TD Cowen Forecasts Strong Price Appreciation for Ulta Beauty (NASDAQ:ULTA) Stock

Ulta Beauty (NASDAQ:ULTA) had its price objective hoisted by investment analysts at TD Cowen from $450.00 to $480.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the specialty retailer’s stock. TD Cowen’s target price would suggest a potential upside of 15.62% from the stock’s previous close.

ULTA has been the topic of several other reports. Oppenheimer lifted their price objective on Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research report on Tuesday. Citigroup increased their price objective on Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a report on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Barclays increased their price target on shares of Ulta Beauty from $335.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Finally, StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Ulta Beauty presently has a consensus rating of “Hold” and an average price target of $460.30.

Ulta Beauty Price Performance

ULTA opened at $415.14 on Wednesday. Ulta Beauty has a one year low of $318.17 and a one year high of $574.76. The business has a 50 day simple moving average of $401.20 and a two-hundred day simple moving average of $383.86. The firm has a market capitalization of $19.25 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 2.38 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm’s revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $5.07 earnings per share. As a group, sell-side analysts expect that Ulta Beauty will post 23.57 EPS for the current fiscal year.

Institutional Trading of Ulta Beauty

A number of large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its holdings in Ulta Beauty by 4.7% in the third quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock worth $244,000 after purchasing an additional 28 shares during the last quarter. Brighton Jones LLC increased its position in Ulta Beauty by 1.8% during the second quarter. Brighton Jones LLC now owns 1,826 shares of the specialty retailer’s stock valued at $705,000 after acquiring an additional 33 shares during the last quarter. Daymark Wealth Partners LLC boosted its position in Ulta Beauty by 3.0% in the second quarter. Daymark Wealth Partners LLC now owns 1,221 shares of the specialty retailer’s stock worth $471,000 after purchasing an additional 36 shares during the last quarter. Trust Investment Advisors grew its stake in shares of Ulta Beauty by 2.5% during the 2nd quarter. Trust Investment Advisors now owns 1,491 shares of the specialty retailer’s stock valued at $575,000 after purchasing an additional 37 shares during the period. Finally, Global Trust Asset Management LLC lifted its stake in shares of Ulta Beauty by 39.6% in the 3rd quarter. Global Trust Asset Management LLC now owns 141 shares of the specialty retailer’s stock worth $55,000 after purchasing an additional 40 shares during the period. 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.