In a report released today, Rupesh Parikh from Oppenheimer assigned a Buy rating to Ulta Beauty (ULTA), with a price target of $280.00. The company’s shares closed last Monday at $247.20.
According to TipRanks.com, Parikh is a 5-star analyst with an average return of 14.4% and a 63.5% success rate. Parikh covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, The Estée Lauder Companies, and United Natural Foods.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ulta Beauty with a $271.57 average price target.
See today’s analyst top recommended stocks >>
Based on Ulta Beauty’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $1.23 billion and net profit of $8.05 million. In comparison, last year the company earned revenue of $1.67 billion and had a net profit of $161 million.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ULTA in relation to earlier this year. Most recently, in September 2020, Lorna Nagler, a Director at ULTA sold 3,000 shares for a total of $722,790.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Ulta Beauty, Inc. is a beauty retailer of cosmetics, fragrance, skin care products, hair care products, and salon services. It provides unmatched product breadth, value and convenience in a distinctive specialty retail environment. The company was founded in January 9, 1990 and is headquartered in Bolingbrook, IL.
Read More on ULTA:
