Oppenheimer analyst Rupesh Parikh maintained a Buy rating on Ulta Beauty (NASDAQ:ULTA) on Thursday, setting a price target of $385, which is approximately 17.56% above the present share price of $327.49.
Parikh expects Ulta Beauty to post earnings per share (EPS) of $3.04 for the second quarter of 2021.
The current consensus among 19 TipRanks analysts is for a Moderate Buy rating of shares in Ulta Beauty, with an average price target of $351.35.
The analysts price targets range from a high of $385 to a low of $285.
In its latest earnings report, released on 01/31/2021, the company reported a quarterly revenue of $2.2 billion and a net profit of $229.84 million. The company's market cap is $18.14 billion.
According to TipRanks.com, Oppenheimer analyst Rupesh Parikh is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 12.2% and a 65.99% success rate.
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.