Shares of Ulta Beauty Inc (NASDAQ:ULTA) have been given a consensus recommendation of “Buy” by the twenty-two ratings firms that are covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $353.39.
ULTA has been the subject of a number of recent research reports. ValuEngine lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Deutsche Bank raised their target price on shares of Ulta Beauty from $300.00 to $315.00 and gave the company a “hold” rating in a report on Monday, June 3rd. Zacks Investment Research raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $384.00 target price for the company in a report on Monday, May 20th. Oppenheimer cut their target price on shares of Ulta Beauty from $400.00 to $370.00 and set an “outperform” rating for the company in a report on Friday, May 31st. Finally, Piper Jaffray Companies set a $360.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a report on Friday, May 31st.
In other Ulta Beauty news, Director Catherine Ann Halligan sold 400 shares of Ulta Beauty stock in a transaction on Friday, June 7th. The shares were sold at an average price of $343.02, for a total transaction of $137,208.00. Following the completion of the transaction, the director now directly owns 2,811 shares of the company’s stock, valued at $964,229.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lorna Nagler sold 2,000 shares of Ulta Beauty stock in a transaction on Friday, June 14th. The stock was sold at an average price of $354.03, for a total transaction of $708,060.00. Following the transaction, the director now directly owns 8,368 shares of the company’s stock, valued at $2,962,523.04. The disclosure for this sale can be found here. Insiders have sold 2,715 shares of company stock valued at $958,441 over the last ninety days. 4.20% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in ULTA. Shine Investment Advisory Services Inc. lifted its position in shares of Ulta Beauty by 85.0% during the first quarter. Shine Investment Advisory Services Inc. now owns 74 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 34 shares during the last quarter. Legacy Advisors LLC bought a new stake in shares of Ulta Beauty during the second quarter worth $26,000. Commonwealth Bank of Australia lifted its position in shares of Ulta Beauty by 79.2% during the second quarter. Commonwealth Bank of Australia now owns 86 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 38 shares during the last quarter. Motco bought a new stake in shares of Ulta Beauty during the first quarter worth $29,000. Finally, Next Capital Management LLC lifted its position in shares of Ulta Beauty by 206.7% during the second quarter. Next Capital Management LLC now owns 92 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 62 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.
Shares of ULTA stock traded up $1.59 on Friday, reaching $322.03. The company’s stock had a trading volume of 564,200 shares, compared to its average volume of 654,454. The stock’s fifty day simple moving average is $347.10 and its 200-day simple moving average is $336.51. Ulta Beauty has a 1 year low of $224.43 and a 1 year high of $368.83. The company has a current ratio of 1.93, a quick ratio of 0.74 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $18.76 billion, a price-to-earnings ratio of 29.68, a price-to-earnings-growth ratio of 1.37 and a beta of 0.96.
Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, May 30th. The specialty retailer reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $3.06 by $0.02. Ulta Beauty had a net margin of 9.92% and a return on equity of 36.48%. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the firm posted $2.70 earnings per share. Ulta Beauty’s revenue for the quarter was up 12.9% compared to the same quarter last year. Equities research analysts forecast that Ulta Beauty will post 12.77 earnings per share 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, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.
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