Ulta Beauty (NASDAQ:ULTA) PT Lowered to $390.00 at TD Cowen

Ulta Beauty (NASDAQ:ULTA) had its price objective reduced by TD Cowen from $395.00 to $390.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a hold rating on the specialty retailer’s stock.

A number of other research analysts also recently weighed in on the company. Citigroup lowered their price target on Ulta Beauty from $375.00 to $345.00 and set a neutral rating on the stock in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft lowered their price target on Ulta Beauty from $552.00 to $448.00 and set a buy rating on the stock in a report on Wednesday, August 28th. B. Riley began coverage on Ulta Beauty in a report on Tuesday, September 10th. They set a sell rating and a $300.00 price target on the stock. Raymond James downgraded Ulta Beauty from a strong-buy rating to an outperform rating and lowered their price target for the company from $500.00 to $450.00 in a report on Friday, August 30th. Finally, Robert W. Baird lowered their price target on Ulta Beauty from $525.00 to $485.00 and set an outperform rating on the stock in a report on Friday, August 23rd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ulta Beauty has a consensus rating of Hold and a consensus price target of $425.08.

Ulta Beauty Stock Up 2.4 %

Shares of NASDAQ ULTA opened at $381.80 on Thursday. The stock has a market capitalization of $17.99 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 2.13 and a beta of 1.32. The stock’s fifty day simple moving average is $368.67 and its 200 day simple moving average is $397.02. Ulta Beauty has a 52-week low of $318.17 and a 52-week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The business’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.02 earnings per share. As a group, analysts anticipate that Ulta Beauty will post 23.21 earnings per share for the current year.

Hedge Funds Weigh In On Ulta Beauty

Large investors have recently made changes to their positions in the business. Vima LLC acquired a new position in shares of Ulta Beauty during the 4th quarter worth about $27,000. Riverview Trust Co acquired a new position in shares of Ulta Beauty during the 1st quarter worth about $30,000. Sound Income Strategies LLC lifted its position in shares of Ulta Beauty by 490.0% during the 1st quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 49 shares during the last quarter. LRI Investments LLC acquired a new position in shares of Ulta Beauty during the 1st quarter worth about $31,000. Finally, UMB Bank n.a. lifted its position in shares of Ulta Beauty by 83.3% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

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.