Ulta Beauty (NASDAQ:ULTA) was upgraded by equities researchers at OTR Global to a “positive” rating in a research note issued on Monday.
Several other equities research analysts have also recently commented on ULTA. Zacks Investment Research upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $280.00 target price on the stock in a research note on Wednesday, May 16th. Deutsche Bank set a $244.00 target price on Ulta Beauty and gave the company a “hold” rating in a research note on Monday, May 7th. BidaskClub cut Ulta Beauty from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 11th. Oppenheimer upgraded Ulta Beauty from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 15th. Finally, Loop Capital set a $250.00 target price on Ulta Beauty and gave the company a “buy” rating in a research note on Friday, March 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $257.96.
Shares of Ulta Beauty traded up $2.72, hitting $258.31, on Monday, according to Marketbeat Ratings. The company’s stock had a trading volume of 290,767 shares, compared to its average volume of 1,192,563. Ulta Beauty has a fifty-two week low of $187.96 and a fifty-two week high of $314.86. The firm has a market capitalization of $15.47 billion, a PE ratio of 31.66, a P/E/G ratio of 1.28 and a beta of 0.64.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, March 15th. The specialty retailer reported $2.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.77 by ($0.02). The business had revenue of $1.94 billion during 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%. Ulta Beauty’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.24 earnings per share. research analysts anticipate that Ulta Beauty will post 10.77 EPS for the current fiscal year.
Ulta Beauty announced that its board has authorized a share repurchase plan on Thursday, March 15th that allows the company to repurchase $625.00 million in outstanding shares. This repurchase authorization allows the specialty retailer to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.
In related news, Director Lorna Nagler sold 3,000 shares of the stock in a transaction on Monday, April 16th. The stock was sold at an average price of $228.35, for a total value of $685,050.00. Following the sale, the director now owns 8,336 shares in the company, valued at approximately $1,903,525.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mary N. Dillon sold 16,286 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now owns 100,984 shares in the company, valued at approximately $20,902,678.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,286 shares of company stock worth $8,826,129. 5.60% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in Ulta Beauty by 3.9% in the 1st quarter. BlackRock Inc. now owns 5,358,580 shares of the specialty retailer’s stock valued at $1,094,597,000 after buying an additional 198,890 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Ulta Beauty by 10.3% during the 4th quarter. Alliancebernstein L.P. now owns 2,125,037 shares of the specialty retailer’s stock worth $475,286,000 after purchasing an additional 197,666 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Ulta Beauty by 12.1% during the 4th quarter. Jennison Associates LLC now owns 721,677 shares of the specialty retailer’s stock worth $161,410,000 after purchasing an additional 77,742 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Ulta Beauty by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 712,922 shares of the specialty retailer’s stock worth $159,156,000 after purchasing an additional 20,954 shares in the last quarter. Finally, HS Management Partners LLC grew its holdings in shares of Ulta Beauty by 208.7% during the 4th quarter. HS Management Partners LLC now owns 699,365 shares of the specialty retailer’s stock worth $156,420,000 after purchasing an additional 472,850 shares in the last quarter. Institutional investors and hedge funds own 89.84% 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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