Wells Fargo reissued their buy rating on shares of Ulta Beauty (NASDAQ:ULTA) in a research report sent to investors on Friday, March 16th.
Other research analysts have also recently issued reports about the stock. JPMorgan Chase reaffirmed a buy rating and set a $270.00 price target on shares of Ulta Beauty in a research report on Friday, December 1st. Cowen set a $246.00 price target on shares of Ulta Beauty and gave the company a buy rating in a research report on Friday, December 1st. KeyCorp set a $270.00 price target on shares of Ulta Beauty and gave the company a buy rating in a research report on Monday, November 27th. Loop Capital set a $300.00 price target on shares of Ulta Beauty and gave the company a buy rating in a research report on Monday, November 27th. Finally, Vetr cut shares of Ulta Beauty from a strong-buy rating to a buy rating and set a $247.00 price target on the stock. in a research report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $251.01.
Ulta Beauty stock traded up $1.34 during trading on Friday, reaching $208.26. The company had a trading volume of 1,289,013 shares, compared to its average volume of 1,363,031. The company has a market cap of $12,622.85, a price-to-earnings ratio of 25.52, a PEG ratio of 1.08 and a beta of 0.68. Ulta Beauty has a 12-month low of $187.96 and a 12-month high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, March 15th. The specialty retailer reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.02). The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Ulta Beauty had a net margin of 9.44% and a return on equity of 30.40%. The company’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period last year, the firm earned $2.24 earnings per share. analysts anticipate that Ulta Beauty will post 10.74 EPS for the current fiscal year.
Ulta Beauty announced that its board has initiated a stock repurchase plan on Thursday, March 15th that authorizes the company to repurchase $625.00 million in outstanding shares. This repurchase authorization authorizes the specialty retailer to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
A number of institutional investors and hedge funds have recently bought and sold shares of ULTA. Captrust Financial Advisors acquired a new stake in Ulta Beauty in the fourth quarter valued at $153,000. ACG Wealth acquired a new stake in Ulta Beauty in the fourth quarter valued at $216,000. Sapphire Star Partners LP acquired a new stake in Ulta Beauty in the fourth quarter valued at $224,000. BancorpSouth Bank acquired a new stake in Ulta Beauty in the fourth quarter valued at $230,000. Finally, Bluestein R H & Co. acquired a new stake in Ulta Beauty in the fourth quarter valued at $233,000. 91.98% of the stock is currently owned by hedge funds and other institutional investors.
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Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores provide cosmetics, fragrance, skincare, haircare, bath and body products, and salon styling tools, as well as others, including nail products and accessories. It offers private label products consisting of Ulta Beauty Collection branded cosmetics, skincare, and bath products.
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