DA Davidson Issues Positive Forecast for Ulta Beauty (NASDAQ:ULTA) Stock Price

Ulta Beauty (NASDAQ:ULTA - Free Report) had its target price boosted by DA Davidson from $485.00 to $550.00 in a report published on Monday morning,Benzinga reports. They currently have a buy rating on the specialty retailer's stock.

A number of other equities analysts also recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Ulta Beauty from $315.00 to $350.00 and gave the stock an "underweight" rating in a research note on Friday, May 30th. UBS Group boosted their target price on shares of Ulta Beauty from $490.00 to $525.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Argus downgraded shares of Ulta Beauty from a "buy" rating to a "hold" rating in a research note on Monday, April 14th. Oppenheimer increased their price objective on shares of Ulta Beauty from $465.00 to $510.00 and gave the company an "outperform" rating in a report on Friday, May 30th. Finally, B. Riley cut their price objective on shares of Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $465.04.

Ulta Beauty Stock Down 0.4%

NASDAQ:ULTA traded down $1.80 on Monday, reaching $475.99. The stock had a trading volume of 631,873 shares, compared to its average volume of 1,043,915. The company has a market capitalization of $21.40 billion, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 2.90 and a beta of 1.08. Ulta Beauty has a 1-year low of $309.01 and a 1-year high of $491.98. The stock has a fifty day moving average price of $437.28 and a 200-day moving average price of $401.72.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, topping analysts' consensus estimates of $5.73 by $0.97. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the previous year, the firm posted $6.47 earnings per share. The company's revenue was up 4.5% on a year-over-year basis. Sell-side analysts predict that Ulta Beauty will post 23.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wambolt & Associates LLC boosted its holdings in shares of Ulta Beauty by 1.6% in the first quarter. Wambolt & Associates LLC now owns 1,673 shares of the specialty retailer's stock valued at $626,000 after buying an additional 26 shares during the period. Westside Investment Management Inc. boosted its holdings in shares of Ulta Beauty by 32.5% in the first quarter. Westside Investment Management Inc. now owns 110 shares of the specialty retailer's stock valued at $40,000 after buying an additional 27 shares during the period. RWA Wealth Partners LLC boosted its holdings in shares of Ulta Beauty by 1.5% in the fourth quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer's stock valued at $812,000 after buying an additional 28 shares during the period. Procyon Advisors LLC boosted its holdings in shares of Ulta Beauty by 4.3% in the first quarter. Procyon Advisors LLC now owns 707 shares of the specialty retailer's stock valued at $259,000 after buying an additional 29 shares during the period. Finally, Lido Advisors LLC boosted its holdings in Ulta Beauty by 5.0% during the fourth quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer's stock worth $272,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

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.