Ulta Beauty (NASDAQ:ULTA - Free Report) had its price target upped by Loop Capital from $450.00 to $480.00 in a report issued on Monday,Benzinga reports. Loop Capital currently has a buy rating on the specialty retailer's stock.
A number of other equities research analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Ulta Beauty from $426.00 to $424.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. Robert W. Baird reduced their price target on shares of Ulta Beauty from $525.00 to $485.00 and set an "outperform" rating for the company in a research report on Friday, August 23rd. Wells Fargo & Company lifted their price target on shares of Ulta Beauty from $300.00 to $350.00 and gave the company an "underweight" rating in a research report on Friday. Stifel Nicolaus lifted their price target on shares of Ulta Beauty from $395.00 to $455.00 and gave the company a "hold" rating in a research report on Friday. Finally, Canaccord Genuity Group lifted their price target on shares of Ulta Beauty from $442.00 to $476.00 and gave the company a "buy" rating in a research report on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $439.30.
Read Our Latest Stock Report on Ulta Beauty
Ulta Beauty Stock Performance
Shares of ULTA stock traded down $10.16 during mid-day trading on Monday, hitting $418.01. 1,181,920 shares of the stock were exchanged, compared to its average volume of 984,311. Ulta Beauty has a 12-month low of $318.17 and a 12-month high of $574.76. The stock's fifty day simple moving average is $374.73 and its two-hundred day simple moving average is $376.92. The stock has a market capitalization of $19.38 billion, a price-to-earnings ratio of 16.73, a P/E/G ratio of 2.42 and a beta of 1.33.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data 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 return on equity of 51.95% and a net margin of 10.58%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the company earned $5.07 EPS. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. On average, research analysts expect that Ulta Beauty will post 23.48 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Ulta Beauty
A number of institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in Ulta Beauty by 83.3% during the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer's stock worth $25,000 after acquiring an additional 30 shares during the period. Innealta Capital LLC bought a new position in Ulta Beauty in the 2nd quarter worth about $32,000. Paladin Wealth LLC bought a new position in Ulta Beauty in the 3rd quarter worth about $32,000. Westside Investment Management Inc. grew its position in Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 50 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its position in Ulta Beauty by 118.4% in 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 during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.
About Ulta Beauty
(
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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.
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