Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $480.00 at TD Cowen

Ulta Beauty (NASDAQ:ULTA) had its price target boosted by analysts at TD Cowen from $450.00 to $480.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the specialty retailer’s stock. TD Cowen’s target price would indicate a potential upside of 15.32% from the company’s current price.

A number of other research analysts also recently weighed in on the stock. DA Davidson increased their target price on shares of Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Loop Capital upped their target price on Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Wells Fargo & Company lifted their price target on Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a research report on Tuesday. Oppenheimer upped their price objective on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Ulta Beauty currently has a consensus rating of “Hold” and a consensus target price of $458.78.

Ulta Beauty Trading Down 2.8 %

Ulta Beauty stock traded down $12.02 during mid-day trading on Wednesday, reaching $416.25. The company’s stock had a trading volume of 461,050 shares, compared to its average volume of 838,363. The firm has a market cap of $19.30 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 2.38 and a beta of 1.28. Ulta Beauty has a twelve month low of $318.17 and a twelve month high of $574.76. The business has a 50 day moving average price of $399.50 and a 200-day moving average price of $383.42.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.69. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $5.07 earnings per share. On average, equities analysts expect that Ulta Beauty will post 23.57 EPS for the current fiscal year.

Institutional Trading of Ulta Beauty

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Paladin Wealth LLC acquired a new stake in Ulta Beauty during the third quarter worth about $32,000. Sunbelt Securities Inc. increased its stake in Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 45 shares during the period. Westside Investment Management Inc. raised its position in shares of Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 50 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Ulta Beauty in the third quarter worth $41,000. Finally, American National Bank & Trust purchased a new position in Ulta Beauty in the third quarter valued at about $44,000. 90.39% of the stock is owned by institutional investors and hedge funds.

About Ulta Beauty

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.