Ulta Beauty (ULTA) Gets a Buy from Evercore ISI

Evercore ISI analyst Michael Binetti reiterated a Buy rating on Ulta Beauty today and set a price target of $675.00.

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Binetti covers the Consumer Cyclical sector, focusing on stocks such as Ulta Beauty, Nike, and Birkenstock Holding plc. According to TipRanks, Binetti has an average return of 6.0% and a 55.27% success rate on recommended stocks.

Currently, the analyst consensus on Ulta Beauty is a Moderate Buy with an average price target of $711.53.

Based on Ulta Beauty’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $3.9 billion and a net profit of $356.68 million. In comparison, last year the company earned a revenue of $3.49 billion and had a net profit of $393.27 million

Based on the recent corporate insider activity of 22 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. Earlier this month, George Mrkonic, a Director at ULTA sold 452.00 shares for a total of $243,759.08.