Ulta Beauty (NASDAQ:ULTA) Given New $445.00 Price Target at Barclays

Ulta Beauty (NASDAQ:ULTA) had its target price boosted by Barclays from $410.00 to $445.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the specialty retailer’s stock.

A number of other research firms also recently commented on ULTA. Piper Sandler increased their price objective on shares of Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a report on Monday. BMO Capital Markets increased their price target on Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Bank of America boosted their price objective on Ulta Beauty from $460.00 to $475.00 and gave the stock a “neutral” rating in a research note on Tuesday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $500.00 target price on shares of Ulta Beauty in a research note on Tuesday. Finally, Loop Capital boosted their price target on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $460.30.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $415.14 on Thursday. The stock has a market capitalization of $19.25 billion, a P/E ratio of 16.61, a PEG ratio of 2.38 and a beta of 1.28. The business has a 50 day simple moving average of $401.20 and a two-hundred day simple moving average of $383.86. Ulta Beauty has a 12 month low of $318.17 and a 12 month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 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 firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the company earned $5.07 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. As a group, research analysts anticipate that Ulta Beauty will post 23.57 EPS for the current fiscal year.

Institutional Investors Weigh In On Ulta Beauty

A number of hedge funds have recently added to or reduced their stakes in ULTA. Paladin Wealth LLC purchased a new stake in shares of Ulta Beauty during the third quarter worth $32,000. Sunbelt Securities Inc. grew its stake in Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 45 shares in the last quarter. Westside Investment Management Inc. increased its holdings in Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 50 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Ulta Beauty in the 3rd quarter valued at about $41,000. Finally, American National Bank & Trust purchased a new position in shares of Ulta Beauty in the 3rd quarter valued at about $44,000. 90.39% of the stock is currently 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.