Stifel Nicolaus Forecasts Strong Price Appreciation for Ulta Beauty (NASDAQ:ULTA) Stock

by · The Markets Daily

Ulta Beauty (NASDAQ:ULTA – Free Report) had its price target upped by Stifel Nicolaus from $455.00 to $475.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a hold rating on the specialty retailer’s stock.

ULTA has been the topic of a number of other reports. Piper Sandler raised their target price on Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a research note on Monday. Telsey Advisory Group restated an “outperform” rating and issued a $500.00 price target on shares of Ulta Beauty in a research note on Tuesday. DA Davidson raised their target price on Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, December 6th. UBS Group increased their price target on Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, Loop Capital lifted their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $454.43.

View Our Latest Report on ULTA

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock opened at $428.27 on Tuesday. The firm has a market cap of $19.86 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 2.38 and a beta of 1.28. Ulta Beauty has a 1 year low of $318.17 and a 1 year high of $574.76. The firm’s 50-day simple moving average is $399.50 and its 200-day simple moving average is $383.42.

Ulta Beauty (NASDAQ:ULTA – Get Free Report) last issued its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $5.07 EPS. On average, equities analysts predict that Ulta Beauty will post 23.57 earnings per share for the current year.

Hedge Funds Weigh In On Ulta Beauty

A number of hedge funds and other institutional investors have recently bought and sold shares of ULTA. Nordea Investment Management AB increased its holdings in Ulta Beauty by 14.0% in the fourth quarter. Nordea Investment Management AB now owns 32,031 shares of the specialty retailer’s stock valued at $14,015,000 after purchasing an additional 3,935 shares during the last quarter. GAMMA Investing LLC boosted its stake in Ulta Beauty by 170.4% during the 4th quarter. GAMMA Investing LLC now owns 1,141 shares of the specialty retailer’s stock worth $496,000 after acquiring an additional 719 shares during the last quarter. Synovus Financial Corp grew its holdings in Ulta Beauty by 5.2% during the third quarter. Synovus Financial Corp now owns 2,556 shares of the specialty retailer’s stock valued at $995,000 after purchasing an additional 126 shares during the period. World Investment Advisors LLC bought a new stake in Ulta Beauty in the third quarter valued at approximately $212,000. Finally, Pine Valley Investments Ltd Liability Co lifted its holdings in Ulta Beauty by 12.4% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 9,589 shares of the specialty retailer’s stock worth $3,731,000 after acquiring an additional 1,057 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

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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