Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $445.00 at Barclays

Ulta Beauty (NASDAQ:ULTA) had its target price lifted by investment analysts at Barclays from $410.00 to $445.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the specialty retailer’s stock. Barclays‘s price target suggests a potential upside of 7.19% from the stock’s current price.

A number of other research firms have also recently issued reports on ULTA. Raymond James decreased their price objective on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a research report on Monday, October 14th. Piper Sandler boosted their price target on Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a report on Monday. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday. BMO Capital Markets upped their target price on Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $460.30.

Ulta Beauty Stock Performance

NASDAQ ULTA traded down $13.13 during trading on Thursday, hitting $415.14. 776,901 shares of the company’s stock traded hands, compared to its average volume of 906,652. The stock has a market capitalization of $19.25 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 2.38 and a beta of 1.28. The business has a 50 day moving average of $400.28 and a 200-day moving average of $383.64. Ulta Beauty has a 12-month low of $318.17 and a 12-month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $5.07 EPS. On average, analysts expect that Ulta Beauty will post 23.57 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Paladin Wealth LLC purchased a new stake in Ulta Beauty in the third quarter worth $32,000. Sunbelt Securities Inc. increased its stake in Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after buying an additional 45 shares during the period. Westside Investment Management Inc. lifted its holdings in Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 50 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Ulta Beauty in the 3rd quarter valued at about $41,000. Finally, American National Bank & Trust bought a new position in Ulta Beauty in the 3rd quarter worth about $44,000. 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.