Ulta Beauty (NASDAQ:ULTA) Given New $480.00 Price Target at TD Cowen

Ulta Beauty (NASDAQ:ULTA) had its target price boosted by TD Cowen from $450.00 to $480.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a hold rating on the specialty retailer’s stock.

Several other research analysts have also recently weighed in on the company. BMO Capital Markets increased their price objective on Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Bank of America increased their target price on shares of Ulta Beauty from $460.00 to $475.00 and gave the stock a “neutral” rating in a research report on Tuesday. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. increased their price target on Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, UBS Group lifted their price objective on Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a report on Friday, December 6th. One research 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $458.78.

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $415.14 on Wednesday. The stock has a market cap of $19.25 billion, a PE ratio of 16.61, a P/E/G ratio of 2.38 and a beta of 1.28. The firm has a 50-day moving average of $400.28 and a 200-day moving average of $383.64. Ulta Beauty has a 52-week low of $318.17 and a 52-week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued 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. 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 analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the company posted $5.07 earnings per share. The business’s revenue was up 1.7% on a year-over-year basis. As a group, analysts predict that Ulta Beauty will post 23.57 EPS for the current fiscal year.

Institutional Trading of Ulta Beauty

Several hedge funds and other institutional investors have recently made changes to their positions in ULTA. Douglas Lane & Associates LLC boosted its position in Ulta Beauty by 5.4% during the 4th quarter. Douglas Lane & Associates LLC now owns 2,109 shares of the specialty retailer’s stock worth $917,000 after buying an additional 108 shares during the period. Nordea Investment Management AB increased its holdings in Ulta Beauty by 14.0% in the fourth quarter. Nordea Investment Management AB now owns 32,031 shares of the specialty retailer’s stock valued at $14,015,000 after purchasing an additional 3,935 shares during the period. GAMMA Investing LLC raised its position in Ulta Beauty by 170.4% during the 4th quarter. GAMMA Investing LLC now owns 1,141 shares of the specialty retailer’s stock worth $496,000 after purchasing an additional 719 shares during the last quarter. Synovus Financial Corp grew its position in shares of Ulta Beauty by 5.2% in the 3rd quarter. Synovus Financial Corp now owns 2,556 shares of the specialty retailer’s stock valued at $995,000 after buying an additional 126 shares during the last quarter. Finally, World Investment Advisors LLC acquired a new stake in shares of Ulta Beauty in the third quarter valued at about $212,000. 90.39% of the stock is currently owned by 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.