Oppenheimer Raises Ulta Beauty (NASDAQ:ULTA) Price Target to $515.00

Ulta Beauty (NASDAQ:ULTA) had its target price hoisted by stock analysts at Oppenheimer from $505.00 to $515.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the specialty retailer’s stock. Oppenheimer’s target price points to a potential upside of 19.41% from the company’s current price.

A number of other equities research analysts have also issued reports on ULTA. Stifel Nicolaus upped their price target on Ulta Beauty from $395.00 to $455.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Barclays upped their target price on Ulta Beauty from $335.00 to $410.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Loop Capital boosted their price target on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research report on Monday, December 9th. William Blair lowered shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. Finally, Raymond James reduced their target price on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a research note on Monday, October 14th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $441.22.

Ulta Beauty Stock Down 0.0 %

Shares of NASDAQ ULTA 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 price-to-earnings-growth ratio of 2.38 and a beta of 1.28. The company’s 50-day simple moving average is $398.53 and its 200-day simple moving average is $383.10. Ulta Beauty has a 52-week low of $318.17 and a 52-week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results 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. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the company posted $5.07 EPS. Ulta Beauty’s quarterly revenue was up 1.7% compared to the same quarter last year. Equities research analysts anticipate that Ulta Beauty will post 23.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its stake 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 buying an additional 1,237,884 shares during the period. Geode Capital Management LLC lifted its stake in Ulta Beauty by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock worth $461,059,000 after acquiring an additional 10,153 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new position in Ulta Beauty during the 3rd quarter worth approximately $359,480,000. Champlain Investment Partners LLC raised its holdings in shares of Ulta Beauty by 5.4% in the 3rd quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock valued at $237,519,000 after purchasing an additional 31,540 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt raised its holdings in shares of Ulta Beauty by 14.4% in the 3rd quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer’s stock valued at $200,944,000 after purchasing an additional 65,000 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

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.