Ulta Beauty (ULTA) PT Raised to $280.00 at Morgan Stanley

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Ulta Beauty (NASDAQ:ULTA) had its price objective upped by Morgan Stanley from $260.00 to $280.00 in a research note published on Tuesday. They currently have an overweight rating on the specialty retailer’s stock.

Other equities research analysts have also issued research reports about the stock. Buckingham Research lifted their price objective on shares of Ulta Beauty from $270.00 to $300.00 and gave the company a buy rating in a research note on Wednesday, May 30th. Robert W. Baird set a $290.00 price objective on shares of Ulta Beauty and gave the company a buy rating in a research note on Wednesday, May 30th. Piper Jaffray Companies set a $268.00 price objective on shares of Ulta Beauty and gave the company a buy rating in a research note on Tuesday, May 29th. Jefferies Financial Group set a $285.00 price objective on shares of Ulta Beauty and gave the company a buy rating in a research note on Tuesday, May 29th. Finally, Zacks Investment Research raised shares of Ulta Beauty from a hold rating to a buy rating and set a $280.00 price objective for the company in a research note on Wednesday, May 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Ulta Beauty has a consensus rating of Buy and a consensus price target of $266.72.

ULTA stock opened at $285.80 on Tuesday. Ulta Beauty has a 1 year low of $187.96 and a 1 year high of $288.97. The firm has a market capitalization of $16.48 billion, a P/E ratio of 35.02, a price-to-earnings-growth ratio of 1.37 and a beta of 0.73.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 30th. The specialty retailer reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.05. Ulta Beauty had a net margin of 9.91% and a return on equity of 33.29%. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. research analysts forecast that Ulta Beauty will post 10.84 earnings per share for the current year.

In other news, Director Dennis K. Eck sold 10,900 shares of the business’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $250.57, for a total transaction of $2,731,213.00. Following the transaction, the director now owns 386,794 shares in the company, valued at approximately $96,918,972.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey J. Childs sold 8,000 shares of the business’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $251.83, for a total transaction of $2,014,640.00. Following the transaction, the insider now owns 13,534 shares in the company, valued at approximately $3,408,267.22. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,400 shares of company stock valued at $18,176,208. Company insiders own 5.60% of the company’s stock.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Ulta Beauty by 3.9% during the 1st quarter. BlackRock Inc. now owns 5,358,580 shares of the specialty retailer’s stock worth $1,094,597,000 after purchasing an additional 198,890 shares during the period. FMR LLC increased its holdings in shares of Ulta Beauty by 24.0% during the 2nd quarter. FMR LLC now owns 948,576 shares of the specialty retailer’s stock worth $221,454,000 after purchasing an additional 183,611 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Ulta Beauty by 4.1% during the 2nd quarter. Wells Fargo & Company MN now owns 743,233 shares of the specialty retailer’s stock worth $173,515,000 after purchasing an additional 29,590 shares during the period. NN Investment Partners Holdings N.V. increased its holdings in shares of Ulta Beauty by 6.7% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 679,652 shares of the specialty retailer’s stock worth $158,670,000 after purchasing an additional 42,710 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Ulta Beauty by 4.6% during the 2nd quarter. Bank of America Corp DE now owns 580,901 shares of the specialty retailer’s stock worth $135,617,000 after purchasing an additional 25,473 shares during the period. Institutional investors own 89.59% 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: Leveraged Buyout (LBO)

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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