Ulta Beauty Inc. (ULTA) PT Set at $250.00 by Royal Bank Of Canada
Ulta Beauty Inc. (NASDAQ:ULTA) has been given a $250.00 price objective by research analysts at Royal Bank Of Canada in a research note issued on Saturday. The brokerage presently has a “hold” rating on the specialty retailer’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 17.72% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. Edward Jones downgraded Ulta Beauty from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. Buckingham Research downgraded Ulta Beauty from a “buy” rating to a “neutral” rating and raised their target price for the company from $325.00 to $330.00 in a report on Friday, May 26th. Zacks Investment Research raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $301.00 target price for the company in a report on Thursday, July 13th. Stifel Nicolaus reissued a “hold” rating and issued a $325.00 target price (up previously from $305.00) on shares of Ulta Beauty in a report on Tuesday, June 6th. Finally, Deutsche Bank AG set a $300.00 target price on Ulta Beauty and gave the company a “hold” rating in a report on Sunday, May 28th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $291.39.
Shares of Ulta Beauty (ULTA) opened at 212.36 on Friday. The firm’s 50-day moving average is $249.47 and its 200-day moving average is $277.02. 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.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.05. Ulta Beauty had a return on equity of 29.72% and a net margin of 8.84%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the company earned $1.43 earnings per share. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, analysts expect that Ulta Beauty will post $8.33 earnings per share for the current fiscal year.
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In related news, Director Catherine Ann Halligan sold 500 shares of Ulta Beauty 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 completion of the sale, the director now owns 4,126 shares in the company, valued at approximately $1,288,797.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert F. Diromualdo sold 20,000 shares of Ulta Beauty stock in a transaction dated 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 sale, 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. Company insiders own 5.20% of the company’s stock.
A number of hedge funds have recently bought and sold shares of ULTA. Tyers Asset Management LLC boosted its stake in Ulta Beauty by 1.3% in the first quarter. Tyers Asset Management LLC now owns 5,152 shares of the specialty retailer’s stock worth $1,470,000 after buying an additional 64 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in Ulta Beauty by 61.5% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 4,976 shares of the specialty retailer’s stock worth $1,419,000 after buying an additional 1,895 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Ulta Beauty by 78.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 16,294 shares of the specialty retailer’s stock worth $4,648,000 after buying an additional 7,140 shares during the last quarter. Tocqueville Asset Management L.P. raised its stake in shares of Ulta Beauty by 0.6% in the first quarter. Tocqueville Asset Management L.P. now owns 17,049 shares of the specialty retailer’s stock worth $4,863,000 after buying an additional 99 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Ulta Beauty by 2.5% in the first quarter. Jennison Associates LLC now owns 2,253,863 shares of the specialty retailer’s stock worth $642,869,000 after buying an additional 55,789 shares during the last quarter. Hedge funds and other institutional investors own 85.68% of the company’s stock.
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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