Argus began coverage on shares of Ulta Beauty (NASDAQ:ULTA) in a research report report published on Wednesday morning, Marketbeat reports. The brokerage issued a buy rating and a $310.00 target price on the specialty retailer’s stock.
Other equities analysts also recently issued research reports about the company. Jefferies Financial Group set a $285.00 price objective on Ulta Beauty and gave the company a buy rating in a research report on Monday, July 30th. Zacks Investment Research raised Ulta Beauty from a hold rating to a buy rating and set a $286.00 price objective on the stock in a research report on Tuesday, July 24th. Wells Fargo & Co set a $278.00 price objective on Ulta Beauty and gave the company a buy rating in a research report on Monday, August 20th. Piper Jaffray Companies set a $270.00 price objective on Ulta Beauty and gave the company a buy rating in a research report on Tuesday, August 28th. Finally, UBS Group cut their price objective on Ulta Beauty from $290.00 to $285.00 and set a buy rating on the stock in a research report on Friday, August 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $270.16.
NASDAQ ULTA opened at $270.78 on Wednesday. The company has a market cap of $16.34 billion, a PE ratio of 28.66, a P/E/G ratio of 1.36 and a beta of 0.64. Ulta Beauty has a fifty-two week low of $191.70 and a fifty-two week high of $290.30.
Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 30th. The specialty retailer reported $2.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.41 by $0.05. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. Ulta Beauty had a return on equity of 33.29% and a net margin of 9.91%. On average, analysts forecast that Ulta Beauty will post 10.84 earnings per share for the current year.
In other Ulta Beauty news, Director Lorna Nagler sold 2,000 shares of the company’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $276.19, for a total value of $552,380.00. Following the completion of the sale, the director now directly owns 7,923 shares in the company, valued at approximately $2,188,253.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Catherine Ann Halligan sold 129 shares of the company’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $281.50, for a total value of $36,313.50. Following the completion of the sale, the director now owns 3,628 shares of the company’s stock, valued at $1,021,282. The disclosure for this sale can be found here. Insiders sold a total of 68,407 shares of company stock valued at $19,580,698 over the last quarter. Company insiders own 5.60% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN lifted its stake in shares of Ulta Beauty by 4.1% during the 2nd quarter. Wells Fargo & Company MN now owns 743,233 shares of the specialty retailer’s stock worth $173,515,000 after purchasing an additional 29,590 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Ulta Beauty by 13.6% during the 2nd quarter. IFP Advisors Inc now owns 3,155 shares of the specialty retailer’s stock worth $737,000 after purchasing an additional 377 shares during the last quarter. Capital One National Association purchased a new stake in shares of Ulta Beauty during the 2nd quarter worth $205,000. Atria Investments LLC purchased a new stake in shares of Ulta Beauty during the 2nd quarter worth $1,567,000. Finally, Emerald Advisers Inc. PA purchased a new stake in shares of Ulta Beauty during the 2nd quarter worth $1,141,000. Hedge funds and other institutional investors own 90.81% 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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