Ulta Beauty Inc. (NASDAQ:ULTA)‘s stock had its “market perform” rating reaffirmed by investment analysts at CIBC in a research report issued on Monday, July 31st.
A number of other equities research analysts also recently commented on ULTA. Royal Bank Of Canada set a $310.00 target price on Ulta Beauty and gave the company a “hold” rating in a research report on Sunday, May 28th. Piper Jaffray Companies set a $333.00 target price on Ulta Beauty and gave the company a “buy” rating in a research report on Saturday, May 27th. BMO Capital Markets reiterated an “outperform” rating and issued a $345.00 price objective on shares of Ulta Beauty in a report on Thursday, July 27th. Stifel Nicolaus reiterated a “hold” rating and issued a $305.00 price objective (up previously from $290.00) on shares of Ulta Beauty in a report on Friday, May 26th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $336.00 price objective (up previously from $311.00) on shares of Ulta Beauty in a report on Sunday, May 28th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $319.05.
Shares of Ulta Beauty (NASDAQ ULTA) traded up 1.15% during midday trading on Monday, reaching $244.20. 814,120 shares of the company were exchanged. The stock has a market capitalization of $15.15 billion, a P/E ratio of 34.29 and a beta of 0.57. The company has a 50 day moving average price of $256.00 and a 200-day moving average price of $278.55. Ulta Beauty has a 12-month low of $225.13 and a 12-month high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, May 25th. The specialty retailer reported $1.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.79 by $0.12. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. Ulta Beauty had a return on equity of 28.91% and a net margin of 8.75%. The firm’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 earnings per share. On average, analysts forecast that Ulta Beauty will post $8.32 earnings per share for the current fiscal year.
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In other Ulta Beauty news, Director Catherine Ann Halligan sold 500 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $312.36, for a total transaction of $156,180.00. Following the sale, the director now owns 4,126 shares in the company, valued at approximately $1,288,797.36. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert F. Diromualdo sold 20,000 shares of the stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $309.05, for a total value of $6,181,000.00. Following the sale, the director now owns 4,717 shares in the company, valued at approximately $1,457,788.85. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Ulta Beauty by 2,734.8% in the first quarter. BlackRock Inc. now owns 4,007,950 shares of the specialty retailer’s stock valued at $1,143,188,000 after buying an additional 3,866,567 shares during the period. Wells Fargo & Company MN boosted its stake in Ulta Beauty by 137.3% in the second quarter. Wells Fargo & Company MN now owns 1,053,780 shares of the specialty retailer’s stock valued at $302,792,000 after buying an additional 609,671 shares during the period. Harbour Capital Advisors LLC boosted its stake in Ulta Beauty by 28,419.1% in the second quarter. Harbour Capital Advisors LLC now owns 571,807 shares of the specialty retailer’s stock valued at $1,990,000 after buying an additional 569,802 shares during the period. Wellington Management Group LLP boosted its position in shares of Ulta Beauty by 1,786.4% in the first quarter. Wellington Management Group LLP now owns 449,648 shares of the specialty retailer’s stock worth $128,253,000 after buying an additional 425,812 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Ulta Beauty by 605.4% in the second quarter. Renaissance Technologies LLC now owns 389,400 shares of the specialty retailer’s stock worth $111,890,000 after buying an additional 334,198 shares during the last quarter. Institutional investors and hedge funds own 85.68% of the company’s stock.
Ulta Beauty Company Profile
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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