Ulta Beauty (NASDAQ:ULTA) Given New $394.00 Price Target at Piper Sandler

Ulta Beauty (NASDAQ:ULTA) had its target price lifted by Piper Sandler from $390.00 to $394.00 in a research note published on Monday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the specialty retailer’s stock.

A number of other research analysts have also issued reports on the stock. Barclays increased their target price on shares of Ulta Beauty from $335.00 to $410.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft reduced their price target on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Canaccord Genuity Group lifted their price objective on Ulta Beauty from $442.00 to $476.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Stifel Nicolaus increased their target price on Ulta Beauty from $395.00 to $455.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Finally, Oppenheimer boosted their price target on Ulta Beauty from $435.00 to $505.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ulta Beauty currently has an average rating of “Hold” and a consensus target price of $440.78.

Ulta Beauty Trading Down 0.0 %

Ulta Beauty stock opened at $431.30 on Monday. The company has a market capitalization of $20.00 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 2.38 and a beta of 1.28. Ulta Beauty has a 12 month low of $318.17 and a 12 month high of $574.76. The stock’s 50 day moving average is $398.53 and its 200-day moving average is $383.10.

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

Institutional Trading of Ulta Beauty

Hedge funds and other institutional investors have recently made changes to their positions in the company. Paladin Wealth LLC acquired a new stake in Ulta Beauty during the 3rd quarter worth approximately $32,000. Sunbelt Securities Inc. raised its stake in shares of Ulta Beauty by 118.4% during the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 45 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 50 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of Ulta Beauty during the third quarter worth $41,000. Finally, American National Bank & Trust bought a new stake in shares of Ulta Beauty in the third quarter worth $44,000. 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.