Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $475.00

Ulta Beauty (NASDAQ:ULTA) had its price objective increased by Bank of America from $460.00 to $475.00 in a research note released on Tuesday,Benzinga reports. They currently have a neutral rating on the specialty retailer’s stock.

Several other analysts have also issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Oppenheimer lifted their price target on Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday. UBS Group boosted their price target on Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a report on Friday, December 6th. TD Cowen reduced their price objective on Ulta Beauty from $390.00 to $380.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Finally, Barclays boosted their target price on Ulta Beauty from $335.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $460.30.

Ulta Beauty Price Performance

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

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

Hedge Funds Weigh In On Ulta Beauty

Hedge funds have recently made changes to their positions in the stock. Paladin Wealth LLC bought a new stake in Ulta Beauty during the third quarter valued at $32,000. Sunbelt Securities Inc. grew its stake in shares of Ulta Beauty by 118.4% in 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. increased its position in Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 50 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Ulta Beauty during the 3rd quarter worth approximately $41,000. Finally, American National Bank & Trust bought a new position in Ulta Beauty in the third quarter worth approximately $44,000. 90.39% of the stock is currently owned by institutional investors.

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.