Ulta Beauty (NASDAQ:ULTA) Given “Outperform” Rating at Telsey Advisory Group

Ulta Beauty (NASDAQ:ULTA)‘s stock had its “outperform” rating reaffirmed by equities researchers at Telsey Advisory Group in a report released on Wednesday,Benzinga reports. They presently have a $450.00 price objective on the specialty retailer’s stock. Telsey Advisory Group’s price objective indicates a potential upside of 24.84% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Canaccord Genuity Group reduced their target price on shares of Ulta Beauty from $522.00 to $500.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft dropped their target price on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. William Blair cut Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. BMO Capital Markets set a $385.00 price objective on Ulta Beauty in a research note on Thursday, October 17th. Finally, Barclays raised their target price on Ulta Beauty from $328.00 to $335.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $420.71.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $360.47 on Wednesday. The company has a market capitalization of $16.99 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 2.08 and a beta of 1.33. Ulta Beauty has a 1 year low of $318.17 and a 1 year high of $574.76. The business has a fifty day moving average price of $375.54 and a two-hundred day moving average price of $376.69.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.47 by ($0.17). The company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.02 EPS. Sell-side analysts anticipate that Ulta Beauty will post 23.07 earnings per share for the current year.

Institutional Trading of Ulta Beauty

Several hedge funds and other institutional investors have recently bought and sold shares of the company. UMB Bank n.a. lifted its holdings in shares of Ulta Beauty by 83.3% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 30 shares during the last quarter. LRI Investments LLC purchased a new position in Ulta Beauty in the 1st quarter worth $31,000. Innealta Capital LLC bought a new stake in Ulta Beauty in the second quarter worth $32,000. Paladin Wealth LLC purchased a new stake in Ulta Beauty during the third quarter valued at about $32,000. Finally, Westside Investment Management Inc. boosted its position in Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors 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.