Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $475.00 at Bank of America

Ulta Beauty (NASDAQ:ULTA) had its target price upped by research analysts at Bank of America from $460.00 to $475.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the specialty retailer’s stock. Bank of America‘s price target suggests a potential upside of 9.99% from the stock’s previous close.

A number of other brokerages have also recently weighed in on ULTA. Citigroup lifted their price objective on Ulta Beauty from $390.00 to $450.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. UBS Group boosted their target price on Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a report on Friday, December 6th. StockNews.com cut shares of Ulta Beauty from a “hold” rating to a “sell” rating in a research note on Friday, December 20th. Barclays raised their price objective on shares of Ulta Beauty from $335.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Finally, DA Davidson upped their target price on Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Two research 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 data from MarketBeat, Ulta Beauty currently has a consensus rating of “Hold” and a consensus price target of $451.43.

Ulta Beauty Stock Up 0.1 %

Shares of Ulta Beauty stock traded up $0.56 on Tuesday, reaching $431.86. 1,052,392 shares of the stock were exchanged, compared to its average volume of 730,028. The business has a 50 day moving average price of $398.53 and a two-hundred day moving average price of $383.10. The firm has a market capitalization of $20.03 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 2.38 and a beta of 1.28. Ulta Beauty has a twelve month low of $318.17 and a twelve 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 earnings per share for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $5.07 earnings per share. Research analysts forecast that Ulta Beauty will post 23.57 EPS for the current year.

Institutional Trading of Ulta Beauty

A number of hedge funds have recently bought and sold shares of the company. National Bank of Canada FI lifted its holdings in Ulta Beauty by 16.6% in the 2nd quarter. National Bank of Canada FI now owns 18,392 shares of the specialty retailer’s stock worth $7,065,000 after buying an additional 2,619 shares during the period. Private Advisor Group LLC raised its position in Ulta Beauty by 65.9% in the second quarter. Private Advisor Group LLC now owns 10,022 shares of the specialty retailer’s stock worth $3,867,000 after acquiring an additional 3,982 shares during the period. Acadian Asset Management LLC bought a new position in Ulta Beauty in the 2nd quarter worth $525,000. Caprock Group LLC grew its position in shares of Ulta Beauty by 1.7% during the second quarter. Caprock Group LLC now owns 4,328 shares of the specialty retailer’s stock valued at $1,670,000 after purchasing an additional 72 shares in the last quarter. Finally, First Foundation Advisors lifted its holdings in shares of Ulta Beauty by 45.9% in the 2nd quarter. First Foundation Advisors now owns 162 shares of the specialty retailer’s stock valued at $63,000 after acquiring an additional 51 shares during the last quarter. 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.