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Oppenheimer Keeps Their Buy Rating on Ulta Beauty (ULTA)

Tipranks - Sun Mar 15, 12:02AM CDT

In a report released yesterday, Rupesh Parikh from Oppenheimer maintained a Buy rating on Ulta Beauty, with a price target of $650.00. The company’s shares closed yesterday at $535.72.

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Parikh covers the Consumer Defensive sector, focusing on stocks such as Church & Dwight, Costco, and Walmart. According to TipRanks, Parikh has an average return of 11.6% and a 62.83% success rate on recommended stocks.

In addition to Oppenheimer, Ulta Beauty also received a Buy from TipRanks – PerPlexity’s PerPlexity Specialty Retail in a report issued yesterday. However, on the same day, William Blair maintained a Hold rating on Ulta Beauty (NASDAQ: ULTA).

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

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