Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $450.00 at Citigroup

Ulta Beauty (NASDAQ:ULTA - Get Free Report) had its price objective boosted by investment analysts at Citigroup from $425.00 to $450.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the specialty retailer's stock. Citigroup's price objective would indicate a potential downside of 4.14% from the stock's previous close.

• Top 3 Buy-and-Hold Stocks for 2025: Long-Term Winners to Watch

ULTA has been the topic of several other research reports. BMO Capital Markets cut their price target on Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating on the stock in a report on Friday, March 14th. Argus cut shares of Ulta Beauty from a "buy" rating to a "hold" rating in a report on Monday, April 14th. Canaccord Genuity Group lifted their price objective on shares of Ulta Beauty from $510.00 to $542.00 and gave the company a "buy" rating in a research report on Friday. 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 note on Friday. Finally, DA Davidson lifted their price target on Ulta Beauty from $415.00 to $485.00 and gave the company a "buy" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $454.04.

Check Out Our Latest Stock Report on Ulta Beauty

Ulta Beauty Price Performance

• 3 Must-Own Stocks to Build Wealth This Decade

NASDAQ ULTA traded up $47.67 on Friday, reaching $469.46. The company had a trading volume of 3,326,630 shares, compared to its average volume of 1,061,443. The firm has a market capitalization of $21.20 billion, a PE ratio of 18.81, a P/E/G ratio of 0.89 and a beta of 1.06. Ulta Beauty has a 1 year low of $309.01 and a 1 year high of $491.32. The firm has a 50-day moving average of $382.73 and a 200-day moving average of $387.37.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, beating analysts' consensus estimates of $5.73 by $0.97. The company had revenue of $2.85 billion during the quarter, compared to analysts' expectations of $2.79 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $6.47 EPS. As a group, sell-side analysts expect that Ulta Beauty will post 23.96 EPS for the current fiscal year.

Insider Transactions at Ulta Beauty

• Warren Buffett Sold ULTA Stock—But Should You?

In other news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total value of $332,982.32. Following the transaction, the insider now directly owns 7,632 shares of the company's stock, valued at $2,817,429.12. This trade represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.17% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ulta Beauty

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. LaFleur & Godfrey LLC grew its holdings in shares of Ulta Beauty by 32.1% during the 4th quarter. LaFleur & Godfrey LLC now owns 2,455 shares of the specialty retailer's stock valued at $1,068,000 after acquiring an additional 596 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in Ulta Beauty during the fourth quarter valued at $447,000. Blue Trust Inc. boosted its position in Ulta Beauty by 18.8% during the fourth quarter. Blue Trust Inc. now owns 285 shares of the specialty retailer's stock valued at $124,000 after purchasing an additional 45 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Ulta Beauty by 2.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 8,548 shares of the specialty retailer's stock valued at $3,718,000 after buying an additional 185 shares in the last quarter. Finally, Mediolanum International Funds Ltd grew its stake in shares of Ulta Beauty by 11.2% in the 4th quarter. Mediolanum International Funds Ltd now owns 24,006 shares of the specialty retailer's stock valued at $10,427,000 after buying an additional 2,423 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

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.

Featured Stories

• Five stocks we like better than Ulta Beauty
• How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
• Nike’s Amazon Expansion Could Signal a Turnaround in 2025
• What is the Shanghai Stock Exchange Composite Index?
• Intel’s Turnaround May Be the Best Bet No One’s Watching
• What is the MACD Indicator and How to Use it in Your Trading
• 3 Defense Stocks That Will Profit From a Golden Dome

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Ulta Beauty Right Now?

Before you consider Ulta Beauty, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ulta Beauty wasn't on the list.

While Ulta Beauty currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here