Ulta Beauty (NASDAQ:ULTA) Stock Price Expected to Rise, Citigroup Analyst Says

Ulta Beauty (NASDAQ:ULTA) had its price objective lifted by stock analysts at Citigroup from $450.00 to $457.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the specialty retailer’s stock. Citigroup’s price target suggests a potential upside of 10.08% from the company’s previous close.

ULTA has been the topic of a number of other reports. DA Davidson upped their price target on shares of Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Canaccord Genuity Group upped their price target on shares of Ulta Beauty from $500.00 to $538.00 and gave the company a “buy” rating in a research report on Tuesday. Barclays boosted their price objective on Ulta Beauty from $335.00 to $410.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Loop Capital increased their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, StockNews.com cut Ulta Beauty from a “hold” rating to a “sell” rating in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $458.78.

Ulta Beauty Stock Down 3.1 %

ULTA stock 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 P/E ratio of 16.61, a P/E/G ratio of 2.38 and a beta of 1.28. The company’s 50-day moving average price is $400.28 and its two-hundred day moving average price is $383.64.

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

Hedge Funds Weigh In On Ulta Beauty

Several institutional investors and hedge funds have recently bought and sold shares of ULTA. International Assets Investment Management LLC grew its stake in 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 valued at $481,952,000 after buying an additional 1,237,884 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Ulta Beauty by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock worth $461,059,000 after buying an additional 10,153 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in shares of Ulta Beauty during the 3rd quarter valued at $359,480,000. Champlain Investment Partners LLC lifted its holdings in shares of Ulta Beauty by 5.4% during the 3rd quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock worth $237,519,000 after acquiring an additional 31,540 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt lifted its position in Ulta Beauty by 14.4% in the 3rd quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer’s stock worth $200,944,000 after buying an additional 65,000 shares during the last quarter. 90.39% of the stock is 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.