Robert W. Baird Reaffirms Outperform Rating for Ulta Beauty (ULTA)

Robert W. Baird reissued their outperform rating on shares of Ulta Beauty (NASDAQ:ULTA) in a research note issued to investors on Thursday morning, The Fly reports. Robert W. Baird currently has a $395.00 price objective on the specialty retailer’s stock, up from their previous price objective of $365.00.

ULTA has been the topic of a number of other research reports. JPMorgan Chase & Co. raised their target price on shares of Ulta Beauty from $345.00 to $390.00 and gave the company an overweight rating in a research report on Monday, April 15th. Loop Capital raised their target price on shares of Ulta Beauty from $265.00 to $300.00 and gave the company a hold rating in a research report on Monday, March 4th. Jefferies Financial Group raised their target price on shares of Ulta Beauty from $335.00 to $357.00 and gave the company a buy rating in a research report on Friday, March 15th. BidaskClub raised shares of Ulta Beauty from a buy rating to a strong-buy rating in a research report on Thursday, February 14th. Finally, Nomura reissued a neutral rating and set a $311.00 target price (up previously from $305.00) on shares of Ulta Beauty in a research report on Tuesday, February 19th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $335.30.

NASDAQ ULTA opened at $350.88 on Thursday. The stock has a market cap of $20.63 billion, a price-to-earnings ratio of 32.34, a price-to-earnings-growth ratio of 1.51 and a beta of 1.02. Ulta Beauty has a one year low of $224.43 and a one year high of $359.69.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, March 14th. The specialty retailer reported $3.61 EPS for the quarter, beating analysts’ consensus estimates of $3.56 by $0.05. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.11 billion. Ulta Beauty had a net margin of 9.80% and a return on equity of 36.09%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.75 EPS. As a group, equities research analysts expect that Ulta Beauty will post 12.78 earnings per share for the current fiscal year.

In related news, Director Dennis K. Eck sold 10,000 shares of Ulta Beauty stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $352.83, for a total value of $3,528,300.00. Following the completion of the sale, the director now directly owns 220,000 shares in the company, valued at approximately $77,622,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dennis K. Eck sold 11,067 shares of Ulta Beauty stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $349.90, for a total transaction of $3,872,343.30. Following the completion of the sale, the director now owns 230,000 shares of the company’s stock, valued at $80,477,000. The disclosure for this sale can be found here. Insiders sold a total of 426,250 shares of company stock valued at $143,394,373 over the last quarter. 5.60% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Shine Investment Advisory Services Inc. boosted its stake in Ulta Beauty by 85.0% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 74 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 34 shares in the last quarter. Legacy Financial Advisors Inc. boosted its stake in Ulta Beauty by 1,270.0% in the 4th quarter. Legacy Financial Advisors Inc. now owns 137 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 127 shares in the last quarter. NuWave Investment Management LLC acquired a new stake in Ulta Beauty in the 1st quarter worth approximately $49,000. Bronfman E.L. Rothschild L.P. boosted its stake in Ulta Beauty by 74.2% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 162 shares of the specialty retailer’s stock worth $40,000 after purchasing an additional 69 shares in the last quarter. Finally, Financial Gravity Wealth Inc. acquired a new stake in Ulta Beauty in the 1st quarter worth approximately $66,000. Institutional investors own 91.64% 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.

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The Fly

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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