Ulta Beauty Inc. (NASDAQ:ULTA) has been given an average rating of “Hold” by the twenty-four ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $320.06.
A number of research firms recently commented on ULTA. Zacks Investment Research raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $336.00 price target for the company in a research report on Wednesday, May 10th. BMO Capital Markets reissued an “outperform” rating and issued a $345.00 price target on shares of Ulta Beauty in a research report on Thursday, July 27th. Jefferies Group LLC set a $266.00 price target on Ulta Beauty and gave the company a “hold” rating in a research report on Wednesday, May 31st. BidaskClub lowered Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, Oppenheimer Holdings, Inc. reissued a “market perform” rating and issued a $330.00 price target (up from $270.00) on shares of Ulta Beauty in a research report on Monday, July 31st.
Ulta Beauty (NASDAQ ULTA) traded up 1.4619% during trading on Friday, hitting $250.4791. 206,545 shares of the company traded hands. Ulta Beauty has a 12-month low of $225.13 and a 12-month high of $314.86. The stock has a 50-day moving average price of $263.04 and a 200-day moving average price of $279.65. The firm has a market capitalization of $15.54 billion, a P/E ratio of 35.1747 and a beta of 0.57.
Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, May 25th. The specialty retailer reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.12. Ulta Beauty had a return on equity of 28.91% and a net margin of 8.75%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the firm earned $1.45 earnings per share. Ulta Beauty’s revenue for the quarter was up 22.4% on a year-over-year basis. Equities analysts expect that Ulta Beauty will post $8.32 EPS for the current fiscal year.
In other Ulta Beauty news, Director Robert F. Diromualdo sold 20,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $309.05, for a total value of $6,181,000.00. Following the completion of the transaction, the director now owns 4,717 shares in the company, valued at approximately $1,457,788.85. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Catherine Ann Halligan sold 500 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $312.36, for a total value of $156,180.00. Following the completion of the transaction, the director now owns 4,126 shares of the company’s stock, valued at approximately $1,288,797.36. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of ULTA. D.A. Davidson & CO. increased its position in shares of Ulta Beauty by 126.9% in the second quarter. D.A. Davidson & CO. now owns 3,456 shares of the specialty retailer’s stock valued at $993,000 after buying an additional 1,933 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Ulta Beauty during the second quarter valued at approximately $552,000. Ithaka Group LLC increased its position in shares of Ulta Beauty by 0.7% in the second quarter. Ithaka Group LLC now owns 108,278 shares of the specialty retailer’s stock valued at $31,113,000 after buying an additional 763 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Ulta Beauty during the second quarter valued at approximately $157,000. Finally, Rafferty Asset Management LLC increased its position in shares of Ulta Beauty by 87.4% in the second quarter. Rafferty Asset Management LLC now owns 7,460 shares of the specialty retailer’s stock valued at $2,144,000 after buying an additional 3,479 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.
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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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