Ulta Beauty Inc. (ULTA) Price Target Cut to $300.00 by Analysts at Telsey Advisory Group
Ulta Beauty Inc. (NASDAQ:ULTA) had its price objective decreased by Telsey Advisory Group from $360.00 to $300.00 in a report issued on Friday morning. Telsey Advisory Group currently has an outperform rating on the specialty retailer’s stock.
Several other research analysts have also commented on ULTA. Jefferies Group LLC set a $266.00 price target on shares of Ulta Beauty and gave the stock a hold rating in a research note on Thursday, April 27th. Piper Jaffray Companies reiterated an overweight rating and issued a $314.00 target price on shares of Ulta Beauty in a research note on Monday, May 1st. Royal Bank Of Canada reiterated a hold rating on shares of Ulta Beauty in a research note on Tuesday, May 2nd. Zacks Investment Research upgraded shares of Ulta Beauty from a hold rating to a buy rating and set a $336.00 target price on the stock in a research note on Wednesday, May 10th. Finally, Oppenheimer Holdings, Inc. reiterated an outperform rating and issued a $330.00 target price (up from $315.00) on shares of Ulta Beauty in a research note on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $294.32.
Ulta Beauty (NASDAQ:ULTA) traded down 9.14% on Friday, hitting $212.36. The stock had a trading volume of 7,890,175 shares. Ulta Beauty has a one year low of $208.25 and a one year high of $314.86. The company’s 50-day moving average price is $249.47 and its 200 day moving average price is $277.02. The firm has a market cap of $13.15 billion, a price-to-earnings ratio of 28.27 and a beta of 0.57. Ulta Beauty also saw unusually large options trading activity on Thursday. Investors bought 23,425 put options on the stock. This represents an increase of approximately 769% compared to the average volume of 2,696 put options.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.05. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.72%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the business posted $1.43 EPS. Ulta Beauty’s quarterly revenue was up 20.7% on a year-over-year basis. Analysts expect 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 firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $309.05, for a total transaction 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 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 firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $312.36, for a total transaction of $156,180.00. Following 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. 5.20% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Ulta Beauty by 3.1% in the second quarter. Vanguard Group Inc. now owns 5,738,059 shares of the specialty retailer’s stock worth $1,648,774,000 after buying an additional 173,627 shares during the last quarter. BlackRock Inc. increased its position in Ulta Beauty by 6.2% in the second quarter. BlackRock Inc. now owns 4,255,942 shares of the specialty retailer’s stock worth $1,222,902,000 after buying an additional 247,992 shares during the last quarter. Jennison Associates LLC increased its position in Ulta Beauty by 9.1% in the second quarter. Jennison Associates LLC now owns 2,468,332 shares of the specialty retailer’s stock worth $709,251,000 after buying an additional 205,289 shares during the last quarter. JPMorgan Chase & Co. increased its position in Ulta Beauty by 4.0% in the second quarter. JPMorgan Chase & Co. now owns 2,180,557 shares of the specialty retailer’s stock worth $626,560,000 after buying an additional 83,081 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Ulta Beauty by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 1,567,313 shares of the specialty retailer’s stock worth $447,047,000 after buying an additional 17,380 shares during the last quarter. 85.68% of the stock is 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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