Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $445.00

Ulta Beauty (NASDAQ:ULTA) had its target price increased by Barclays from $410.00 to $445.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have an equal weight rating on the specialty retailer’s stock.

Several other equities research analysts have also commented on the stock. Stifel Nicolaus lifted their price target on shares of Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a research note on Tuesday. DA Davidson lifted their target price on Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. TD Cowen upped their target price on Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research report on Wednesday. Oppenheimer raised their price target on Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $460.30.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA opened at $415.14 on Thursday. The business has a 50-day moving average of $401.20 and a two-hundred day moving average of $383.86. The company has a market capitalization of $19.25 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 2.38 and a beta of 1.28. Ulta Beauty has a 1 year low of $318.17 and a 1 year high of $574.76.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Paladin Wealth LLC purchased a new position in Ulta Beauty during the 3rd quarter valued at about $32,000. Sunbelt Securities Inc. increased its stake in shares of Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 45 shares in the last quarter. Westside Investment Management Inc. grew its holdings in Ulta Beauty by 151.5% during 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 during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Ulta Beauty during the third quarter worth $41,000. Finally, American National Bank & Trust purchased a new position in Ulta Beauty during the third quarter worth $44,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

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.