Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $480.00

Ulta Beauty (NASDAQ:ULTA) had its target price raised by TD Cowen from $450.00 to $480.00 in a report published on Wednesday morning,Benzinga reports. TD Cowen currently has a hold rating on the specialty retailer’s stock.

A number of other analysts have also commented on the company. William Blair lowered Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. Bank of America increased their price objective on Ulta Beauty from $460.00 to $475.00 and gave the stock a “neutral” rating in a report on Tuesday. DA Davidson boosted their price target on shares of Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, December 6th. UBS Group raised their target price on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Loop Capital increased their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $458.78.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $415.14 on Wednesday. Ulta Beauty has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The stock has a 50 day simple moving average of $400.28 and a two-hundred day simple moving average of $383.64. The company has a market cap 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) last posted its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating the consensus estimate of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the firm posted $5.07 earnings per share. The business’s revenue was up 1.7% compared to the same quarter last year. On average, research analysts predict that Ulta Beauty will post 23.57 earnings per share for the current year.

Institutional Investors Weigh In On Ulta Beauty

A number of large investors have recently modified their holdings of ULTA. Farther Finance Advisors LLC boosted its stake in Ulta Beauty by 4.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock worth $244,000 after purchasing an additional 28 shares in the last quarter. Brighton Jones LLC lifted its stake in shares of Ulta Beauty by 1.8% during the second quarter. Brighton Jones LLC now owns 1,826 shares of the specialty retailer’s stock worth $705,000 after buying an additional 33 shares during the period. Daymark Wealth Partners LLC grew its holdings in shares of Ulta Beauty by 3.0% during the second quarter. Daymark Wealth Partners LLC now owns 1,221 shares of the specialty retailer’s stock valued at $471,000 after buying an additional 36 shares during the last quarter. Trust Investment Advisors increased its position in shares of Ulta Beauty by 2.5% in the 2nd quarter. Trust Investment Advisors now owns 1,491 shares of the specialty retailer’s stock valued at $575,000 after acquiring an additional 37 shares during the period. Finally, Global Trust Asset Management LLC raised its stake in Ulta Beauty by 39.6% in the 3rd quarter. Global Trust Asset Management LLC now owns 141 shares of the specialty retailer’s stock worth $55,000 after acquiring an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

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.