Ulta Beauty (NASDAQ:ULTA) had its target price lifted by equities researchers at BMO Capital Markets from $280.00 to $325.00 in a research report issued to clients and investors on Friday, The Fly reports. The brokerage currently has a “market perform” rating on the specialty retailer’s stock. BMO Capital Markets’ price target would indicate a potential downside of 3.96% from the company’s current price.

ULTA has been the topic of several other research reports. OTR Global raised shares of Ulta Beauty to a “positive” rating in a research note on Thursday, November 29th. Zacks Investment Research reaffirmed a “buy” rating and issued a $316.00 price target on shares of Ulta Beauty in a research note on Saturday, November 17th. Wells Fargo & Co raised their price target on shares of Ulta Beauty from $280.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday. BidaskClub downgraded shares of Ulta Beauty from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 28th. Finally, ValuEngine raised shares of Ulta Beauty from a “hold” rating to a “buy” rating in a research note on Tuesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $313.96.

Shares of Ulta Beauty stock traded up $25.90 during trading on Friday, hitting $338.41. The stock had a trading volume of 3,880,238 shares, compared to its average volume of 805,111. The firm has a market capitalization of $18.47 billion, a PE ratio of 41.47, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01. Ulta Beauty has a 12 month low of $199.15 and a 12 month high of $345.24.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $3.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.56 by $0.05. The company 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 9.99% and a return on equity of 33.75%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.75 EPS. Equities analysts forecast that Ulta Beauty will post 10.82 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of ULTA. Robeco Institutional Asset Management B.V. increased its position in Ulta Beauty by 92.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 14,962 shares of the specialty retailer’s stock valued at $4,222,000 after purchasing an additional 7,184 shares during the period. Private Advisor Group LLC purchased a new position in Ulta Beauty during the 3rd quarter valued at about $358,000. Stratos Wealth Partners LTD. purchased a new position in Ulta Beauty during the 3rd quarter valued at about $151,000. Cambridge Investment Research Advisors Inc. increased its position in Ulta Beauty by 26.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 9,548 shares of the specialty retailer’s stock valued at $2,694,000 after purchasing an additional 1,994 shares during the period. Finally, Gamco Investors INC. ET AL purchased a new position in Ulta Beauty during the 3rd quarter valued at about $687,000. 89.72% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also: Gap Up Stocks

The Fly

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.