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

Ulta Beauty (NASDAQ:ULTA) had its price objective upped by Citigroup from $450.00 to $457.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the specialty retailer’s stock.

Other equities research analysts also recently issued reports about the company. William Blair downgraded Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. DA Davidson raised their price objective on shares of Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Loop Capital increased their price target on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Wells Fargo & Company lifted their price target on shares of Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a research note on Tuesday. Finally, Oppenheimer raised their target price on Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, thirteen have assigned 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 an average price target of $454.43.

Ulta Beauty Stock Down 0.7 %

Shares of Ulta Beauty stock opened at $428.27 on Tuesday. The company has a market cap of $19.86 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 2.38 and a beta of 1.28. The company’s 50 day moving average is $399.50 and its 200 day moving average is $383.42. Ulta Beauty has a twelve month low of $318.17 and a twelve month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $5.07 EPS. Sell-side analysts expect that Ulta Beauty will post 23.57 EPS for the current fiscal year.

Institutional Investors Weigh In On Ulta Beauty

Several large investors have recently made changes to their positions in the company. Paladin Wealth LLC bought a new position in Ulta Beauty during the third quarter valued at approximately $32,000. Sunbelt Securities Inc. raised its holdings in shares of 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 acquiring an additional 45 shares in the last quarter. Westside Investment Management Inc. boosted its position in shares of Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 50 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Ulta Beauty in the third quarter valued at $41,000. Finally, American National Bank & Trust bought a new stake in Ulta Beauty in the third quarter worth $44,000. 90.39% of the stock is owned by institutional investors.

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.