Ulta Beauty (NASDAQ:ULTA) Given New $480.00 Price Target at TD Cowen

Ulta Beauty (NASDAQ:ULTA - Free Report) had its price objective upped by TD Cowen from $450.00 to $480.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a hold rating on the specialty retailer's stock.

Several other equities research analysts have also recently weighed in on ULTA. Piper Sandler upped their price target on shares of Ulta Beauty from $390.00 to $394.00 and gave the stock a "neutral" rating in a research report on Monday. BMO Capital Markets increased their price target on shares of Ulta Beauty from $385.00 to $420.00 and gave the stock a "market perform" rating in a report on Friday, December 6th. Raymond James decreased their price target on Ulta Beauty from $450.00 to $440.00 and set an "outperform" rating for the company in a report on Monday, October 14th. Stifel Nicolaus upped their target price on Ulta Beauty from $455.00 to $475.00 and gave the stock a "hold" rating in a research note on Tuesday. Finally, B. Riley raised shares of Ulta Beauty from a "sell" rating to a "neutral" rating and increased their price objective for the company from $330.00 to $430.00 in a report on Tuesday. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $458.78.

Ulta Beauty Price Performance

Shares of ULTA traded down $13.13 on Wednesday, reaching $415.14. The company's stock had a trading volume of 776,901 shares, compared to its average volume of 906,652. The stock's 50 day simple moving average is $399.50 and its two-hundred day simple moving average is $383.42. Ulta Beauty has a 12-month low of $318.17 and a 12-month high of $574.76. The stock has a market capitalization of $19.25 billion, a P/E ratio of 16.61, a PEG ratio of 2.38 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping analysts' consensus estimates of $4.45 by $0.69. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. Ulta Beauty's revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.07 earnings per share. Analysts expect that Ulta Beauty will post 23.57 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Douglas Lane & Associates LLC lifted its position in shares of Ulta Beauty by 5.4% during the fourth quarter. Douglas Lane & Associates LLC now owns 2,109 shares of the specialty retailer's stock worth $917,000 after purchasing an additional 108 shares in the last quarter. Nordea Investment Management AB raised its stake in Ulta Beauty by 14.0% during the 4th quarter. Nordea Investment Management AB now owns 32,031 shares of the specialty retailer's stock worth $14,015,000 after acquiring an additional 3,935 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Ulta Beauty by 170.4% in the 4th quarter. GAMMA Investing LLC now owns 1,141 shares of the specialty retailer's stock valued at $496,000 after purchasing an additional 719 shares during the last quarter. Synovus Financial Corp lifted its stake in Ulta Beauty by 5.2% in the third quarter. Synovus Financial Corp now owns 2,556 shares of the specialty retailer's stock valued at $995,000 after buying an additional 126 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new position in Ulta Beauty during the 3rd quarter worth $212,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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.