Ulta Beauty (NASDAQ:ULTA) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Friday.
Other equities analysts have also issued reports about the stock. Morgan Stanley reissued a “buy” rating on shares of Ulta Beauty in a report on Wednesday, March 7th. Vetr lowered shares of Ulta Beauty from a “strong-buy” rating to a “buy” rating and set a $218.16 target price on the stock. in a report on Tuesday, March 6th. Zacks Investment Research raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $246.00 target price on the stock in a report on Monday, February 5th. Buckingham Research reissued a “buy” rating on shares of Ulta Beauty in a report on Tuesday, January 23rd. Finally, Wells Fargo set a $297.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Ulta Beauty has an average rating of “Buy” and a consensus target price of $255.09.
Ulta Beauty opened at $250.00 on Friday, MarketBeat.com reports. Ulta Beauty has a 12 month low of $187.96 and a 12 month high of $314.86. The stock has a market capitalization of $15.06 billion, a price-to-earnings ratio of 30.64, a PEG ratio of 1.29 and a beta of 0.64.
Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, March 15th. The specialty retailer reported $2.75 EPS for the quarter, missing the consensus estimate of $2.77 by ($0.02). Ulta Beauty had a net margin of 9.44% and a return on equity of 30.40%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the business earned $2.24 earnings per share. Ulta Beauty’s quarterly revenue was up 22.6% compared to the same quarter last year. equities research analysts predict that Ulta Beauty will post 10.75 earnings per share for the current year.
Ulta Beauty announced that its board has authorized a share 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 repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.
In other news, CEO Mary N. Dillon sold 16,286 shares of the firm’s stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $206.99, for a total value of $3,371,039.14. Following the sale, the chief executive officer now directly owns 100,984 shares in the company, valued at approximately $20,902,678.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dennis K. Eck sold 22,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 10th. The shares were sold at an average price of $216.82, for a total transaction of $4,770,040.00. Following the completion of the sale, the director now owns 427,333 shares in the company, valued at $92,654,341.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,286 shares of company stock worth $8,826,129. 5.60% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Captrust Financial Advisors acquired a new stake in Ulta Beauty during the 4th quarter worth approximately $153,000. Optimum Investment Advisors acquired a new stake in Ulta Beauty during the 1st quarter worth approximately $163,000. ACG Wealth acquired a new stake in Ulta Beauty during the 4th quarter worth approximately $216,000. Sapphire Star Partners LP acquired a new stake in Ulta Beauty during the 4th quarter worth approximately $224,000. Finally, BancorpSouth Bank acquired a new stake in Ulta Beauty during the 4th quarter worth approximately $230,000. Institutional investors and hedge funds own 93.51% of the company’s stock.
Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.
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