BidaskClub cut shares of Ulta Beauty Inc (NASDAQ:ULTA) from a hold rating to a sell rating in a research note issued to investors on Wednesday, July 12th.

A number of other research analysts have also recently weighed in on ULTA. Royal Bank Of Canada set a $310.00 price objective on shares of Ulta Beauty and gave the company a hold rating in a report on Sunday, May 28th. Piper Jaffray Companies set a $333.00 price objective on shares of Ulta Beauty and gave the company a buy rating in a report on Saturday, May 27th. Stifel Nicolaus reaffirmed a hold rating and issued a $305.00 price objective (up previously from $290.00) on shares of Ulta Beauty in a report on Friday, May 26th. Cowen and Company reaffirmed an outperform rating and issued a $336.00 price objective (up previously from $311.00) on shares of Ulta Beauty in a report on Sunday, May 28th. Finally, Robert W. Baird set a $325.00 price objective on shares of Ulta Beauty and gave the company an outperform rating in a report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the stock. Ulta Beauty has an average rating of Hold and a consensus target price of $322.21.

Ulta Beauty (ULTA) opened at 248.81 on Wednesday. The company has a market cap of $15.43 billion, a P/E ratio of 34.94 and a beta of 0.57. The company has a 50-day moving average of $272.51 and a 200 day moving average of $280.75. Ulta Beauty has a one year low of $225.13 and a one year high of $314.86.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, May 25th. The specialty retailer reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.12. Ulta Beauty had a net margin of 9.75% and a return on equity of 32.23%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the company earned $1.45 earnings per share. The firm’s revenue for the quarter was up 22.4% on a year-over-year basis. Analysts anticipate that Ulta Beauty will post $8.32 earnings per share for the current year.

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In other news, Director Robert F. Diromualdo sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $309.05, for a total value of $6,181,000.00. Following the sale, the director now directly owns 4,717 shares of the company’s stock, valued at approximately $1,457,788.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Catherine Ann Halligan sold 500 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $312.36, for a total transaction of $156,180.00. Following the completion of the sale, the director now directly owns 4,126 shares in the company, valued at $1,288,797.36. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Several large investors have recently added to or reduced their stakes in ULTA. Proffitt & Goodson Inc. increased its stake in Ulta Beauty by 234.9% in the second quarter. Proffitt & Goodson Inc. now owns 3,305 shares of the specialty retailer’s stock worth $950,000 after buying an additional 2,318 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Ulta Beauty by 313.6% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,275 shares of the specialty retailer’s stock worth $572,000 after buying an additional 1,725 shares during the period. Prudential Financial Inc. increased its stake in shares of Ulta Beauty by 38.4% in the second quarter. Prudential Financial Inc. now owns 159,691 shares of the specialty retailer’s stock valued at $45,886,000 after buying an additional 44,286 shares during the last quarter. Great Lakes Advisors LLC increased its stake in shares of Ulta Beauty by 7.7% in the second quarter. Great Lakes Advisors LLC now owns 1,100 shares of the specialty retailer’s stock valued at $316,000 after buying an additional 79 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Ulta Beauty by 21.4% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,157 shares of the specialty retailer’s stock valued at $620,000 after buying an additional 380 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Company Profile

Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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