Ulta Beauty Inc (NASDAQ:ULTA) has been assigned an average recommendation of “Buy” from the twenty-eight research firms that are covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation, nineteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $288.92.
Several research analysts have commented on the stock. Jefferies Financial Group set a $335.00 target price on shares of Ulta Beauty and gave the stock a “buy” rating in a report on Friday, November 9th. Wells Fargo & Co decreased their target price on shares of Ulta Beauty from $336.00 to $328.00 and set an “outperform” rating for the company in a report on Friday. OTR Global cut shares of Ulta Beauty to a “positive” rating in a report on Wednesday, August 22nd. UBS Group raised their target price on shares of Ulta Beauty from $285.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, September 7th. Finally, Loop Capital raised their target price on shares of Ulta Beauty to $300.00 and gave the stock a “hold” rating in a report on Friday, November 9th.
In related news, Director Dennis K. Eck sold 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $287.15, for a total transaction of $10,050,250.00. Following the transaction, the director now owns 361,294 shares of the company’s stock, valued at $103,745,572.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Dennis K. Eck sold 31,278 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $285.88, for a total transaction of $8,941,754.64. Following the transaction, the director now directly owns 334,778 shares in the company, valued at approximately $95,706,334.64. The disclosure for this sale can be found here. Insiders sold 66,407 shares of company stock valued at $19,028,318 over the last three months. 5.60% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of ULTA. Rational Advisors LLC raised its position in Ulta Beauty by 539.7% during the third quarter. Rational Advisors LLC now owns 371 shares of the specialty retailer’s stock valued at $105,000 after acquiring an additional 313 shares in the last quarter. One Wealth Advisors LLC bought a new position in Ulta Beauty during the third quarter valued at approximately $112,000. Piedmont Investment Advisors LLC bought a new position in Ulta Beauty during the second quarter valued at approximately $151,000. Stratos Wealth Partners LTD. bought a new position in Ulta Beauty during the third quarter valued at approximately $151,000. Finally, Dupont Capital Management Corp bought a new position in Ulta Beauty during the second quarter valued at approximately $162,000. 89.10% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ULTA traded down $38.45 during midday trading on Monday, hitting $254.47. The stock had a trading volume of 4,225,348 shares, compared to its average volume of 1,026,716. Ulta Beauty has a fifty-two week low of $191.70 and a fifty-two week high of $322.49. The stock has a market cap of $17.51 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 1.47 and a beta of 0.63.
Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, December 6th. The specialty retailer reported $2.18 EPS for the quarter, topping the consensus estimate of $2.16 by $0.02. Ulta Beauty had a net margin of 9.99% and a return on equity of 33.96%. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period last year, the company posted $1.69 earnings per share. The business’s revenue for the quarter was up 16.2% on a year-over-year basis. On average, sell-side analysts forecast that Ulta Beauty will post 10.84 EPS for the current year.
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.
See Also: What is an Initial Public Offering (IPO)?
Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.