UBS Group set a $335.00 price target on Ulta Beauty (NASDAQ:ULTA) in a research note issued to investors on Friday morning, www.benzinga.com reports. The firm currently has a buy rating on the specialty retailer’s stock.
Other equities analysts have also recently issued research reports about the company. Zacks Investment Research cut Ulta Beauty from a hold rating to a sell rating in a report on Monday, August 27th. Telsey Advisory Group raised their price target on Ulta Beauty from $290.00 to $330.00 and gave the company an outperform rating in a report on Monday, October 1st. Loop Capital reiterated a hold rating and issued a $280.00 price target (up previously from $250.00) on shares of Ulta Beauty in a report on Thursday, September 13th. BidaskClub upgraded Ulta Beauty from a sell rating to a hold rating in a report on Wednesday, August 22nd. Finally, ValuEngine upgraded Ulta Beauty from a hold rating to a buy rating in a report on Friday, October 12th. Eight investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $286.96.
Shares of ULTA stock traded down $38.45 during trading hours on Friday, hitting $254.47. 4,225,348 shares of the company’s stock were exchanged, compared to its average volume of 1,026,716. The stock has a market capitalization of $17.51 billion, a PE ratio of 31.19, a PEG ratio of 1.47 and a beta of 0.63. Ulta Beauty has a 52 week low of $191.70 and a 52 week high of $322.49.
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. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Ulta Beauty had a return on equity of 33.96% and a net margin of 9.99%. The business’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.69 earnings per share. Equities research analysts forecast that Ulta Beauty will post 10.84 earnings per share for the current year.
In other Ulta Beauty news, Director Catherine Ann Halligan sold 129 shares of the firm’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $281.50, for a total transaction of $36,313.50. Following the transaction, the director now owns 3,628 shares in the company, valued at $1,021,282. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Dennis K. Eck sold 31,278 shares of the firm’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $285.88, for a total value of $8,941,754.64. Following the transaction, the director now owns 334,778 shares in the company, valued at approximately $95,706,334.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,407 shares of company stock worth $19,028,318. Company insiders own 5.60% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of ULTA. Rational Advisors LLC raised its position in shares of Ulta Beauty by 539.7% during the third quarter. Rational Advisors LLC now owns 371 shares of the specialty retailer’s stock worth $105,000 after purchasing an additional 313 shares during the period. One Wealth Advisors LLC acquired a new stake in shares of Ulta Beauty during the third quarter worth about $112,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Ulta Beauty during the second quarter worth about $151,000. Stratos Wealth Partners LTD. acquired a new stake in shares of Ulta Beauty during the third quarter worth about $151,000. Finally, Dupont Capital Management Corp acquired a new stake in shares of Ulta Beauty during the second quarter worth about $162,000. Hedge funds and other institutional investors own 89.10% 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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