Ulta Beauty (NASDAQ:ULTA) Price Target Cut to $440.00

Ulta Beauty (NASDAQ:ULTA) had its target price decreased by Raymond James from $450.00 to $440.00 in a research note published on Monday, Benzinga reports. Raymond James currently has an outperform rating on the specialty retailer’s stock.

A number of other research analysts have also recently issued reports on the stock. The Goldman Sachs Group dropped their target price on shares of Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a report on Monday, August 12th. B. Riley assumed coverage on Ulta Beauty in a research note on Tuesday, September 10th. They issued a “sell” rating and a $300.00 price objective for the company. DA Davidson decreased their target price on Ulta Beauty from $507.00 to $435.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Bank of America lowered their target price on Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a report on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Ulta Beauty has a consensus rating of “Hold” and an average price target of $423.71.

Ulta Beauty Trading Down 0.4 %

NASDAQ ULTA opened at $371.72 on Monday. The stock has a market capitalization of $17.52 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 2.12 and a beta of 1.32. The business’s 50 day moving average is $372.98 and its two-hundred day moving average is $388.43. Ulta Beauty has a 12-month low of $318.17 and a 12-month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period in the prior year, the company earned $6.02 EPS. The company’s revenue was up .9% on a year-over-year basis. Equities analysts forecast that Ulta Beauty will post 23.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ulta Beauty

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Riverview Trust Co purchased a new stake in shares of Ulta Beauty during the first quarter worth about $30,000. Sound Income Strategies LLC raised its position in shares of Ulta Beauty by 490.0% in the 1st quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 49 shares in the last quarter. LRI Investments LLC purchased a new position in shares of Ulta Beauty during the 1st quarter valued at approximately $31,000. UMB Bank n.a. boosted its stake in shares of Ulta Beauty by 83.3% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 30 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Ulta Beauty during the second quarter worth approximately $32,000. 90.39% of the stock is owned by hedge funds and other 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.