Ulta Beauty (NASDAQ:ULTA) Stock Rating Upgraded by StockNews.com

Ulta Beauty (NASDAQ:ULTA) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

A number of other equities research analysts have also recently commented on ULTA. William Blair cut Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. Loop Capital boosted their price target on Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Barclays increased their price objective on shares of Ulta Beauty from $335.00 to $410.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. TD Cowen dropped their target price on shares of Ulta Beauty from $390.00 to $380.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Finally, UBS Group lifted their price target on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Ulta Beauty has a consensus rating of “Hold” and a consensus price target of $454.43.

Ulta Beauty Trading Down 0.7 %

ULTA stock traded down $3.03 during midday trading on Tuesday, reaching $428.27. 1,817,524 shares of the company’s stock traded hands, compared to its average volume of 939,103. Ulta Beauty has a 52-week low of $318.17 and a 52-week high of $574.76. The stock has a market cap of $19.86 billion, a P/E ratio of 17.14, a PEG ratio of 2.38 and a beta of 1.28. The stock’s 50-day moving average is $399.50 and its 200 day moving average is $383.42.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping the consensus estimate of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the business posted $5.07 EPS. Ulta Beauty’s revenue was up 1.7% on a year-over-year basis. As a group, research analysts expect that Ulta Beauty will post 23.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC boosted its holdings in Ulta Beauty by 4.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock valued at $244,000 after acquiring an additional 28 shares during the period. Brighton Jones LLC boosted its stake in shares of Ulta Beauty by 1.8% during the second quarter. Brighton Jones LLC now owns 1,826 shares of the specialty retailer’s stock valued at $705,000 after purchasing an additional 33 shares during the period. Daymark Wealth Partners LLC grew its holdings in shares of Ulta Beauty by 3.0% in the second quarter. Daymark Wealth Partners LLC now owns 1,221 shares of the specialty retailer’s stock worth $471,000 after purchasing an additional 36 shares during the last quarter. Trust Investment Advisors increased its stake in Ulta Beauty by 2.5% in the 2nd quarter. Trust Investment Advisors now owns 1,491 shares of the specialty retailer’s stock worth $575,000 after buying an additional 37 shares during the period. Finally, Global Trust Asset Management LLC lifted its holdings in Ulta Beauty by 39.6% during the 3rd quarter. Global Trust Asset Management LLC now owns 141 shares of the specialty retailer’s stock valued at $55,000 after buying an additional 40 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.