Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $390.00 at Citigroup

Ulta Beauty (NASDAQ:ULTA) had its price objective hoisted by Citigroup from $345.00 to $390.00 in a research report report published on Friday morning,Benzinga reports. They currently have a neutral rating on the specialty retailer’s stock.

Several other research analysts also recently weighed in on the stock. Raymond James decreased their target price on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. The Goldman Sachs Group reduced their price target on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a report on Monday, August 12th. William Blair lowered Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. B. Riley began coverage on shares of Ulta Beauty in a research report on Tuesday, September 10th. They set a “sell” rating and a $300.00 price target for the company. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $450.00 price target on shares of Ulta Beauty in a report on Wednesday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $422.58.

Ulta Beauty Price Performance

Shares of ULTA opened at $386.64 on Friday. Ulta Beauty has a 12 month low of $318.17 and a 12 month high of $574.76. The stock’s 50-day moving average is $374.12 and its two-hundred day moving average is $376.55. The stock has a market cap of $18.22 billion, a PE ratio of 15.52, a P/E/G ratio of 2.16 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 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 company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period last year, the firm posted $6.02 earnings per share. The business’s revenue was up .9% on a year-over-year basis. On average, research analysts anticipate that Ulta Beauty will post 23.07 earnings per share for the current year.

Institutional Trading of Ulta Beauty

Large investors have recently modified their holdings of the company. UMB Bank n.a. grew its position in Ulta Beauty by 83.3% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 30 shares during the last quarter. LRI Investments LLC acquired a new position in shares of Ulta Beauty during the first quarter worth approximately $31,000. Innealta Capital LLC bought a new position in Ulta Beauty in the 2nd quarter worth approximately $32,000. Paladin Wealth LLC acquired a new stake in Ulta Beauty in the 3rd quarter valued at approximately $32,000. Finally, Westside Investment Management Inc. raised its stake in Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds 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.