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

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

Several other analysts also recently issued reports on ULTA. StockNews.com downgraded shares of Ulta Beauty from a “hold” rating to a “sell” rating in a research report on Friday, December 20th. 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. JPMorgan Chase & Co. lifted their price target on Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Canaccord Genuity Group increased their price objective on Ulta Beauty from $442.00 to $476.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $500.00 target price on shares of Ulta Beauty in a research report on Tuesday. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $460.30.

Ulta Beauty Trading Down 3.1 %

NASDAQ:ULTA opened at $415.14 on Tuesday. Ulta Beauty has a 12 month low of $318.17 and a 12 month high of $574.76. 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 firm has a fifty day simple moving average of $401.20 and a two-hundred day simple moving average of $383.86.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. The business had revenue of $2.53 billion during 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%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $5.07 EPS. Equities analysts predict that Ulta Beauty will post 23.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

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.