Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $390.00

Ulta Beauty (NASDAQ:ULTA) had its price objective increased by Citigroup from $345.00 to $390.00 in a research note released on Friday,Benzinga reports. They currently have a neutral rating on the specialty retailer’s stock.

Several other equities analysts also recently commented on the stock. Stifel Nicolaus increased their price objective on shares of Ulta Beauty from $385.00 to $395.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Evercore ISI cut their price objective on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a report on Monday, August 26th. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a report on Saturday, September 28th. B. Riley started coverage on Ulta Beauty in a research report on Tuesday, September 10th. They issued a “sell” rating and a $300.00 target price for the company. Finally, Canaccord Genuity Group reduced their price target on Ulta Beauty from $522.00 to $500.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $422.58.

Ulta Beauty Stock Up 3.0 %

ULTA stock opened at $386.64 on Friday. Ulta Beauty has a 52 week low of $318.17 and a 52 week high of $574.76. The business has a 50-day simple moving average of $374.12 and a 200 day simple moving average of $376.18. The company has a market cap of $18.22 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 2.22 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the previous year, the business posted $6.02 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, analysts anticipate that Ulta Beauty will post 23.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Choreo LLC raised its stake in shares of Ulta Beauty by 71.7% in the second quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock worth $1,103,000 after purchasing an additional 1,198 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Ulta Beauty in the 2nd quarter valued at $19,136,000. Whittier Trust Co. of Nevada Inc. lifted its stake in Ulta Beauty by 5.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,778 shares of the specialty retailer’s stock valued at $1,072,000 after acquiring an additional 139 shares in the last quarter. Jensen Investment Management Inc. lifted its stake in Ulta Beauty by 17.9% during the 3rd quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock valued at $4,409,000 after acquiring an additional 1,720 shares in the last quarter. Finally, Distillate Capital Partners LLC purchased a new position in Ulta Beauty during the 2nd quarter worth $14,665,000. Institutional investors and hedge funds 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.