Ulta Beauty (NASDAQ:ULTA) Price Target Lowered to $327.00 at Barclays

Ulta Beauty (NASDAQ:ULTA) had its price target reduced by equities researchers at Barclays from $445.00 to $327.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the specialty retailer’s stock. Barclays‘s price objective would suggest a potential downside of 8.53% from the company’s previous close.

Several other brokerages also recently weighed in on ULTA. TD Cowen upped their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their target price on shares of Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating for the company in a report on Friday. Oppenheimer upped 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, January 7th. Wells Fargo & Company dropped their price objective on shares of Ulta Beauty from $360.00 to $310.00 and set an “underweight” rating for the company in a report on Friday. Finally, DA Davidson dropped their price objective on shares of Ulta Beauty from $510.00 to $415.00 and set a “buy” rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $431.13.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $357.48 on Friday. The firm has a market capitalization of $16.58 billion, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. Ulta Beauty has a one year low of $309.01 and a one year high of $544.36. The business has a fifty day moving average price of $385.01 and a 200-day moving average price of $386.80.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, topping the consensus estimate of $7.13 by $1.33. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. Ulta Beauty’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $8.08 EPS. On average, equities research analysts expect that Ulta Beauty will post 23.96 earnings per share for the current fiscal year.

Institutional Trading of Ulta Beauty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ULTA. Smartleaf Asset Management LLC increased its position in shares of Ulta Beauty by 28.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer’s stock worth $72,000 after acquiring an additional 37 shares during the period. Integrated Investment Consultants LLC purchased a new position in Ulta Beauty during the third quarter valued at approximately $4,480,000. Thrivent Financial for Lutherans increased its holdings in Ulta Beauty by 382.5% during the third quarter. Thrivent Financial for Lutherans now owns 10,698 shares of the specialty retailer’s stock valued at $4,163,000 after buying an additional 8,481 shares during the period. Advisors Asset Management Inc. increased its holdings in Ulta Beauty by 11.2% during the third quarter. Advisors Asset Management Inc. now owns 17,531 shares of the specialty retailer’s stock valued at $6,822,000 after buying an additional 1,768 shares during the period. Finally, Blueshift Asset Management LLC increased its holdings in Ulta Beauty by 1,052.6% during the third quarter. Blueshift Asset Management LLC now owns 8,218 shares of the specialty retailer’s stock valued at $3,198,000 after buying an additional 7,505 shares during the period. 90.39% of the stock is owned by hedge funds and other 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.