Stifel Nicolaus Issues Positive Forecast for Ulta Beauty (NASDAQ:ULTA) Stock Price

Ulta Beauty (NASDAQ:ULTA) had its price objective increased by Stifel Nicolaus from $455.00 to $475.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the specialty retailer’s stock.

Other research analysts have also recently issued reports about the stock. Oppenheimer lifted their target price on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday. Piper Sandler upped their price objective on Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a research report on Monday. StockNews.com lowered Ulta Beauty from a “hold” rating to a “sell” rating in a report on Friday, December 20th. B. Riley raised Ulta Beauty from a “sell” rating to a “neutral” rating and upped their price target for the company from $330.00 to $430.00 in a report on Tuesday. Finally, BMO Capital Markets lifted their price objective on Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $460.30.

Ulta Beauty Stock Down 3.1 %

Ulta Beauty stock opened at $415.14 on Tuesday. The stock’s 50 day moving average is $401.20 and its 200 day moving average is $383.86. The company 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. Ulta Beauty has a twelve month low of $318.17 and a twelve month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted $5.07 earnings per share. As a group, equities analysts expect that Ulta Beauty will post 23.57 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ULTA. Douglas Lane & Associates LLC boosted its holdings in Ulta Beauty by 5.4% in the 4th quarter. Douglas Lane & Associates LLC now owns 2,109 shares of the specialty retailer’s stock worth $917,000 after buying an additional 108 shares during the period. Nordea Investment Management AB raised its holdings in Ulta Beauty by 14.0% during the 4th quarter. Nordea Investment Management AB now owns 32,031 shares of the specialty retailer’s stock valued at $14,015,000 after buying an additional 3,935 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Ulta Beauty by 170.4% in the 4th quarter. GAMMA Investing LLC now owns 1,141 shares of the specialty retailer’s stock worth $496,000 after acquiring an additional 719 shares during the last quarter. Synovus Financial Corp boosted its position in shares of Ulta Beauty by 5.2% during the third quarter. Synovus Financial Corp now owns 2,556 shares of the specialty retailer’s stock valued at $995,000 after buying an additional 126 shares during the period. Finally, World Investment Advisors LLC bought a new stake in Ulta Beauty during the 3rd quarter valued at about $212,000. 90.39% of the stock is currently owned by institutional investors.

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.