Ulta Magnificence (NASDAQ:ULTA) Value Goal Elevated to $627.00 by Analysts at Deutsche Financial institution Aktiengesellschaft

Daily SF NewsMarch 16, 2024

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Ulta Beauty (NASDAQ:ULTA – Free Report) had its target price boosted by Deutsche Bank Aktiengesellschaft from $574.00 to $627.00 in a research report released on Friday morning.

ULTA has been the topic of a number of other reports. Evercore ISI lowered their price objective on shares of Ulta Beauty from $656.00 to $635.00 in a report on Friday. Piper Sandler boosted their target price on shares of Ulta Beauty from $540.00 to $572.00 and gave the stock an overweight rating in a report on Friday, December 1st. Argus boosted their target price on shares of Ulta Beauty from $500.00 to $545.00 and gave the stock a buy rating in a report on Wednesday, December 6th. Wells Fargo & Company boosted their target price on shares of Ulta Beauty from $375.00 to $400.00 and gave the stock an underweight rating in a report on Friday, December 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Ulta Beauty from $535.00 to $600.00 and gave the stock an overweight rating in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $546.90.

View Our Latest Stock Report on ULTA

Ulta Beauty Trading Down 5.2 %

ULTA opened at $535.98 on Friday. Ulta Beauty has a 1-year low of $368.02 and a 1-year high of $574.76. The firm has a 50-day moving average price of $518.69 and a two-hundred day moving average price of $455.62. The stock has a market capitalization of $26.03 billion, a PE ratio of 21.74, a PEG ratio of 2.35 and a beta of 1.31.

Ulta Beauty (NASDAQ:ULTA – Get Free Report) last released its quarterly earnings data on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share for the quarter, topping the consensus estimate of $7.49 by $0.59. Ulta Beauty had a net margin of 11.37% and a return on equity of 61.42%. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.53 billion. During the same quarter last year, the firm earned $6.68 EPS. Ulta Beauty’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, research analysts predict that Ulta Beauty will post 25.46 EPS for the current year.

Ulta Beauty announced that its board has authorized a stock buyback program on Thursday, March 14th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the specialty retailer to buy up to 7.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Ulta Beauty

Several institutional investors and hedge funds have recently bought and sold shares of ULTA. Prudential PLC bought a new stake in Ulta Beauty during the first quarter worth about $425,000. Vanguard Group Inc. lifted its holdings in shares of Ulta Beauty by 0.7% in the first quarter. Vanguard Group Inc. now owns 5,886,434 shares of the specialty retailer’s stock worth $2,344,096,000 after acquiring an additional 40,190 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Ulta Beauty by 2.8% in the first quarter. Baird Financial Group Inc. now owns 8,299 shares of the specialty retailer’s stock worth $3,305,000 after acquiring an additional 223 shares during the last quarter. Loomis Sayles & Co. L P lifted its holdings in shares of Ulta Beauty by 38.6% in the first quarter. Loomis Sayles & Co. L P now owns 1,117 shares of the specialty retailer’s stock worth $444,000 after acquiring an additional 311 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Ulta Beauty by 59.1% in the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 26 shares during the last quarter. Institutional investors own 92.30% of the company’s stock.

Ulta Beauty Company Profile

(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.