Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $475.00

Ulta Beauty (NASDAQ:ULTA) had its price target increased by Stifel Nicolaus from $455.00 to $475.00 in a report released on Tuesday,Benzinga reports. They currently have a hold rating on the specialty retailer’s stock.

A number of other research analysts have also recently commented on the company. BMO Capital Markets increased their target price on Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. B. Riley raised Ulta Beauty from a “sell” rating to a “neutral” rating and raised their price objective for the company from $330.00 to $430.00 in a report on Tuesday. Wells Fargo & Company boosted their target price on Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a research report on Tuesday. 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 research report on Friday, December 6th. Finally, Oppenheimer boosted their price objective on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $460.30.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $415.14 on Tuesday. The firm has a fifty day moving average price of $401.20 and a two-hundred day moving average price of $383.86. The company has a market cap of $19.25 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 2.38 and a beta of 1.28. Ulta Beauty has a one year low of $318.17 and a one year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the company earned $5.07 earnings per share. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. Equities research analysts expect that Ulta Beauty will post 23.57 EPS for the current fiscal year.

Institutional Investors Weigh In On Ulta Beauty

A number of large investors have recently modified their holdings of the stock. International Assets Investment Management LLC raised its stake in Ulta Beauty by 180,713.0% in the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock worth $481,952,000 after buying an additional 1,237,884 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Ulta Beauty by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock worth $461,059,000 after acquiring an additional 10,153 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new position in shares of Ulta Beauty in the 3rd quarter valued at approximately $359,480,000. Champlain Investment Partners LLC boosted its position in shares of Ulta Beauty by 5.4% during the third quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock valued at $237,519,000 after purchasing an additional 31,540 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt grew its stake in Ulta Beauty by 14.4% in the third quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer’s stock worth $200,944,000 after purchasing an additional 65,000 shares during the period. 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.