Ulta Beauty (NASDAQ:ULTA) Given New $395.00 Price Target at Stifel Nicolaus

Ulta Beauty (NASDAQ:ULTA) had its price target hoisted by Stifel Nicolaus from $385.00 to $395.00 in a report released on Thursday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the specialty retailer’s stock.

ULTA has been the topic of a number of other research reports. Wells Fargo & Company decreased their price objective on shares of Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, August 30th. Raymond James lowered their price target on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a report on Monday. BMO Capital Markets reduced their price objective on Ulta Beauty from $500.00 to $385.00 and set a “market perform” rating on the stock in a report on Friday, August 30th. Citigroup lowered their target price on Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Finally, The Goldman Sachs Group cut their price target on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $423.71.

Ulta Beauty Price Performance

Shares of ULTA opened at $371.72 on Thursday. The company has a market capitalization of $17.52 billion, a P/E ratio of 14.92, a PEG ratio of 2.12 and a beta of 1.32. Ulta Beauty has a one year low of $318.17 and a one year high of $574.76. The business’s 50 day simple moving average is $372.98 and its 200-day simple moving average is $388.43.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data 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). The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.02 EPS. On average, sell-side analysts anticipate that Ulta Beauty will post 23.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ULTA. Choreo LLC raised its position in shares of Ulta Beauty by 71.7% during 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 period. Duality Advisers LP raised its holdings in Ulta Beauty by 92.8% during the 1st quarter. Duality Advisers LP now owns 7,278 shares of the specialty retailer’s stock worth $3,806,000 after buying an additional 3,504 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Ulta Beauty by 10.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,799 shares of the specialty retailer’s stock worth $46,954,000 after buying an additional 8,337 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in Ulta Beauty in the second quarter valued at approximately $19,136,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Ulta Beauty by 5.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,778 shares of the specialty retailer’s stock valued at $1,072,000 after buying an additional 139 shares during the period. 90.39% of the stock is currently owned by 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.