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

Ulta Beauty (NASDAQ:ULTA) had its price objective hoisted by analysts at Stifel Nicolaus from $455.00 to $475.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the specialty retailer’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 7.42% from the stock’s previous close.

A number of other research analysts have also recently commented on the stock. Citigroup increased their price target on shares of Ulta Beauty from $390.00 to $450.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Canaccord Genuity Group increased their target price on shares of Ulta Beauty from $442.00 to $476.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. TD Cowen lowered their price target on shares of Ulta Beauty from $390.00 to $380.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Piper Sandler raised their price objective on Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Raymond James lowered their target price on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $442.96.

Ulta Beauty Trading Up 2.5 %

Shares of ULTA stock traded up $10.87 during trading hours on Tuesday, hitting $442.17. 755,135 shares of the company were exchanged, compared to its average volume of 634,627. Ulta Beauty has a 52-week low of $318.17 and a 52-week high of $574.76. The firm has a fifty day simple moving average of $398.53 and a 200 day simple moving average of $383.10. The stock has a market capitalization of $20.50 billion, a price-to-earnings ratio of 17.69, a P/E/G ratio of 2.38 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results 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. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $5.07 earnings per share. Sell-side analysts anticipate that Ulta Beauty will post 23.57 EPS for the current year.

Hedge Funds Weigh In On Ulta Beauty

Several hedge funds and other institutional investors have recently bought and sold shares of ULTA. International Assets Investment Management LLC lifted its position in Ulta Beauty by 180,713.0% during the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock valued at $481,952,000 after purchasing an additional 1,237,884 shares during the period. Ontario Teachers Pension Plan Board bought a new position in shares of Ulta Beauty during the 3rd quarter valued at $359,480,000. Holocene Advisors LP lifted its holdings in shares of Ulta Beauty by 3,246.2% during the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock valued at $134,737,000 after buying an additional 335,914 shares during the period. Atreides Management LP bought a new stake in shares of Ulta Beauty in the third quarter worth $73,069,000. Finally, Hsbc Holdings PLC grew its holdings in shares of Ulta Beauty by 87.3% in the second quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer’s stock worth $130,380,000 after acquiring an additional 157,497 shares during the period. 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.