Ulta Beauty (NASDAQ:ULTA) Price Target Cut to $365.00 by Analysts at Citigroup

Ulta Beauty (NASDAQ:ULTA) had its target price lowered by Citigroup from $405.00 to $365.00 in a report released on Monday,Benzinga reports. The brokerage currently has a neutral rating on the specialty retailer’s stock.

ULTA has been the subject of a number of other reports. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Loop Capital raised their target price on Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. cut their target price on Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating for the company in a research note on Friday. DA Davidson cut their target price on Ulta Beauty from $510.00 to $415.00 and set a “buy” rating for the company in a research note on Friday. Finally, Canaccord Genuity Group cut their price objective on Ulta Beauty from $538.00 to $526.00 and set a “buy” rating for the company in a research report on Friday. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $427.13.

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $356.99 on Monday. The business has a fifty day moving average price of $383.53 and a 200 day moving average price of $386.87. Ulta Beauty has a one year low of $309.01 and a one year high of $544.36. The company has a market cap of $16.55 billion, a P/E ratio of 14.29, a P/E/G ratio of 0.89 and a beta of 1.34.

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

Hedge Funds Weigh In On Ulta Beauty

A number of hedge funds and other institutional investors have recently bought and sold shares of ULTA. Geode Capital Management LLC boosted its stake in shares of Ulta Beauty by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,199,935 shares of the specialty retailer’s stock valued at $520,587,000 after buying an additional 11,205 shares during the period. Capital World Investors purchased a new position in shares of Ulta Beauty in the 4th quarter valued at about $430,674,000. Ontario Teachers Pension Plan Board purchased a new position in shares of Ulta Beauty in the 3rd quarter valued at about $359,480,000. Deutsche Bank AG raised its position in shares of Ulta Beauty by 1.4% during the 4th quarter. Deutsche Bank AG now owns 655,561 shares of the specialty retailer’s stock worth $285,123,000 after acquiring an additional 9,291 shares in the last quarter. Finally, Champlain Investment Partners LLC raised its position 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 in the last quarter. 90.39% of the stock is currently owned by hedge funds and other 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.