Ulta Beauty (NASDAQ:ULTA) PT Lowered to $380.00 at TD Cowen

Ulta Beauty (NASDAQ:ULTA) had its price target reduced by equities researchers at TD Cowen from $390.00 to $380.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “hold” rating on the specialty retailer’s stock. TD Cowen’s target price points to a potential upside of 1.97% from the company’s previous close.

Several other research firms have also recently issued reports on ULTA. Telsey Advisory Group reaffirmed an “outperform” rating and set a $450.00 price objective on shares of Ulta Beauty in a research report on Thursday. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a report on Saturday, September 28th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Robert W. Baird lowered their target price on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a report on Friday, August 23rd. Finally, B. Riley assumed coverage on shares of Ulta Beauty in a research report on Tuesday, September 10th. They issued a “sell” rating and a $300.00 price target for the company. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Ulta Beauty presently has an average rating of “Hold” and an average price target of $423.71.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock traded down $0.54 on Thursday, reaching $372.67. 829,953 shares of the company were exchanged, compared to its average volume of 968,885. The stock’s 50 day moving average price is $372.09 and its 200-day moving average price is $388.55. Ulta Beauty has a 1-year low of $318.17 and a 1-year high of $574.76. The company has a market cap of $17.56 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 2.12 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter last year, the firm earned $6.02 EPS. The company’s revenue was up .9% on a year-over-year basis. On average, research analysts predict that Ulta Beauty will post 23.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ulta Beauty

A number of hedge funds have recently added to or reduced their stakes in the company. Riverview Trust Co purchased a new position in Ulta Beauty in the first quarter worth $30,000. Sound Income Strategies LLC increased its holdings in shares of Ulta Beauty by 490.0% in the 1st quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 49 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of Ulta Beauty in the first quarter valued at about $31,000. UMB Bank n.a. lifted its stake in shares of Ulta Beauty by 83.3% in the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 30 shares during the period. Finally, Innealta Capital LLC purchased a new stake in Ulta Beauty during the second quarter worth about $32,000. 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.