Robert W. Baird Analysts Give Ulta Beauty Inc. (ULTA) a $335.00 Price Target
Robert W. Baird set a $335.00 price objective on Ulta Beauty Inc. (NASDAQ:ULTA) in a research report report published on Wednesday. The brokerage currently has a buy rating on the specialty retailer’s stock.
Other equities research analysts also recently issued reports about the company. Buckingham Research downgraded Ulta Beauty from a buy rating to a neutral rating and increased their price objective for the company from $325.00 to $330.00 in a report on Friday, May 26th. Piper Jaffray Companies set a $333.00 price objective on Ulta Beauty and gave the company a buy rating in a report on Saturday, May 27th. Royal Bank Of Canada set a $310.00 price objective on Ulta Beauty and gave the company a hold rating in a report on Sunday, May 28th. Telsey Advisory Group reissued an outperform rating and issued a $360.00 price objective (up from $320.00) on shares of Ulta Beauty in a report on Friday, May 26th. Finally, Cowen and Company reissued an outperform rating and issued a $336.00 price objective (up from $311.00) on shares of Ulta Beauty in a report on Sunday, May 28th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company. Ulta Beauty presently has a consensus rating of Hold and a consensus price target of $294.72.
Shares of Ulta Beauty (NASDAQ:ULTA) opened at 212.36 on Wednesday. Ulta Beauty has a one year low of $208.25 and a one year high of $314.86. The stock has a market capitalization of $13.15 billion, a PE ratio of 28.27 and a beta of 0.57. The firm’s 50-day moving average is $249.47 and its 200-day moving average is $277.02. Ulta Beauty also was the target of some unusual options trading on Thursday. Traders acquired 23,425 put options on the stock. This is an increase of 769% compared to the typical volume of 2,696 put options.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.05. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Ulta Beauty had a return on equity of 29.72% and a net margin of 8.84%. The company’s revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 earnings per share. On average, analysts expect that Ulta Beauty will post $8.32 earnings per share for the current fiscal year.
In other news, Director Catherine Ann Halligan sold 500 shares of the firm’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 owns 4,126 shares in the company, valued at $1,288,797.36. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert F. Diromualdo sold 20,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 4,717 shares of the company’s stock, valued at approximately $1,457,788.85. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp boosted its position in shares of 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. Sun Life Financial INC boosted its position in shares of 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 purchased a new position in shares of Ulta Beauty during the first quarter worth $142,000. Lazard Asset Management LLC purchased a new position in shares of Ulta Beauty during the second quarter worth $157,000. Finally, NEXT Financial Group Inc boosted its position in shares of Ulta Beauty by 18.0% in the first quarter. NEXT Financial Group Inc now owns 565 shares of the specialty retailer’s stock worth $159,000 after buying an additional 86 shares in the last quarter. Institutional investors and hedge funds own 85.68% of the company’s stock.
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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