Ulta Beauty (NASDAQ:ULTA) Price Target Cut to $330.00 by Analysts at B. Riley

Ulta Beauty (NASDAQ:ULTA) had its price target dropped by equities research analysts at B. Riley from $430.00 to $330.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the specialty retailer’s stock. B. Riley’s price objective suggests a potential upside of 4.94% from the stock’s current price.

ULTA has been the subject of several other research reports. Oppenheimer lifted their target price on Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Piper Sandler decreased their target price on Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating for the company in a research report on Friday. Bank of America decreased their target price on Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating for the company in a research report on Friday. DA Davidson lifted their target price on Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $500.00 price target on shares of Ulta Beauty in a report on Monday. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Ulta Beauty presently has a consensus rating of “Hold” and an average target price of $444.43.

Ulta Beauty Stock Down 4.5 %

Shares of NASDAQ ULTA opened at $314.47 on Friday. Ulta Beauty has a fifty-two week low of $309.01 and a fifty-two week high of $574.76. The business has a 50 day moving average price of $386.49 and a two-hundred day moving average price of $386.82. The firm has a market cap of $14.58 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping the consensus estimate of $7.13 by $1.33. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business’s revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $8.08 EPS. On average, analysts anticipate that Ulta Beauty will post 23.96 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. Prestige Wealth Management Group LLC raised its stake in shares of Ulta Beauty by 121.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock worth $27,000 after buying an additional 34 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Ulta Beauty by 118.4% in the 3rd 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 holdings in shares of Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 50 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Ulta Beauty in the 4th quarter worth $43,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in shares of Ulta Beauty in the 4th quarter worth $43,000. 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.