Telsey Advisory Group Reiterates “Outperform” Rating for Ulta Beauty (NASDAQ:ULTA)

Ulta Beauty (NASDAQ:ULTA)‘s stock had its “outperform” rating reiterated by equities researchers at Telsey Advisory Group in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $500.00 price objective on the specialty retailer’s stock. Telsey Advisory Group’s target price would indicate a potential upside of 15.93% from the company’s previous close.

Other analysts have also issued research reports about the company. Citigroup boosted their price target on Ulta Beauty from $390.00 to $450.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Stifel Nicolaus upped their target price on Ulta Beauty from $395.00 to $455.00 and gave the stock a “hold” rating in a report on Friday, December 6th. UBS Group raised their price target on Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. lifted their price objective on Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, DA Davidson increased their target price on shares of Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Ulta Beauty presently has an average rating of “Hold” and a consensus price target of $440.78.

Ulta Beauty Stock Down 0.0 %

ULTA stock opened at $431.30 on Tuesday. The firm has a market cap of $20.00 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 2.38 and a beta of 1.28. Ulta Beauty has a twelve month low of $318.17 and a twelve month high of $574.76. The business’s fifty day simple moving average is $398.53 and its two-hundred day simple moving average is $383.10.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the business posted $5.07 EPS. Research analysts expect that Ulta Beauty will post 23.57 EPS for the current year.

Institutional Investors Weigh In On Ulta Beauty

Institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its position in shares of Ulta Beauty by 180,713.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock valued at $481,952,000 after purchasing an additional 1,237,884 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new position in Ulta Beauty during the 3rd quarter valued at approximately $359,480,000. Holocene Advisors LP raised its holdings in shares of Ulta Beauty by 3,246.2% in the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock worth $134,737,000 after buying an additional 335,914 shares during the last quarter. Atreides Management LP acquired a new stake in shares of Ulta Beauty during the third quarter worth $73,069,000. Finally, Hsbc Holdings PLC grew its holdings in shares of Ulta Beauty by 87.3% during the second quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer’s stock valued at $130,380,000 after buying an additional 157,497 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

About Ulta Beauty

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.