Ulta Beauty (NASDAQ:ULTA) Given New $472.00 Price Target at JPMorgan Chase & Co.

Ulta Beauty (NASDAQ:ULTA) had its price objective increased by JPMorgan Chase & Co. from $450.00 to $472.00 in a research report sent to investors on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the specialty retailer’s stock.

ULTA has been the topic of a number of other reports. TD Cowen cut their target price on Ulta Beauty from $390.00 to $380.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Wells Fargo & Company reduced their price objective on shares of Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating for the company in a research note on Friday, August 30th. Oppenheimer reiterated an “outperform” rating and issued a $435.00 target price on shares of Ulta Beauty in a report on Wednesday, October 16th. Stifel Nicolaus upped their price target on shares of Ulta Beauty from $385.00 to $395.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Finally, BMO Capital Markets set a $385.00 price objective on shares of Ulta Beauty in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $420.71.

Ulta Beauty Trading Up 0.1 %

Shares of Ulta Beauty stock opened at $369.20 on Monday. Ulta Beauty has a 52 week low of $318.17 and a 52 week high of $574.76. The company’s 50-day moving average price is $374.89 and its two-hundred day moving average price is $385.46. The stock has a market cap of $17.40 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 2.12 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing the consensus estimate of $5.47 by ($0.17). The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the company earned $6.02 earnings per share. On average, equities analysts predict that Ulta Beauty will post 23.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Ulta Beauty

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Janiczek Wealth Management LLC increased its holdings in shares of Ulta Beauty by 32.5% during the 1st quarter. Janiczek Wealth Management LLC now owns 102 shares of the specialty retailer’s stock worth $53,000 after purchasing an additional 25 shares during the period. Meeder Advisory Services Inc. grew its holdings in shares of Ulta Beauty by 5.8% during the 1st quarter. Meeder Advisory Services Inc. now owns 478 shares of the specialty retailer’s stock worth $250,000 after purchasing an additional 26 shares in the last quarter. Sage Capital Advisors llc increased its position in shares of Ulta Beauty by 5.4% during the second quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer’s stock valued at $203,000 after purchasing an additional 27 shares during the period. UMB Bank n.a. increased its position in shares of Ulta Beauty by 83.3% during the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 30 shares during the period. Finally, AdvisorNet Financial Inc raised its stake in shares of Ulta Beauty by 5.0% in the second quarter. AdvisorNet Financial Inc now owns 695 shares of the specialty retailer’s stock valued at $268,000 after purchasing an additional 33 shares in 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.