Ulta Beauty (NASDAQ:ULTA) Given New $440.00 Price Target at Raymond James

Ulta Beauty (NASDAQ:ULTA) had its price objective decreased by Raymond James from $450.00 to $440.00 in a research report report published on Monday morning, Benzinga reports. Raymond James currently has an outperform rating on the specialty retailer’s stock.

Other analysts also recently issued research reports about the stock. Barclays raised their price target on shares of Ulta Beauty from $328.00 to $335.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. Stifel Nicolaus cut their target price on Ulta Beauty from $475.00 to $385.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Telsey Advisory Group decreased their price target on Ulta Beauty from $500.00 to $450.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. DA Davidson cut their price objective on Ulta Beauty from $507.00 to $435.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Finally, Evercore ISI decreased their target price on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Ulta Beauty currently has a consensus rating of “Hold” and a consensus target price of $423.71.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $371.72 on Monday. Ulta Beauty has a one year low of $318.17 and a one year high of $574.76. The stock has a market cap of $17.52 billion, a PE ratio of 14.92, a P/E/G ratio of 2.12 and a beta of 1.32. The stock has a 50 day moving average price of $372.98 and a 200 day moving average price of $388.43.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The firm’s revenue was up .9% compared to the same quarter last year. During the same period last year, the business earned $6.02 earnings per share. As a group, analysts predict that Ulta Beauty will post 23.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ulta Beauty

Several hedge funds and other institutional investors have recently bought and sold shares of ULTA. Global Assets Advisory LLC acquired a new stake in shares of Ulta Beauty during the first quarter worth about $176,753,000. Los Angeles Capital Management LLC lifted its stake in Ulta Beauty by 210.4% in the first quarter. Los Angeles Capital Management LLC now owns 271,550 shares of the specialty retailer’s stock valued at $141,988,000 after buying an additional 184,060 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Ulta Beauty by 87.3% in the second quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer’s stock valued at $130,380,000 after buying an additional 157,497 shares during the last quarter. Boston Partners grew its position in shares of Ulta Beauty by 47.7% during the first quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock worth $246,862,000 after acquiring an additional 153,727 shares during the last quarter. Finally, TD Asset Management Inc grew its position in shares of Ulta Beauty by 33.6% during the first quarter. TD Asset Management Inc now owns 544,072 shares of the specialty retailer’s stock worth $284,484,000 after acquiring an additional 136,725 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

About Ulta Beauty

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.