Stifel Nicolaus Issues Pessimistic Forecast for Ulta Beauty (NASDAQ:ULTA) Stock Price

Ulta Beauty (NASDAQ:ULTA) had its target price cut by equities research analysts at Stifel Nicolaus from $475.00 to $400.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “hold” rating on the specialty retailer’s stock. Stifel Nicolaus’ price target points to a potential upside of 11.89% from the company’s current price.

A number of other research analysts have also recently issued reports on the stock. TD Cowen lifted their price target on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Telsey Advisory Group reissued an “outperform” rating and set a $500.00 price target on shares of Ulta Beauty in a research report on Monday, March 10th. BMO Capital Markets lifted their price target on shares of Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Bank of America lowered their price target on shares of Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating for the company in a research report on Friday. Finally, William Blair cut shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $431.13.

Ulta Beauty Trading Up 13.7 %

NASDAQ:ULTA opened at $357.48 on Friday. The company has a 50-day moving average price of $385.01 and a 200-day moving average price of $386.80. Ulta Beauty has a 12 month low of $309.01 and a 12 month high of $544.36. The stock has a market cap of $16.58 billion, a price-to-earnings ratio of 14.30, a P/E/G ratio of 0.89 and a beta of 1.34.

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

Institutional Trading of Ulta Beauty

Large investors have recently made changes to their positions in the stock. Cornerstone Investment Partners LLC grew its position in Ulta Beauty by 3.9% during the fourth quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock valued at $289,000 after buying an additional 25 shares during the period. RWA Wealth Partners LLC grew its position in Ulta Beauty by 1.5% during the fourth quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer’s stock valued at $812,000 after buying an additional 28 shares during the period. Lido Advisors LLC grew its position in Ulta Beauty by 5.0% during the fourth quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer’s stock valued at $272,000 after buying an additional 30 shares during the period. Colonial Trust Co SC grew its position in Ulta Beauty by 36.9% during the fourth quarter. Colonial Trust Co SC now owns 115 shares of the specialty retailer’s stock valued at $50,000 after buying an additional 31 shares during the period. Finally, Stonegate Investment Group LLC grew its position in Ulta Beauty by 0.5% during the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock valued at $2,881,000 after buying an additional 34 shares during the period. 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.