Ulta Beauty (NASDAQ:ULTA) Price Target Lowered to $404.00 at BMO Capital Markets

Ulta Beauty (NASDAQ:ULTA) had its price objective lowered by BMO Capital Markets from $467.00 to $404.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “market perform” rating on the specialty retailer’s stock. BMO Capital Markets’ target price suggests a potential upside of 14.93% from the company’s current price.

Other analysts have also issued research reports about the company. Stifel Nicolaus cut their price target on Ulta Beauty from $475.00 to $400.00 and set a “hold” rating for the company in a report on Friday. Barclays boosted their price objective on Ulta Beauty from $410.00 to $445.00 and gave the company an “equal weight” rating in a research note on Thursday, January 9th. Citigroup upped their price target on shares of Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. DA Davidson decreased their price objective on shares of Ulta Beauty from $510.00 to $415.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Telsey Advisory Group restated an “outperform” rating and set a $500.00 target price on shares of Ulta Beauty in a research note on Monday. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ulta Beauty currently has an average rating of “Hold” and an average price target of $436.26.

Ulta Beauty Trading Up 11.8 %

ULTA stock traded up $37.06 during midday trading on Friday, hitting $351.53. The company’s stock had a trading volume of 1,848,664 shares, compared to its average volume of 1,040,679. The firm’s 50-day moving average is $386.49 and its 200-day moving average is $386.82. Ulta Beauty has a 12 month low of $309.01 and a 12 month high of $574.76. The company has a market cap of $16.30 billion, a PE ratio of 14.08, a P/E/G ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, topping the consensus estimate of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period last year, the firm earned $8.08 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. Analysts expect that Ulta Beauty will post 23.96 earnings per share for the current year.

Institutional Trading of Ulta Beauty

Hedge funds have recently modified their holdings of the stock. Impax Asset Management Group plc grew its stake in shares of Ulta Beauty by 11.8% during the 3rd quarter. Impax Asset Management Group plc now owns 93,419 shares of the specialty retailer’s stock worth $36,351,000 after purchasing an additional 9,863 shares during the period. Sigma Planning Corp boosted its holdings in Ulta Beauty by 49.2% during the third quarter. Sigma Planning Corp now owns 1,159 shares of the specialty retailer’s stock worth $451,000 after buying an additional 382 shares in the last quarter. Apollon Wealth Management LLC grew its position in Ulta Beauty by 44.7% during the third quarter. Apollon Wealth Management LLC now owns 1,399 shares of the specialty retailer’s stock valued at $544,000 after buying an additional 432 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in Ulta Beauty by 1.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 111,909 shares of the specialty retailer’s stock valued at $43,546,000 after buying an additional 1,687 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in Ulta Beauty by 24.9% in the third quarter. Oppenheimer & Co. Inc. now owns 9,907 shares of the specialty retailer’s stock valued at $3,855,000 after buying an additional 1,977 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

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.