports. The brokerage currently has an overweight rating on the specialty retailer’s stock.

Several other analysts have also weighed in on ULTA. Jefferies Financial Group upped their price objective on Ulta Beauty from $587.00 to $610.00 and gave the company a buy rating in a report on Friday. Argus upped their price objective on Ulta Beauty from $500.00 to $545.00 and gave the company a buy rating in a report on Wednesday, December 6th. BMO Capital Markets upped their price objective on Ulta Beauty from $485.00 to $540.00 and gave the company a market perform rating in a report on Friday. Stifel Nicolaus upped their price objective on Ulta Beauty from $505.00 to $565.00 and gave the company a hold rating in a report on Friday. Finally, Wells Fargo & Company upped their target price on Ulta Beauty from $400.00 to $450.00 and gave the company an underweight rating in a report on Friday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $579.81.

View Our Latest Stock Analysis on ULTA

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $532.33 on Friday. Ulta Beauty has a 1 year low of $368.02 and a 1 year high of $574.76. The stock has a market cap of $25.85 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 2.35 and a beta of 1.31. The business has a fifty day moving average of $519.68 and a 200-day moving average of $456.96.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last released its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.49 by $0.59. Ulta Beauty had a return on equity of 63.51% and a net margin of 11.52%. The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.53 billion. During the same quarter in the prior year, the business posted $6.68 earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities research analysts predict that Ulta Beauty will post 27.06 EPS for the current year.

Ulta Beauty declared that its Board of Directors has initiated a stock buyback program on Thursday, March 14th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the specialty retailer to repurchase up to 7.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Bradley Foster & Sargent Inc. CT increased its position in Ulta Beauty by 1.6% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 1,260 shares of the specialty retailer’s stock valued at $591,000 after buying an additional 20 shares in the last quarter. Nvwm LLC raised its holdings in Ulta Beauty by 2.1% during the 4th quarter. Nvwm LLC now owns 1,043 shares of the specialty retailer’s stock valued at $511,000 after acquiring an additional 21 shares during the period. Manchester Capital Management LLC raised its holdings in Ulta Beauty by 41.2% during the 4th quarter. Manchester Capital Management LLC now owns 72 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 21 shares during the period. Pitcairn Co. increased its holdings in shares of Ulta Beauty by 3.9% in the fourth quarter. Pitcairn Co. now owns 554 shares of the specialty retailer’s stock worth $271,000 after purchasing an additional 21 shares during the period. Finally, Raleigh Capital Management Inc. increased its holdings in shares of Ulta Beauty by 4.3% in the third quarter. Raleigh Capital Management Inc. now owns 535 shares of the specialty retailer’s stock worth $214,000 after purchasing an additional 22 shares during the period. 92.30% of the stock is owned by institutional investors.

About Ulta Beauty

(Get Free Report)

Ulta Beauty, Inc operate specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services in the United States. It offers broad assortment of branded and private label beauty products including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools; and salon services, including hair, skin, makeup, and brow services, as well as nail services.

See Also

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)



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