Ulta Beauty (NASDAQ:ULTA) Stock Rating Upgraded by The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Ulta Beauty (NASDAQ:ULTA) from a neutral rating to a buy rating in a research note published on Tuesday, MarketBeat reports. They currently have $423.00 price objective on the specialty retailer’s stock, up from their prior price objective of $384.00.

A number of other equities analysts have also recently issued reports on ULTA. DA Davidson dropped their target price on Ulta Beauty from $510.00 to $415.00 and set a “buy” rating for the company in a report on Friday, March 14th. Oppenheimer increased their price target on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Stifel Nicolaus lowered their price objective on Ulta Beauty from $475.00 to $400.00 and set a “hold” rating for the company in a research report on Friday, March 14th. Loop Capital raised their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Citigroup dropped their price target on shares of Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $427.61.

Ulta Beauty Price Performance

ULTA opened at $373.91 on Tuesday. The company has a market capitalization of $17.34 billion, a P/E ratio of 14.96, a P/E/G ratio of 0.89 and a beta of 1.34. The firm’s fifty day moving average price is $371.93 and its two-hundred day moving average price is $386.33. Ulta Beauty has a fifty-two week low of $309.01 and a fifty-two week high of $528.80.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, beating the consensus estimate of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the business earned $8.08 EPS. The firm’s revenue was down 1.9% on a year-over-year basis. On average, equities research analysts expect that Ulta Beauty will post 23.96 EPS for the current fiscal year.

Institutional Trading of Ulta Beauty

A number of large investors have recently bought and sold shares of the business. Cornerstone Investment Partners LLC lifted its stake in Ulta Beauty by 3.9% in the fourth quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock valued at $289,000 after buying an additional 25 shares in the last quarter. RWA Wealth Partners LLC lifted its position in Ulta Beauty by 1.5% in the 4th quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer’s stock valued at $812,000 after acquiring an additional 28 shares in the last quarter. Lido Advisors LLC lifted its position in Ulta Beauty by 5.0% in the 4th quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer’s stock valued at $272,000 after acquiring an additional 30 shares in the last quarter. Colonial Trust Co SC boosted its stake in Ulta Beauty by 36.9% in the 4th quarter. Colonial Trust Co SC now owns 115 shares of the specialty retailer’s stock worth $50,000 after purchasing an additional 31 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Ulta Beauty by 35.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the specialty retailer’s stock worth $43,000 after purchasing an additional 31 shares in the last quarter. 90.39% of the stock is owned by 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.