Ulta Beauty (NASDAQ:ULTA) PT Lowered to $440.00 at Raymond James

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

Other equities analysts also recently issued reports about the company. Canaccord Genuity Group lowered their price objective on Ulta Beauty from $522.00 to $500.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Loop Capital dropped their price objective on shares of Ulta Beauty from $520.00 to $450.00 and set a “buy” rating on the stock in a research report on Tuesday, September 3rd. Barclays raised their price objective on shares of Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. TD Cowen lowered their target price on shares of Ulta Beauty from $395.00 to $390.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Finally, DA Davidson cut their price target on Ulta Beauty from $507.00 to $435.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, eleven have given 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 a consensus price target of $423.67.

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $373.21 on Monday. The firm has a market cap of $17.59 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 2.12 and a beta of 1.32. The firm has a 50 day simple moving average of $372.09 and a 200-day simple moving average of $388.55. Ulta Beauty has a one year low of $318.17 and a one year high of $574.76.

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

Institutional Trading of Ulta Beauty

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TD Asset Management Inc raised its stake in shares of Ulta Beauty by 14.1% during the second quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock worth $239,545,000 after purchasing an additional 76,721 shares during the last quarter. Boston Partners boosted its holdings in shares of Ulta Beauty by 47.7% in the first quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock valued at $246,862,000 after acquiring an additional 153,727 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Ulta Beauty by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 422,801 shares of the specialty retailer’s stock worth $163,149,000 after acquiring an additional 24,822 shares during the period. Bessemer Group Inc. raised its holdings in Ulta Beauty by 1.2% during the first quarter. Bessemer Group Inc. now owns 357,503 shares of the specialty retailer’s stock worth $186,933,000 after purchasing an additional 4,344 shares in the last quarter. Finally, Epoch Investment Partners Inc. lifted its position in Ulta Beauty by 26.4% in the second quarter. Epoch Investment Partners Inc. now owns 356,128 shares of the specialty retailer’s stock valued at $137,419,000 after purchasing an additional 74,319 shares during the period. 90.39% of the stock is owned by hedge funds and other 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.