Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $330.00 at B. Riley

Ulta Beauty (NASDAQ:ULTA) had its price target increased by B. Riley from $300.00 to $330.00 in a research report report published on Friday,Benzinga reports. B. Riley currently has a sell rating on the specialty retailer’s stock.

ULTA has been the topic of a number of other reports. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Saturday, September 28th. Barclays lifted their target price on shares of Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. William Blair cut shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. Telsey Advisory Group lifted their target price on shares of Ulta Beauty from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday. Finally, Citigroup lifted their target price on shares of Ulta Beauty from $345.00 to $390.00 and gave the company a “neutral” rating in a report on Friday, November 29th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Ulta Beauty presently has a consensus rating of “Hold” and an average target price of $438.00.

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $428.17 on Friday. The firm has a 50 day simple moving average of $373.67 and a 200-day simple moving average of $376.39. Ulta Beauty has a one year low of $318.17 and a one year high of $574.76. The firm has a market cap of $20.18 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 2.30 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results 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 net margin of 10.68% and a return on equity of 54.02%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the firm earned $5.07 earnings per share. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. Equities analysts predict that Ulta Beauty will post 23.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Ulta Beauty

Several institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in shares of 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 valued at $481,952,000 after buying an additional 1,237,884 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Ulta Beauty by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock valued at $461,059,000 after buying an additional 10,153 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in shares of Ulta Beauty during the 3rd quarter valued at about $359,480,000. TD Asset Management Inc lifted its holdings in shares of Ulta Beauty by 14.1% during the 2nd quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock valued at $239,545,000 after buying an additional 76,721 shares during the last quarter. Finally, Champlain Investment Partners LLC lifted its holdings in shares of Ulta Beauty by 5.4% during the 3rd quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock valued at $237,519,000 after buying an additional 31,540 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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.