Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $457.00

Ulta Beauty (NASDAQ:ULTA) had its target price increased by Citigroup from $450.00 to $457.00 in a report published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the specialty retailer’s stock.

Several other equities analysts have also weighed in on the stock. Raymond James decreased their target price on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Monday, October 14th. BMO Capital Markets increased their target price on shares of Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. TD Cowen lowered their price objective on Ulta Beauty from $390.00 to $380.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Wells Fargo & Company increased their target price on Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a report on Tuesday. Finally, Loop Capital raised their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $460.30.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $415.14 on Tuesday. Ulta Beauty has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The stock’s fifty day moving average is $401.20 and its two-hundred day moving average is $383.86. The firm has a market capitalization of $19.25 billion, a P/E ratio of 16.61, a PEG ratio of 2.38 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 10.58% and a return on equity of 51.95%. Ulta Beauty’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $5.07 earnings per share. On average, equities analysts forecast that Ulta Beauty will post 23.57 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. National Bank of Canada FI raised its stake in shares of Ulta Beauty by 16.6% during the 2nd quarter. National Bank of Canada FI now owns 18,392 shares of the specialty retailer’s stock worth $7,065,000 after buying an additional 2,619 shares in the last quarter. Private Advisor Group LLC raised its position in Ulta Beauty by 65.9% in the second quarter. Private Advisor Group LLC now owns 10,022 shares of the specialty retailer’s stock worth $3,867,000 after acquiring an additional 3,982 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Ulta Beauty in the second quarter valued at $525,000. Caprock Group LLC grew its stake in shares of Ulta Beauty by 1.7% during the 2nd quarter. Caprock Group LLC now owns 4,328 shares of the specialty retailer’s stock worth $1,670,000 after purchasing an additional 72 shares during the period. Finally, First Foundation Advisors lifted its stake in shares of Ulta Beauty by 45.9% in the second quarter. First Foundation Advisors now owns 162 shares of the specialty retailer’s stock valued at $63,000 after purchasing an additional 51 shares during the period. 90.39% of the stock is currently 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.