Ulta Beauty (NASDAQ:ULTA) Upgraded at StockNews.com

StockNews.com upgraded shares of Ulta Beauty (NASDAQ:ULTA) from a sell rating to a hold rating in a research report released on Tuesday.

A number of other equities analysts have also recently issued reports on ULTA. Piper Sandler raised their price objective on shares of Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a research note on Monday. JPMorgan Chase & Co. lifted their price objective on Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Raymond James cut their target price on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a research note on Monday, October 14th. William Blair lowered Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Finally, Citigroup upped their price target on Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Ulta Beauty has an average rating of “Hold” and an average price target of $460.30.

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $415.14 on Tuesday. The stock has a market capitalization of $19.25 billion, a P/E ratio of 16.61, a price-to-earnings-growth ratio of 2.38 and a beta of 1.28. Ulta Beauty has a 52 week low of $318.17 and a 52 week high of $574.76. The stock has a fifty day moving average of $401.20 and a 200-day moving average of $383.86.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping 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 firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the company earned $5.07 earnings per share. The company’s revenue was up 1.7% on a year-over-year basis. Equities research analysts forecast that Ulta Beauty will post 23.57 earnings per share for the current fiscal year.

Institutional Trading of Ulta Beauty

Several institutional investors and hedge funds have recently bought and sold shares of ULTA. Farther Finance Advisors LLC increased its position in shares of Ulta Beauty by 4.7% during 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 during the last quarter. Brighton Jones LLC grew its stake in shares of Ulta Beauty by 1.8% in the second quarter. Brighton Jones LLC now owns 1,826 shares of the specialty retailer’s stock valued at $705,000 after buying an additional 33 shares in the last quarter. Daymark Wealth Partners LLC increased its holdings in Ulta Beauty by 3.0% during the second quarter. Daymark Wealth Partners LLC now owns 1,221 shares of the specialty retailer’s stock worth $471,000 after buying an additional 36 shares during the last quarter. Trust Investment Advisors raised its position in Ulta Beauty by 2.5% during the second quarter. Trust Investment Advisors now owns 1,491 shares of the specialty retailer’s stock worth $575,000 after acquiring an additional 37 shares in the last quarter. Finally, Global Trust Asset Management LLC lifted its stake in Ulta Beauty by 39.6% in the third quarter. Global Trust Asset Management LLC now owns 141 shares of the specialty retailer’s stock valued at $55,000 after acquiring an additional 40 shares during the last quarter. 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.