Media stories about Ulta Beauty (NASDAQ:ULTA) have trended somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ulta Beauty earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news coverage about the specialty retailer an impact score of 44.2742818125562 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
Several analysts have recently commented on ULTA shares. Guggenheim upgraded shares of Ulta Beauty from a “neutral” rating to a “buy” rating and set a $260.00 price target on the stock in a research report on Monday, April 16th. Piper Jaffray restated a “hold” rating and set a $230.00 target price on shares of Ulta Beauty in a research report on Monday, January 22nd. Wells Fargo set a $297.00 target price on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Thursday, January 11th. Vetr upgraded shares of Ulta Beauty from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 27th. Finally, Morgan Stanley restated a “buy” rating on shares of Ulta Beauty in a research report on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Ulta Beauty presently has a consensus rating of “Buy” and a consensus price target of $252.44.
NASDAQ:ULTA traded up $0.89 during trading hours on Friday, reaching $235.05. 1,090,750 shares of the company were exchanged, compared to its average volume of 1,088,637. The company has a market cap of $14,246.62, a P/E ratio of 28.81, a P/E/G ratio of 1.22 and a beta of 0.68. Ulta Beauty has a 52-week low of $187.96 and a 52-week high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, March 15th. The specialty retailer reported $2.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.77 by ($0.02). The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Ulta Beauty had a return on equity of 30.40% and a net margin of 9.44%. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.24 EPS. research analysts anticipate that Ulta Beauty will post 10.74 earnings per share for the current year.
Ulta Beauty declared that its board has authorized a share buyback program on Thursday, March 15th that authorizes the company to buyback $625.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
In other Ulta Beauty news, Director Lorna Nagler sold 3,000 shares of the stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $228.35, for a total transaction of $685,050.00. Following the transaction, the director now owns 8,336 shares of the company’s stock, valued at $1,903,525.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Dennis K. Eck sold 22,000 shares of the stock in a transaction that occurred on Tuesday, April 10th. The stock was sold at an average price of $216.82, for a total transaction of $4,770,040.00. Following the transaction, the director now directly owns 427,333 shares in the company, valued at approximately $92,654,341.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,286 shares of company stock worth $8,826,129. 5.20% of the stock is currently owned by insiders.
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About Ulta Beauty
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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