Ulta Beauty (NASDAQ:ULTA - Get Free Report) had its price target lifted by research analysts at Wells Fargo & Company from $350.00 to $370.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an "underweight" rating on the specialty retailer's stock. Wells Fargo & Company's price target points to a potential downside of 13.61% from the stock's current price.
ULTA has been the topic of a number of other reports. BMO Capital Markets upped their target price on shares of Ulta Beauty from $385.00 to $420.00 and gave the company a "market perform" rating in a research report on Friday, December 6th. Citigroup upped their target price on shares of Ulta Beauty from $390.00 to $450.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. UBS Group upped their target price on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Oppenheimer upped their target price on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Ulta Beauty from $426.00 to $424.00 and set a "buy" rating on the stock in a research report on Wednesday, October 9th. 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 company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $454.43.
Check Out Our Latest Stock Analysis on ULTA
Ulta Beauty Trading Down 0.7 %
NASDAQ ULTA traded down $3.03 on Tuesday, hitting $428.27. 1,817,512 shares of the company were exchanged, compared to its average volume of 938,837. The firm has a 50 day moving average of $398.53 and a two-hundred day moving average of $383.10. The company has a market cap of $19.86 billion, a P/E ratio of 17.14, a P/E/G 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 - Get Free Report) last issued its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.45 by $0.69. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm's quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.07 EPS. Research analysts anticipate that Ulta Beauty will post 23.57 EPS for the current fiscal year.
Hedge Funds Weigh In On Ulta Beauty
Several hedge funds have recently made changes to their positions in ULTA. International Assets Investment Management LLC boosted its holdings in shares of Ulta Beauty by 180,713.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer's stock valued at $481,952,000 after buying an additional 1,237,884 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Ulta Beauty by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer's stock valued at $461,059,000 after buying an additional 10,153 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in Ulta Beauty during the 3rd quarter valued at $359,480,000. Champlain Investment Partners LLC lifted its holdings in Ulta Beauty by 5.4% during the 3rd quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer's stock valued at $237,519,000 after purchasing an additional 31,540 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt lifted its holdings in Ulta Beauty by 14.4% during the 3rd quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer's stock valued at $200,944,000 after purchasing an additional 65,000 shares during the last quarter. 90.39% of the stock is owned by institutional investors.
About Ulta Beauty
(
Get Free Report)
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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