Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $485.00

Ulta Beauty (NASDAQ:ULTA) had its target price lifted by Barclays from $327.00 to $485.00 in a research report sent to investors on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the specialty retailer’s stock.

ULTA has been the topic of a number of other reports. JPMorgan Chase & Co. boosted their price target on shares of Ulta Beauty from $477.00 to $525.00 and gave the stock an “overweight” rating in a research note on Friday, May 30th. B. Riley cut their price objective on Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. UBS Group increased their price objective on Ulta Beauty from $490.00 to $525.00 and gave the company a “buy” rating in a research note on Friday, May 30th. Argus lowered Ulta Beauty from a “buy” rating to a “hold” rating in a report on Monday, April 14th. Finally, Oppenheimer upped their price target on Ulta Beauty from $465.00 to $510.00 and gave the stock an “outperform” rating in a report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $460.91.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $465.64 on Monday. The company has a fifty day moving average of $390.96 and a two-hundred day moving average of $389.94. Ulta Beauty has a fifty-two week low of $309.01 and a fifty-two week high of $491.98. The stock has a market capitalization of $21.02 billion, a PE ratio of 18.63, a P/E/G ratio of 0.89 and a beta of 1.06.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, topping the consensus estimate of $5.73 by $0.97. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.79 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.47 EPS. Research analysts forecast that Ulta Beauty will post 23.96 earnings per share for the current year.

Insider Activity at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total transaction of $332,982.32. Following the transaction, the insider now owns 7,632 shares of the company’s stock, valued at $2,817,429.12. The trade was a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.17% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ulta Beauty

Large investors have recently modified their holdings of the company. Cornerstone Investment Partners LLC boosted its stake in Ulta Beauty by 3.9% during the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock worth $289,000 after purchasing an additional 25 shares during the period. Wambolt & Associates LLC raised its holdings in shares of Ulta Beauty by 1.6% in the first quarter. Wambolt & Associates LLC now owns 1,673 shares of the specialty retailer’s stock valued at $626,000 after buying an additional 26 shares during the last quarter. Westside Investment Management Inc. boosted its stake in shares of Ulta Beauty by 32.5% during the first quarter. Westside Investment Management Inc. now owns 110 shares of the specialty retailer’s stock worth $40,000 after buying an additional 27 shares during the period. RWA Wealth Partners LLC grew its holdings in shares of Ulta Beauty by 1.5% during the fourth quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer’s stock worth $812,000 after buying an additional 28 shares during the last quarter. Finally, Procyon Advisors LLC increased its position in Ulta Beauty by 4.3% in the 1st quarter. Procyon Advisors LLC now owns 707 shares of the specialty retailer’s stock valued at $259,000 after acquiring an additional 29 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

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.