Ulta Beauty (NASDAQ:ULTA) Given New $457.00 Price Target at Citigroup

Ulta Beauty (NASDAQ:ULTA) had its target price boosted by equities research analysts at Citigroup from $450.00 to $457.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the specialty retailer’s stock. Citigroup’s price target points to a potential upside of 5.74% from the company’s previous close.

Several other equities research analysts also recently commented on the company. Piper Sandler boosted their target price on Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a report on Monday. Wells Fargo & Company increased their price objective on shares of Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a research report on Tuesday. UBS Group lifted their target price on shares of Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a report on Friday, December 6th. DA Davidson increased their price target on shares of Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, TD Cowen lowered their price objective on Ulta Beauty from $390.00 to $380.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $454.43.

Ulta Beauty Trading Up 0.2 %

Ulta Beauty stock traded up $0.89 on Tuesday, hitting $432.19. 1,424,741 shares of the stock traded hands, compared to its average volume of 825,157. The business’s fifty day simple moving average is $398.53 and its 200 day simple moving average is $383.10. The firm has a market cap of $20.04 billion, a P/E ratio of 17.29, a price-to-earnings-growth 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) last announced its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the prior year, the company earned $5.07 earnings per share. The business’s revenue was up 1.7% compared to the same quarter last year. As a group, analysts predict that Ulta Beauty will post 23.57 earnings per share for the current year.

Institutional Trading of Ulta Beauty

Hedge funds and other institutional investors have recently modified their holdings of the company. Paladin Wealth LLC bought a new position in Ulta Beauty in the 3rd quarter worth approximately $32,000. Sunbelt Securities Inc. boosted its position in shares of Ulta Beauty by 118.4% during the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 45 shares during the last quarter. Westside Investment Management Inc. grew its stake in Ulta Beauty by 151.5% during the third 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. Harvest Fund Management Co. Ltd bought a new stake in Ulta Beauty in the 3rd quarter valued at $41,000. Finally, American National Bank & Trust purchased a new stake in Ulta Beauty in the 3rd quarter worth $44,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.