Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $515.00

Ulta Beauty (NASDAQ:ULTA) had its price target raised by Oppenheimer from $505.00 to $515.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the specialty retailer’s stock.

A number of other analysts also recently weighed in on the stock. UBS Group upped their price target on shares of Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a report on Friday, December 6th. TD Cowen cut their target price on Ulta Beauty from $390.00 to $380.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. BMO Capital Markets lifted their price target on Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Loop Capital upped their price objective on Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Citigroup raised their price objective on Ulta Beauty from $390.00 to $450.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $460.30.

Ulta Beauty Trading Down 3.1 %

Shares of ULTA stock opened at $415.14 on Tuesday. The stock has a 50 day simple moving average of $401.20 and a 200 day simple moving average of $383.86. Ulta Beauty has a 1 year low of $318.17 and a 1 year high of $574.76. The stock has a market cap of $19.25 billion, a P/E ratio of 16.61, a price-to-earnings-growth ratio of 2.38 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last released its 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. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted $5.07 EPS. Analysts forecast that Ulta Beauty will post 23.57 EPS for the current year.

Hedge Funds Weigh In On Ulta Beauty

A number of hedge funds and other institutional investors have recently made changes to their positions in ULTA. International Assets Investment Management LLC raised its holdings in Ulta Beauty by 180,713.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock worth $481,952,000 after purchasing an additional 1,237,884 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new position in Ulta Beauty during the third quarter worth $359,480,000. Holocene Advisors LP lifted its holdings in Ulta Beauty by 3,246.2% in the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock valued at $134,737,000 after buying an additional 335,914 shares during the period. Atreides Management LP bought a new stake in Ulta Beauty during the third quarter valued at $73,069,000. Finally, Hsbc Holdings PLC grew its holdings in Ulta Beauty by 87.3% during the 2nd quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer’s stock worth $130,380,000 after acquiring an additional 157,497 shares during the period. 90.39% of the stock is 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.