Ulta Beauty (NASDAQ:ULTA) Price Target Lowered to $327.00 at Barclays

Ulta Beauty (NASDAQ:ULTA) had its price objective decreased by analysts at Barclays from $445.00 to $327.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the specialty retailer’s stock. Barclays‘s price target would suggest a potential downside of 8.59% from the stock’s previous close.

ULTA has been the topic of several other research reports. DA Davidson cut their price target on Ulta Beauty from $510.00 to $415.00 and set a “buy” rating on the stock in a research note on Friday. BMO Capital Markets reduced their price target on shares of Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating for the company in a report on Friday. TD Cowen increased their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price objective on shares of Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Stifel Nicolaus dropped their price objective on Ulta Beauty from $475.00 to $400.00 and set a “hold” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Ulta Beauty currently has a consensus rating of “Hold” and an average target price of $431.13.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA traded up $43.25 during trading hours on Friday, hitting $357.72. 2,283,061 shares of the company’s stock traded hands, compared to its average volume of 1,042,214. The firm has a market capitalization of $16.59 billion, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The business has a fifty day moving average price of $386.49 and a 200-day moving average price of $386.82. Ulta Beauty has a 1 year low of $309.01 and a 1 year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, beating analysts’ consensus estimates of $7.13 by $1.33. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the business posted $8.08 EPS. As a group, equities analysts predict that Ulta Beauty will post 23.96 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Lansforsakringar Fondforvaltning AB publ purchased a new stake in Ulta Beauty in the fourth quarter valued at approximately $6,565,000. Berkeley Inc grew its position in Ulta Beauty by 75.8% in the 4th quarter. Berkeley Inc now owns 10,440 shares of the specialty retailer’s stock valued at $4,541,000 after buying an additional 4,501 shares during the last quarter. Siemens Fonds Invest GmbH lifted its position in Ulta Beauty by 1,015.9% in the fourth quarter. Siemens Fonds Invest GmbH now owns 11,851 shares of the specialty retailer’s stock valued at $5,154,000 after purchasing an additional 10,789 shares during the period. GHE LLC increased its holdings in Ulta Beauty by 17.9% during the 4th quarter. GHE LLC now owns 4,076 shares of the specialty retailer’s stock valued at $1,773,000 after acquiring an additional 620 shares in the last quarter. Finally, Park Square Financial Group LLC purchased a new position in Ulta Beauty during the fourth quarter worth $123,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.