BMO Capital Markets' target price indicates a potential upside of 37.18% from the stock's previous close.
ULTA has been the topic of several other reports. Finally, Deutsche Bank AG reaffirmed a hold rating and issued a $280.00 price target on shares of Ulta Beauty in a report on Friday, December 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the stock. Ulta Beauty now has an average rating of Buy and an average price target of $276.26.
Ulta Beauty traded in a range throughout Thursday's session and closed down by 1.70 at $273.77 on above average volume. Morgan Stanley now owns 411,444 shares of the company's stock valued at $97,917,000 after buying an additional 59,691 shares during the last quarter. Ulta Beauty has a 12-month low of $186.60 and a 12-month high of $287.19. The firm has a 50-day moving average price of $26.62 and a 200 day moving average price of $27.73. Ulta Beauty is the largest beauty retailer in the nation with more than 900 stores in 48 states and the District of Columbia.
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Home Depot stated sales of $22.2 billion for the fourth quarter of fiscal 2016 ended January 29, 2017, which was a 5.8% increase from Q4 2015. The firm's revenue was up 24.6% on a year-over-year basis.
Ulta Beauty (ULTA) is expected to report another quarter of strong gains in earnings and revenue when it announces results late Thursday, after e.l.f. Beauty (ELF) topped estimates late Wednesday and gave upbeat guidance. Equities analysts expect that Ulta Beauty will post $8.02 earnings per share for the current year.
This story was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this piece on another domain, it was copied illegally and reposted in violation of worldwide trademark and copyright law. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Ulta Beauty during the third quarter valued at approximately $8,690,000. Hanson McClain Inc. acquired a new position in Ulta Beauty during the second quarter worth about $122,000. NY purchased a new stake in e.l.f. Beauty during the fourth quarter worth about $313,000. For the quarter ending Jul-17, 15 analysts have a mean sales target of 1,258.88 million whilst for the year ending Jan-17, 23 analysts have a mean target of 4,817.39 million.
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The Company has 62.08 million shares outstanding and 58.09 million shares were floated in market.
"On the merchandising front we continue to see trends similar to the preceding quarters, with prestige cosmetics leading the way, but with strength across all major categories and newness contributing significantly to our performance", said Ulta Beauty CEO Mary Dillon on a conference call. The Company is a beauty retailer.
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