Ulta Beauty (NASDAQ:ULTA) Price Target Lowered to $365.00 at Citigroup

Ulta Beauty (NASDAQ:ULTA) had its price target cut by Citigroup from $405.00 to $365.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the specialty retailer’s stock. Citigroup’s price objective would indicate a potential upside of 2.71% from the company’s current price.

A number of other equities analysts have also issued reports on ULTA. TD Cowen boosted their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Loop Capital upped their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research report on Monday, December 9th. BMO Capital Markets cut their target price on shares of Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating on the stock in a research report on Friday. Finally, Stifel Nicolaus reduced their price objective on shares of Ulta Beauty from $475.00 to $400.00 and set a “hold” rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $427.13.

Ulta Beauty Stock Down 0.6 %

Shares of Ulta Beauty stock traded down $2.12 during trading on Monday, hitting $355.37. The stock had a trading volume of 898,442 shares, compared to its average volume of 1,037,102. The stock has a 50 day simple moving average of $385.01 and a 200 day simple moving average of $386.94. The company has a market capitalization of $16.48 billion, a PE ratio of 14.20, a P/E/G ratio of 0.89 and a beta of 1.34. Ulta Beauty has a 1 year low of $309.01 and a 1 year high of $544.36.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, beating 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 company earned $8.08 earnings per share. The company’s revenue was down 1.9% compared to the same quarter last year. As a group, equities analysts expect that Ulta Beauty will post 23.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ulta Beauty

Institutional investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC increased its holdings in shares of Ulta Beauty by 28.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 37 shares during the period. Integrated Investment Consultants LLC bought a new position in Ulta Beauty in the third quarter valued at $4,480,000. Thrivent Financial for Lutherans increased its stake in Ulta Beauty by 382.5% in the third quarter. Thrivent Financial for Lutherans now owns 10,698 shares of the specialty retailer’s stock valued at $4,163,000 after acquiring an additional 8,481 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Ulta Beauty by 11.2% in the third quarter. Advisors Asset Management Inc. now owns 17,531 shares of the specialty retailer’s stock valued at $6,822,000 after acquiring an additional 1,768 shares during the period. Finally, Blueshift Asset Management LLC increased its position in shares of Ulta Beauty by 1,052.6% in the third quarter. Blueshift Asset Management LLC now owns 8,218 shares of the specialty retailer’s stock valued at $3,198,000 after acquiring an additional 7,505 shares during the period. 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.