Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $357.00

Ulta Beauty (NASDAQ:ULTA) had its price objective lifted by equities research analysts at Piper Sandler from $356.00 to $357.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. Piper Sandler’s target price would indicate a potential downside of 4.34% from the company’s current price.

A number of other research firms also recently weighed in on ULTA. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Telsey Advisory Group reiterated an “outperform” rating and issued a $450.00 target price on shares of Ulta Beauty in a report on Thursday. Evercore ISI decreased their price target on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a report on Monday, August 26th. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Saturday, September 28th. Finally, Barclays boosted their price objective on shares of Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Ulta Beauty currently has a consensus rating of “Hold” and an average price target of $423.71.

Ulta Beauty Stock Up 1.0 %

Shares of Ulta Beauty stock opened at $373.21 on Thursday. The firm has a market cap of $17.59 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 2.12 and a beta of 1.32. Ulta Beauty has a twelve month low of $318.17 and a twelve month high of $574.76. The business has a 50-day moving average price of $372.09 and a 200-day moving average price of $388.55.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The firm had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same period last year, the company earned $6.02 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. On average, equities analysts expect that Ulta Beauty will post 23.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Ulta Beauty

A number of institutional investors have recently added to or reduced their stakes in ULTA. Riverview Trust Co purchased a new stake in shares of Ulta Beauty during the first quarter valued at about $30,000. Sound Income Strategies LLC boosted its stake in Ulta Beauty by 490.0% in the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 49 shares in the last quarter. LRI Investments LLC purchased a new position in Ulta Beauty in the first quarter worth $31,000. UMB Bank n.a. increased its position in shares of 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 purchasing an additional 30 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Ulta Beauty during the 2nd quarter valued at $32,000. 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.