Ulta Beauty (NASDAQ:ULTA) Given New $445.00 Price Target at Barclays

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

Several other analysts have also commented on ULTA. Stifel Nicolaus increased their price target on shares of Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a research report on Tuesday. Piper Sandler upped their price objective on shares of Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a report on Monday. BMO Capital Markets lifted their target price on shares of Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. UBS Group boosted their target price on shares of Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, B. Riley upgraded Ulta Beauty from a “sell” rating to a “neutral” rating and raised their target price for the stock from $330.00 to $430.00 in a research note on Tuesday. One investment 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 data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $460.30.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA traded down $13.13 during trading hours on Thursday, hitting $415.14. The company’s stock had a trading volume of 776,901 shares, compared to its average volume of 906,652. The firm’s fifty day moving average price is $400.28 and its 200 day moving average price is $383.64. Ulta Beauty has a 52 week low of $318.17 and a 52 week high of $574.76. The company has a market capitalization of $19.25 billion, a price-to-earnings ratio of 16.61, a P/E/G ratio of 2.38 and a beta of 1.28.

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

Institutional Trading of Ulta Beauty

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Paladin Wealth LLC purchased a new stake in Ulta Beauty during the 3rd quarter worth about $32,000. Sunbelt Securities Inc. raised its holdings in shares of Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 45 shares in the last quarter. Westside Investment Management Inc. boosted its position in shares of Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 50 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Ulta Beauty in the 3rd quarter valued at about $41,000. Finally, American National Bank & Trust purchased a new position in Ulta Beauty in the third quarter valued at approximately $44,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

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.