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

Ulta Beauty (NASDAQ:ULTA) had its target price increased by equities researchers at Citigroup from $450.00 to $457.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. Citigroup’s price objective indicates a potential upside of 5.74% from the company’s previous close.

Several other research analysts also recently weighed in on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $500.00 price target on shares of Ulta Beauty in a research note on Tuesday. Wells Fargo & Company lifted their target price on shares of Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a research note on Tuesday. JPMorgan Chase & Co. upped their price target on shares of Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Stifel Nicolaus boosted their target price on shares of Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a report on Tuesday. Finally, Barclays raised their price target on Ulta Beauty from $335.00 to $410.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $454.43.

Ulta Beauty Stock Up 0.2 %

NASDAQ ULTA traded up $0.89 during trading hours on Tuesday, reaching $432.19. 1,424,741 shares of the company were exchanged, compared to its average volume of 825,157. The stock has a market capitalization of $20.04 billion, a P/E ratio of 17.29, a P/E/G ratio of 2.38 and a beta of 1.28. Ulta Beauty has a 1 year low of $318.17 and a 1 year high of $574.76. The business’s 50 day simple moving average is $398.53 and its 200-day simple moving average is $383.10.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the business posted $5.07 EPS. Ulta Beauty’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ulta Beauty will post 23.57 earnings per share for the current year.

Hedge Funds Weigh In On Ulta Beauty

A number of hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC grew its stake in shares of Ulta Beauty by 4.7% in the third quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock worth $244,000 after purchasing an additional 28 shares during the last quarter. Brighton Jones LLC grew its position in shares of Ulta Beauty by 1.8% in the 2nd quarter. Brighton Jones LLC now owns 1,826 shares of the specialty retailer’s stock worth $705,000 after buying an additional 33 shares during the last quarter. Daymark Wealth Partners LLC increased its stake in shares of Ulta Beauty by 3.0% during the second quarter. Daymark Wealth Partners LLC now owns 1,221 shares of the specialty retailer’s stock valued at $471,000 after buying an additional 36 shares during the period. Trust Investment Advisors raised its holdings in shares of Ulta Beauty by 2.5% during the second quarter. Trust Investment Advisors now owns 1,491 shares of the specialty retailer’s stock valued at $575,000 after acquiring an additional 37 shares in the last quarter. Finally, Global Trust Asset Management LLC lifted its stake in Ulta Beauty by 39.6% in the third quarter. Global Trust Asset Management LLC now owns 141 shares of the specialty retailer’s stock worth $55,000 after acquiring an additional 40 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

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.