Stifel Nicolaus Forecasts Strong Price Appreciation for Ulta Beauty (NASDAQ:ULTA) Stock

Ulta Beauty (NASDAQ:ULTA) had its target price upped by Stifel Nicolaus from $455.00 to $475.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the specialty retailer’s stock. Stifel Nicolaus’ target price indicates a potential upside of 14.42% from the company’s current price.

Several other equities research analysts also recently issued reports on the stock. Citigroup lifted their price target on shares of Ulta Beauty from $390.00 to $450.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. StockNews.com downgraded shares of Ulta Beauty from a “hold” rating to a “sell” rating in a report on Friday, December 20th. Piper Sandler raised their price target on shares of Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a research report on Monday. Telsey Advisory Group restated an “outperform” rating and set a $500.00 price objective on shares of Ulta Beauty in a research note on Tuesday. Finally, UBS Group lifted their price objective on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ulta Beauty currently has an average rating of “Hold” and a consensus price target of $458.78.

Ulta Beauty Trading Down 3.1 %

NASDAQ:ULTA opened at $415.14 on Tuesday. Ulta Beauty has a 12-month low of $318.17 and a 12-month high of $574.76. The firm has a market cap of $19.25 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 2.38 and a beta of 1.28. The company’s 50-day moving average is $400.28 and its two-hundred day moving average is $383.64.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly 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. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the business earned $5.07 EPS. Ulta Beauty’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities research analysts forecast that Ulta Beauty will post 23.57 earnings per share for the current fiscal year.

Institutional Trading of Ulta Beauty

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its holdings in shares of Ulta Beauty by 180,713.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock worth $481,952,000 after acquiring an additional 1,237,884 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new position in shares of Ulta Beauty during the 3rd quarter valued at $359,480,000. Holocene Advisors LP increased its position in Ulta Beauty by 3,246.2% in the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock worth $134,737,000 after purchasing an additional 335,914 shares during the last quarter. Atreides Management LP bought a new stake in shares of Ulta Beauty in the 3rd quarter valued at approximately $73,069,000. Finally, Hsbc Holdings PLC raised its position in Ulta Beauty by 87.3% during the second quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer’s stock valued at $130,380,000 after acquiring an additional 157,497 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

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.