Shares of Ulta Beauty Inc. (NASDAQ:ULTA - Get Free Report) hit a new 52-week high during trading on Tuesday after DA Davidson raised their price target on the stock from $485.00 to $550.00. DA Davidson currently has a buy rating on the stock. Ulta Beauty traded as high as $498.52 and last traded at $480.92, with a volume of 182573 shares changing hands. The stock had previously closed at $475.99.
Other research analysts have also issued research reports about the company. Morgan Stanley raised their target price on Ulta Beauty from $460.00 to $550.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Citigroup raised their price target on shares of Ulta Beauty from $425.00 to $450.00 and gave the company a "neutral" rating in a research report on Friday, May 30th. Robert W. Baird raised their price target on shares of Ulta Beauty from $440.00 to $525.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. Truist Financial lifted their target price on shares of Ulta Beauty from $364.00 to $386.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $520.00 target price on shares of Ulta Beauty in a research report on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Ulta Beauty currently has an average rating of "Moderate Buy" and an average target price of $465.04.
View Our Latest Analysis on ULTA
Institutional Investors Weigh In On Ulta Beauty
Several large investors have recently made changes to their positions in ULTA. Prestige Wealth Management Group LLC boosted its holdings in Ulta Beauty by 121.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 34 shares during the period. American National Bank & Trust bought a new position in shares of Ulta Beauty in the first quarter worth about $29,000. Wayfinding Financial LLC bought a new position in shares of Ulta Beauty in the 1st quarter valued at $31,000. Rakuten Securities Inc. raised its stake in shares of Ulta Beauty by 218.5% during the first quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock valued at $32,000 after acquiring an additional 59 shares during the last quarter. Finally, North Star Investment Management Corp. raised its holdings in Ulta Beauty by 71.4% during the 1st quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 90.39% of the company's stock.
Ulta Beauty Trading Up 1.4%
The company has a 50-day moving average price of $439.07 and a two-hundred day moving average price of $402.04. The stock has a market capitalization of $21.69 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 2.90 and a beta of 1.08.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) 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 business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the prior year, the firm posted $6.47 EPS. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. Research analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.
Ulta Beauty Company Profile
(
Get Free Report)
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.
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