Ulta Beauty (NASDAQ:ULTA) Given New $480.00 Price Target at TD Cowen

Ulta Beauty (NASDAQ:ULTA) had its target price boosted by TD Cowen from $450.00 to $480.00 in a report published on Wednesday morning,Benzinga reports. They currently have a hold rating on the specialty retailer’s stock.

A number of other brokerages also recently issued reports on ULTA. BMO Capital Markets upped their price target on Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday. Telsey Advisory Group restated an “outperform” rating and set a $500.00 price target on shares of Ulta Beauty in a research note on Tuesday. UBS Group upped their price objective on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Ulta Beauty presently has a consensus rating of “Hold” and an average price target of $460.30.

Ulta Beauty Price Performance

ULTA opened at $418.23 on Wednesday. The firm has a market capitalization of $19.39 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 2.38 and a beta of 1.28. The business’s 50-day moving average is $402.01 and its two-hundred day moving average is $384.05. Ulta Beauty has a 1 year low of $318.17 and a 1 year high of $574.76.

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

Hedge Funds Weigh In On Ulta Beauty

Institutional investors have recently made changes to their positions in the company. HBW Advisory Services LLC increased its holdings in Ulta Beauty by 11.3% in the fourth quarter. HBW Advisory Services LLC now owns 6,478 shares of the specialty retailer’s stock valued at $2,817,000 after buying an additional 658 shares in the last quarter. ORG Partners LLC purchased a new position in shares of Ulta Beauty in the 4th quarter valued at about $57,000. Douglas Lane & Associates LLC raised its holdings in Ulta Beauty by 5.4% in the 4th quarter. Douglas Lane & Associates LLC now owns 2,109 shares of the specialty retailer’s stock worth $917,000 after purchasing an additional 108 shares during the period. Nordea Investment Management AB boosted its position in Ulta Beauty by 14.0% during the fourth quarter. Nordea Investment Management AB now owns 32,031 shares of the specialty retailer’s stock worth $14,015,000 after purchasing an additional 3,935 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Ulta Beauty by 170.4% in the fourth quarter. GAMMA Investing LLC now owns 1,141 shares of the specialty retailer’s stock valued at $496,000 after purchasing an additional 719 shares during the period. 90.39% of the stock is owned by hedge funds and other 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.