OTR Global Lowers Ulta Beauty Inc. (ULTA) to Positive
OTR Global downgraded shares of Ulta Beauty Inc. (NASDAQ:ULTA) to a positive rating in a report issued on Monday morning, The Fly reports.
Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Ulta Beauty from a hold rating to a buy rating and set a $329.00 target price on the stock in a report on Monday, May 22nd. Piper Jaffray Companies set a $333.00 target price on Ulta Beauty and gave the stock a buy rating in a report on Saturday, May 27th. BMO Capital Markets set a $345.00 target price on Ulta Beauty and gave the stock a buy rating in a report on Saturday, May 27th. Jefferies Group LLC upgraded Ulta Beauty from a hold rating to a buy rating and increased their target price for the stock from $266.00 to $350.00 in a report on Friday, June 2nd. Finally, Goldman Sachs Group, Inc. (The) upgraded Ulta Beauty from a neutral rating to a buy rating and set a $310.00 target price on the stock in a report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Ulta Beauty presently has a consensus rating of Hold and an average price target of $316.68.
Ulta Beauty (ULTA) opened at 232.06 on Monday. The stock has a 50 day moving average of $252.42 and a 200-day moving average of $277.77. Ulta Beauty has a one year low of $225.13 and a one year high of $314.86. The stock has a market cap of $14.40 billion, a P/E ratio of 32.59 and a beta of 0.57.
Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, May 25th. The specialty retailer reported $1.91 EPS for the quarter, topping the consensus estimate of $1.79 by $0.12. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Ulta Beauty had a return on equity of 28.91% and a net margin of 8.75%. The business’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.45 earnings per share. Analysts anticipate that Ulta Beauty will post $8.32 EPS for the current year.
In other news, Director Robert F. Diromualdo sold 20,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $309.05, for a total transaction of $6,181,000.00. Following the sale, the director now owns 4,717 shares of the company’s stock, valued at $1,457,788.85. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Catherine Ann Halligan sold 500 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $312.36, for a total value of $156,180.00. Following the sale, the director now directly owns 4,126 shares in the company, valued at approximately $1,288,797.36. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in ULTA. Fifth Third Bancorp raised its stake in Ulta Beauty by 11.2% in the first quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock worth $114,000 after buying an additional 40 shares in the last quarter. Crestwood Advisors Group LLC acquired a new stake in Ulta Beauty during the first quarter worth approximately $120,000. Sun Life Financial INC raised its stake in Ulta Beauty by 4,655.6% in the second quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock worth $123,000 after buying an additional 419 shares in the last quarter. FNY Partners Fund LP acquired a new stake in Ulta Beauty during the first quarter worth approximately $142,000. Finally, Lazard Asset Management LLC acquired a new stake in Ulta Beauty during the second quarter worth approximately $157,000. 85.68% of the stock is currently owned by institutional investors.
About Ulta Beauty
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.
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