Ulta Beauty, Inc. (NASDAQ:ULTA) Receives $427.13 Consensus Price Target from Brokerages

Shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Get Free Report) have been assigned an average rating of "Hold" from the twenty-four analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $427.13.

Several analysts recently issued reports on the company. Stifel Nicolaus dropped their target price on Ulta Beauty from $475.00 to $400.00 and set a "hold" rating on the stock in a report on Friday, March 14th. Piper Sandler dropped their price objective on Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. B. Riley cut their price objective on Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating for the company in a report on Friday, March 14th. BMO Capital Markets lowered their target price on shares of Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating on the stock in a report on Friday, March 14th. Finally, Canaccord Genuity Group dropped their price target on shares of Ulta Beauty from $538.00 to $526.00 and set a "buy" rating on the stock in a research report on Friday, March 14th.

Ulta Beauty Trading Up 4.4 %

Shares of Ulta Beauty stock traded up $15.59 during trading on Friday, reaching $366.16. The stock had a trading volume of 1,081,937 shares, compared to its average volume of 1,044,804. The company has a market capitalization of $16.98 billion, a price-to-earnings ratio of 14.65, a P/E/G ratio of 0.89 and a beta of 1.34. Ulta Beauty has a 52 week low of $309.01 and a 52 week high of $529.67. The stock has a fifty day moving average price of $377.57 and a two-hundred day moving average price of $386.55.

Remove Ads

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, topping analysts' consensus estimates of $7.13 by $1.33. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the firm posted $8.08 EPS. The business's revenue was down 1.9% on a year-over-year basis. On average, equities analysts forecast that Ulta Beauty will post 23.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Ulta Beauty

Several institutional investors and hedge funds have recently modified their holdings of the business. Cornerstone Investment Partners LLC boosted its holdings in Ulta Beauty by 3.9% in the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer's stock valued at $289,000 after purchasing an additional 25 shares during the period. RWA Wealth Partners LLC raised its position in shares of Ulta Beauty by 1.5% in the fourth quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer's stock valued at $812,000 after buying an additional 28 shares in the last quarter. Lido Advisors LLC boosted its stake in shares of Ulta Beauty by 5.0% in the fourth quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer's stock valued at $272,000 after buying an additional 30 shares during the period. Colonial Trust Co SC grew its position in Ulta Beauty by 36.9% during the fourth quarter. Colonial Trust Co SC now owns 115 shares of the specialty retailer's stock worth $50,000 after buying an additional 31 shares in the last quarter. Finally, Stonegate Investment Group LLC increased its stake in Ulta Beauty by 0.5% during the 4th quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer's stock worth $2,881,000 after acquiring an additional 34 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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.