Ulta Beauty’s (ULTA) “Outperform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Ulta Beauty (NASDAQ:ULTA) in a research report report published on Tuesday,Benzinga reports. Telsey Advisory Group currently has a $500.00 target price on the specialty retailer’s stock.

Several other equities research analysts also recently weighed in on ULTA. Raymond James cut 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. Stifel Nicolaus upped their price objective on Ulta Beauty from $395.00 to $455.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft reduced their price objective on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Barclays boosted their target price on Ulta Beauty from $335.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company increased their price target on Ulta Beauty from $300.00 to $350.00 and gave the company an “underweight” rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Ulta Beauty has a consensus rating of “Hold” and a consensus price target of $454.43.

Ulta Beauty Stock Down 0.7 %

ULTA opened at $428.27 on Tuesday. Ulta Beauty has a 52 week low of $318.17 and a 52 week high of $574.76. The business has a fifty day simple moving average of $399.50 and a 200-day simple moving average of $383.42. The firm has a market cap of $19.86 billion, a P/E ratio of 17.14, a P/E/G ratio of 2.38 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS 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 analysts’ expectations of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the business posted $5.07 EPS. Sell-side analysts expect that Ulta Beauty will post 23.57 earnings per share for the current year.

Institutional Inflows and Outflows

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