Ulta Beauty Inc (ULTA) Receives a Hold from Nomura

By Ryan Adsit

Nomura analyst Simeon Siegel maintained a Hold rating on Ulta Beauty Inc (ULTAResearch Report) today and set a price target of $315. The company’s shares opened today at $327.97, close to its 52-week high of $336.75.

According to TipRanks.com, Siegel is a 4-star analyst with an average return of 4.9% and a 58.1% success rate. Siegel covers the Services sector, focusing on stocks such as Signet Jewelers Limited, Abercrombie Fitch, and Ralph Lauren Corp.

Ulta Beauty Inc has an analyst consensus of Strong Buy, with a price target consensus of $328.15, representing a 0.1% upside. In a report issued on March 4, Loop Capital Markets also maintained a Hold rating on the stock with a $300 price target.

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Based on Ulta Beauty Inc’s latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $131 million. In comparison, last year the company had a net profit of $208 million.

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Ulta Beauty, Inc. is a beauty retailer of cosmetics, fragrance, skin care products, hair care products, and salon services. It provide unmatched product breadth, value and convenience in a distinctive specialty retail environment. The company was founded in January 9, 1990 and its headquartered in Bolingbrook, IL.