TD Cowen Trims Ulta Beauty (NASDAQ:ULTA) Target Price to $390.00

Ulta Beauty (NASDAQ:ULTA) had its target price decreased by TD Cowen from $395.00 to $390.00 in a research note released on Thursday morning, Benzinga reports. TD Cowen currently has a hold rating on the specialty retailer’s stock.

A number of other analysts have also weighed in on the stock. DA Davidson reduced their price objective on shares of Ulta Beauty from $507.00 to $435.00 and set a buy rating for the company in a research note on Friday, August 30th. BMO Capital Markets lowered their price objective on Ulta Beauty from $500.00 to $385.00 and set a market perform rating on the stock in a research report on Friday, August 30th. Wells Fargo & Company decreased their price target on Ulta Beauty from $325.00 to $300.00 and set an underweight rating for the company in a research note on Friday, August 30th. StockNews.com raised Ulta Beauty from a sell rating to a hold rating in a research report on Saturday, September 28th. Finally, Citigroup decreased their target price on Ulta Beauty from $375.00 to $345.00 and set a neutral rating for the company in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $425.08.

Ulta Beauty Price Performance

Shares of ULTA opened at $381.80 on Thursday. Ulta Beauty has a 1-year low of $318.17 and a 1-year high of $574.76. The company has a market capitalization of $17.99 billion, a P/E ratio of 14.89, a P/E/G ratio of 2.13 and a beta of 1.32. The firm’s 50 day simple moving average is $368.67 and its 200 day simple moving average is $396.13.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) 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 company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the prior year, the firm posted $6.02 earnings per share. The business’s revenue was up .9% on a year-over-year basis. On average, equities analysts anticipate that Ulta Beauty will post 23.21 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. raised its holdings in shares of Ulta Beauty by 83.3% during the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 30 shares during the period. Vima LLC bought a new position in shares of Ulta Beauty during the fourth quarter valued at approximately $27,000. Riverview Trust Co acquired a new stake in shares of Ulta Beauty during the 1st quarter worth approximately $30,000. Sound Income Strategies LLC raised its position in shares of Ulta Beauty by 490.0% during the 1st quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 49 shares during the period. Finally, LRI Investments LLC bought a new stake in shares of Ulta Beauty in the 1st quarter worth approximately $31,000. 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.