Shares of Ulta Beauty Inc (NASDAQ:ULTA) have earned an average recommendation of “Hold” from the twenty-seven analysts that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $288.09.
A number of research firms have issued reports on ULTA. Robert W. Baird set a $315.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Guggenheim cut their price target on Ulta Beauty from $325.00 to $300.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. ValuEngine raised Ulta Beauty from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Wolfe Research assumed coverage on Ulta Beauty in a report on Tuesday, October 8th. They issued a “buy” rating and a $288.00 price target for the company. Finally, Loop Capital set a $270.00 price target on Ulta Beauty and gave the stock a “hold” rating in a report on Tuesday, September 17th.
Shares of Ulta Beauty stock traded up $6.92 on Tuesday, hitting $282.62. 1,479,805 shares of the company’s stock traded hands, compared to its average volume of 1,294,551. Ulta Beauty has a one year low of $222.00 and a one year high of $368.83. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.67 and a quick ratio of 0.38. The company has a fifty day moving average of $251.79 and a two-hundred day moving average of $275.49. The company has a market capitalization of $15.76 billion, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 1.42 and a beta of 1.13.
Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, December 5th. The specialty retailer reported $2.25 EPS for the quarter, beating the consensus estimate of $2.13 by $0.12. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. Ulta Beauty had a return on equity of 36.91% and a net margin of 9.67%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.18 EPS. Equities research analysts anticipate that Ulta Beauty will post 11.79 earnings per share for the current year.
In related news, insider Jeffrey J. Childs sold 3,031 shares of Ulta Beauty stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $252.20, for a total transaction of $764,418.20. Following the completion of the sale, the insider now owns 10,333 shares of the company’s stock, valued at $2,605,982.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.20% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Schroder Investment Management Group lifted its stake in Ulta Beauty by 246.2% during the second quarter. Schroder Investment Management Group now owns 180 shares of the specialty retailer’s stock worth $62,000 after purchasing an additional 128 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Ulta Beauty by 45.6% in the second quarter. LPL Financial LLC now owns 18,283 shares of the specialty retailer’s stock worth $6,342,000 after buying an additional 5,730 shares during the period. Quantamental Technologies LLC purchased a new position in shares of Ulta Beauty in the second quarter worth about $40,000. Public Employees Retirement System of Ohio increased its holdings in shares of Ulta Beauty by 9.2% in the second quarter. Public Employees Retirement System of Ohio now owns 34,889 shares of the specialty retailer’s stock worth $12,103,000 after buying an additional 2,931 shares during the period. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Ulta Beauty by 36.8% in the second quarter. Canada Pension Plan Investment Board now owns 26,839 shares of the specialty retailer’s stock worth $9,310,000 after buying an additional 7,224 shares during the period. 89.72% of the stock is owned by institutional investors.
About Ulta Beauty
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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