Ulta Beauty Inc. (ULTA) Given a $225.00 Price Target by Buckingham Research Analysts
Ulta Beauty Inc. (NASDAQ:ULTA) received a $225.00 price target from investment analysts at Buckingham Research in a report issued on Friday. The brokerage presently has a “hold” rating on the specialty retailer’s stock. Buckingham Research’s target price suggests a potential downside of 3.73% from the company’s previous close.
Several other brokerages also recently weighed in on ULTA. Stifel Nicolaus reiterated a “hold” rating and issued a $325.00 target price (up from $305.00) on shares of Ulta Beauty in a research note on Tuesday, June 6th. Jefferies Group LLC upgraded Ulta Beauty from a “hold” rating to a “buy” rating and lifted their target price for the company from $266.00 to $350.00 in a research note on Friday, June 2nd. Zacks Investment Research downgraded Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Morgan Stanley lifted their target price on Ulta Beauty from $300.00 to $313.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 31st. Finally, Guggenheim began coverage on Ulta Beauty in a research note on Tuesday, June 13th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $294.32.
Ulta Beauty (ULTA) traded down 8.27% during midday trading on Friday, reaching $214.38. 5,904,177 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $251.16 and its 200 day moving average is $277.45. The firm has a market capitalization of $13.30 billion, a price-to-earnings ratio of 30.11 and a beta of 0.57. Ulta Beauty has a 52 week low of $208.25 and a 52 week high of $314.86. Ulta Beauty also saw some unusual options trading on Thursday. Investors acquired 23,425 put options on the stock. This represents an increase of 769% compared to the average volume of 2,696 put options.
Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.05. Ulta Beauty had a return on equity of 28.91% and a net margin of 8.75%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the business posted $1.43 EPS. The company’s revenue was up 20.7% on a year-over-year basis. On average, equities 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 on Friday, June 2nd. The stock was sold at an average price of $309.05, for a total value of $6,181,000.00. Following the completion of the transaction, the director now directly 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 accessible through this hyperlink. Also, Director Catherine Ann Halligan sold 500 shares of the business’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $312.36, for a total value of $156,180.00. Following the completion of the transaction, the director now directly owns 4,126 shares of the company’s stock, 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 institutional investors have recently added to or reduced their stakes in ULTA. QS Investors LLC boosted its position in Ulta Beauty by 0.8% in the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after buying an additional 6 shares during the period. Balasa Dinverno & Foltz LLC boosted its position in Ulta Beauty by 1.0% in the second quarter. Balasa Dinverno & Foltz LLC now owns 999 shares of the specialty retailer’s stock worth $287,000 after buying an additional 10 shares during the period. Wendell David Associates Inc. boosted its position in Ulta Beauty by 1.3% in the second quarter. Wendell David Associates Inc. now owns 1,291 shares of the specialty retailer’s stock worth $371,000 after buying an additional 16 shares during the period. Chase Investment Counsel Corp boosted its position in Ulta Beauty by 1.1% in the second quarter. Chase Investment Counsel Corp now owns 1,683 shares of the specialty retailer’s stock worth $483,000 after buying an additional 18 shares during the period. Finally, Trust Investment Advisors boosted its position in Ulta Beauty by 0.7% in the first quarter. Trust Investment Advisors now owns 3,865 shares of the specialty retailer’s stock worth $1,102,000 after buying an additional 25 shares during the period. 85.68% of the stock is owned by institutional investors.
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.
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