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

StockNews.com upgraded shares of Ulta Beauty (NASDAQ:ULTA) from a sell rating to a hold rating in a research note issued to investors on Saturday.

A number of other equities research analysts have also weighed in on ULTA. TD Cowen lowered Ulta Beauty from a buy rating to a hold rating and set a $395.00 price target on the stock. in a research note on Monday, September 23rd. Oppenheimer dropped their price target on Ulta Beauty from $450.00 to $435.00 and set an outperform rating on the stock in a research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft dropped their price target on Ulta Beauty from $552.00 to $448.00 and set a buy rating on the stock in a research note on Wednesday, August 28th. Telsey Advisory Group dropped their price target on Ulta Beauty from $500.00 to $450.00 and set an outperform rating on the stock in a research note on Friday, August 30th. Finally, BMO Capital Markets dropped their target price on Ulta Beauty from $500.00 to $385.00 and set a market perform rating on the stock in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $425.29.

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock opened at $379.13 on Friday. The company has a market capitalization of $17.86 billion, a PE ratio of 14.79, a P/E/G ratio of 2.31 and a beta of 1.31. The company has a 50-day simple moving average of $368.15 and a two-hundred day simple moving average of $399.34. Ulta Beauty has a one year low of $318.17 and a one year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter in the previous year, the firm posted $6.02 EPS. Ulta Beauty’s revenue was up .9% on a year-over-year basis. On average, equities analysts predict that Ulta Beauty will post 23.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. UMB Bank n.a. raised its stake in shares of Ulta Beauty by 83.3% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after buying an additional 30 shares during the period. Vima LLC acquired a new position in Ulta Beauty in the 4th quarter valued at $27,000. Riverview Trust Co acquired a new position in Ulta Beauty in the 1st quarter valued at $30,000. Sound Income Strategies LLC raised its stake in Ulta Beauty by 490.0% in the 1st quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 49 shares during the last quarter. Finally, LRI Investments LLC acquired a new position in Ulta Beauty in the 1st quarter valued at $31,000. 90.39% of the stock is owned by institutional investors and hedge funds.

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.