BMO Capital Markets reaffirmed their outperform rating on shares of Ulta Beauty Inc. (NASDAQ:ULTA) in a research note released on Thursday. They currently have a $345.00 price target on the specialty retailer’s stock.
Several other equities analysts also recently issued reports on the stock. BidaskClub downgraded shares of Ulta Beauty from a sell rating to a strong sell rating in a research note on Thursday. Jefferies Group LLC restated a buy rating and issued a $350.00 price objective on shares of Ulta Beauty in a research note on Friday, July 14th. Piper Jaffray Companies restated an overweight rating and issued a $330.00 price objective on shares of Ulta Beauty in a research note on Friday, July 14th. Oppenheimer Holdings, Inc. restated an outperform rating on shares of Ulta Beauty in a research note on Friday, July 14th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Ulta Beauty from a neutral rating to a buy rating and set a $310.00 price objective for the company in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $322.21.
Shares of Ulta Beauty (NASDAQ ULTA) traded down 0.33% during mid-day trading on Thursday, reaching $248.60. The company’s stock had a trading volume of 669,831 shares. Ulta Beauty has a 52 week low of $225.13 and a 52 week high of $314.86. The stock has a market capitalization of $15.42 billion, a price-to-earnings ratio of 34.92 and a beta of 0.59. The company’s 50-day moving average is $275.44 and its 200-day moving average is $280.60.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, May 25th. The specialty retailer reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.12. Ulta Beauty had a net margin of 8.75% and a return on equity of 28.91%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the firm posted $1.45 earnings per share. Ulta Beauty’s revenue for the quarter was up 22.4% on a year-over-year basis. Equities analysts predict that Ulta Beauty will post $8.32 EPS for the current year.
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In related news, Director Catherine Ann Halligan sold 500 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $312.36, for a total value of $156,180.00. Following the completion of the sale, the director now owns 4,126 shares in the company, valued at $1,288,797.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert F. Diromualdo sold 20,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $309.05, for a total transaction of $6,181,000.00. Following the completion of the sale, the director now owns 4,717 shares of the company’s stock, valued at approximately $1,457,788.85. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Ulta Beauty by 3.0% in the first quarter. Vanguard Group Inc. now owns 5,564,432 shares of the specialty retailer’s stock worth $1,587,143,000 after buying an additional 163,839 shares during the last quarter. BlackRock Inc. increased its stake in shares of Ulta Beauty by 2,734.8% in the first quarter. BlackRock Inc. now owns 4,007,950 shares of the specialty retailer’s stock worth $1,143,188,000 after buying an additional 3,866,567 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Ulta Beauty by 2.5% in the first quarter. Jennison Associates LLC now owns 2,253,863 shares of the specialty retailer’s stock worth $642,869,000 after buying an additional 55,789 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Ulta Beauty by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 1,567,313 shares of the specialty retailer’s stock worth $447,047,000 after buying an additional 17,380 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of Ulta Beauty by 51.2% in the first quarter. Ameriprise Financial Inc. now owns 935,601 shares of the specialty retailer’s stock worth $266,862,000 after buying an additional 316,898 shares during the period. Hedge funds and other institutional investors own 85.42% 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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