Ulta Beauty (NASDAQ:ULTA) Price Target Increased to $395.00 by Analysts at Stifel Nicolaus

Ulta Beauty (NASDAQ:ULTA) had its price target lifted by Stifel Nicolaus from $385.00 to $395.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “hold” rating on the specialty retailer’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 5.30% from the company’s previous close.

A number of other brokerages have also weighed in on ULTA. Evercore ISI decreased their target price on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, August 26th. Piper Sandler upped their price objective on shares of Ulta Beauty from $356.00 to $357.00 and gave the stock a “neutral” rating in a research report on Thursday. TD Cowen dropped their target price on shares of Ulta Beauty from $395.00 to $390.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Canaccord Genuity Group decreased their price target on shares of Ulta Beauty from $522.00 to $500.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $435.00 price objective on shares of Ulta Beauty in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ulta Beauty has an average rating of “Hold” and a consensus target price of $424.13.

Ulta Beauty Trading Up 0.5 %

Shares of ULTA stock traded up $1.91 during trading on Thursday, reaching $375.12. 501,510 shares of the company’s stock traded hands, compared to its average volume of 967,495. Ulta Beauty has a 1 year low of $318.17 and a 1 year high of $574.76. The firm’s 50-day moving average is $372.09 and its 200 day moving average is $388.55. The company has a market capitalization of $17.68 billion, a P/E ratio of 15.05, a PEG ratio of 2.12 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTA) last issued its 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 during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the prior year, the business earned $6.02 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, sell-side analysts predict that Ulta Beauty will post 23.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ulta Beauty

Institutional investors have recently added to or reduced their stakes in the company. Global Assets Advisory LLC bought a new position in shares of Ulta Beauty during the first quarter valued at approximately $176,753,000. Hsbc Holdings PLC boosted its stake in Ulta Beauty by 87.3% in the 2nd quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer’s stock worth $130,380,000 after purchasing an additional 157,497 shares in the last quarter. Boston Partners lifted its stake in shares of Ulta Beauty by 47.7% in the first quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock worth $246,862,000 after buying an additional 153,727 shares in the last quarter. TD Asset Management Inc lifted its position in Ulta Beauty by 33.6% in the 1st quarter. TD Asset Management Inc now owns 544,072 shares of the specialty retailer’s stock valued at $284,484,000 after acquiring an additional 136,725 shares in the last quarter. Finally, Swedbank AB lifted its holdings in shares of Ulta Beauty by 107.0% during the second quarter. Swedbank AB now owns 240,191 shares of the specialty retailer’s stock valued at $92,683,000 after purchasing an additional 124,164 shares in the last quarter. Institutional investors 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.