Ulta Beauty (NASDAQ:ULTA) Given New $365.00 Price Target at Citigroup

Ulta Beauty (NASDAQ:ULTA) had its target price reduced by Citigroup from $405.00 to $365.00 in a research report released on Monday morning,Benzinga reports. They currently have a neutral rating on the specialty retailer’s stock.

ULTA has been the subject of a number of other reports. William Blair cut shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. DA Davidson reduced their target price on shares of Ulta Beauty from $510.00 to $415.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Morgan Stanley reduced their target price on shares of Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. Stifel Nicolaus reduced their target price on shares of Ulta Beauty from $475.00 to $400.00 and set a “hold” rating for the company in a research report on Friday, March 14th. Finally, Oppenheimer boosted their target price on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Ulta Beauty presently has an average rating of “Hold” and an average target price of $427.13.

Ulta Beauty Price Performance

ULTA stock opened at $343.72 on Monday. The company has a fifty day moving average price of $380.41 and a two-hundred day moving average price of $386.50. Ulta Beauty has a one year low of $309.01 and a one year high of $532.70. The stock has a market cap of $15.94 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping analysts’ consensus estimates of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the previous year, the business posted $8.08 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. Research analysts anticipate that Ulta Beauty will post 23.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Lansforsakringar Fondforvaltning AB publ acquired a new position in Ulta Beauty during the fourth quarter worth about $6,565,000. Berkeley Inc raised its stake in Ulta Beauty by 75.8% during the fourth quarter. Berkeley Inc now owns 10,440 shares of the specialty retailer’s stock worth $4,541,000 after acquiring an additional 4,501 shares in the last quarter. Siemens Fonds Invest GmbH raised its stake in Ulta Beauty by 1,015.9% during the fourth quarter. Siemens Fonds Invest GmbH now owns 11,851 shares of the specialty retailer’s stock worth $5,154,000 after acquiring an additional 10,789 shares in the last quarter. GHE LLC increased its stake in shares of Ulta Beauty by 17.9% in the fourth quarter. GHE LLC now owns 4,076 shares of the specialty retailer’s stock valued at $1,773,000 after buying an additional 620 shares during the period. Finally, Park Square Financial Group LLC acquired a new position in shares of Ulta Beauty in the fourth quarter valued at approximately $123,000. Institutional investors and hedge funds 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.