Ulta Beauty (NASDAQ:ULTA) PT Lowered to $390.00

Ulta Beauty (NASDAQ:ULTA) had its target price lowered by analysts at TD Cowen from $395.00 to $390.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “hold” rating on the specialty retailer’s stock. TD Cowen’s price objective indicates a potential upside of 2.15% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group decreased their target price on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Loop Capital decreased their target price on Ulta Beauty from $520.00 to $450.00 and set a “buy” rating on the stock in a report on Tuesday, September 3rd. Bank of America decreased their target price on Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a report on Friday, August 30th. DA Davidson decreased their price target on Ulta Beauty from $507.00 to $435.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Finally, Barclays raised their price target on Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $425.08.

Ulta Beauty Price Performance

ULTA stock opened at $381.80 on Thursday. The company has a market cap of $17.99 billion, a P/E ratio of 14.89, a price-to-earnings-growth ratio of 2.13 and a beta of 1.32. Ulta Beauty has a 1 year low of $318.17 and a 1 year high of $574.76. The stock’s fifty day moving average price is $368.67 and its 200-day moving average price is $397.94.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 EPS 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 company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the prior year, the business posted $6.02 earnings per share. Ulta Beauty’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, analysts expect that Ulta Beauty will post 23.21 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its position in Ulta Beauty by 83.3% in the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 30 shares in the last quarter. Vima LLC purchased a new position in Ulta Beauty in the fourth quarter worth about $27,000. Riverview Trust Co purchased a new position in Ulta Beauty in the first quarter worth about $30,000. Sound Income Strategies LLC grew its position in Ulta Beauty by 490.0% in the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 49 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in Ulta Beauty in the first quarter worth about $31,000. Hedge funds and other 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.