Citigroup Cuts Ulta Beauty (NASDAQ:ULTA) Price Target to $365.00

Ulta Beauty (NASDAQ:ULTA - Free Report) had its price target lowered by Citigroup from $405.00 to $365.00 in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has a neutral rating on the specialty retailer's stock.

A number of other brokerages have also issued reports on ULTA. Piper Sandler dropped their target price on Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. UBS Group boosted their price target on Ulta Beauty from $470.00 to $490.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Stifel Nicolaus reduced their price target on Ulta Beauty from $475.00 to $400.00 and set a "hold" rating for the company in a research note on Friday, March 14th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $500.00 price objective on shares of Ulta Beauty in a report on Monday, March 10th. Finally, BMO Capital Markets cut their price target on Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating on the stock in a research note on Friday, March 14th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $427.13.

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Ulta Beauty Trading Up 1.8 %

Ulta Beauty stock traded up $6.19 during mid-day trading on Monday, hitting $347.08. The stock had a trading volume of 340,598 shares, compared to its average volume of 1,039,186. The stock has a 50-day simple moving average of $378.92 and a two-hundred day simple moving average of $386.19. The stock has a market capitalization of $16.09 billion, a PE ratio of 13.93, a P/E/G ratio of 0.89 and a beta of 1.34. Ulta Beauty has a 12 month low of $309.01 and a 12 month high of $531.11.

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

Institutional Trading of Ulta Beauty

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