Ulta Beauty Inc. (ULTA) PT Lowered to $245.00 at Morgan Stanley
Ulta Beauty Inc. (NASDAQ:ULTA) had its target price cut by Morgan Stanley from $313.00 to $245.00 in a research report report published on Monday morning. They currently have an equal weight rating on the specialty retailer’s stock.
A number of other brokerages have also weighed in on ULTA. Edward Jones lowered shares of Ulta Beauty from a buy rating to a hold rating in a research report on Wednesday, May 24th. Buckingham Research lowered shares of Ulta Beauty from a buy rating to a neutral rating and increased their target price for the stock from $325.00 to $330.00 in a research report on Friday, May 26th. Zacks Investment Research upgraded shares of Ulta Beauty from a hold rating to a buy rating and set a $301.00 target price for the company in a research report on Thursday, July 13th. Stifel Nicolaus reiterated a hold rating and set a $325.00 target price (up previously from $305.00) on shares of Ulta Beauty in a research report on Tuesday, June 6th. Finally, Deutsche Bank AG set a $300.00 target price on shares of Ulta Beauty and gave the stock a hold rating in a research report on Sunday, May 28th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $285.52.
Ulta Beauty (NASDAQ:ULTA) opened at 213.57 on Monday. Ulta Beauty has a 52-week low of $208.25 and a 52-week high of $314.86. The firm’s 50-day moving average is $249.47 and its 200-day moving average is $277.02. The firm has a market cap of $13.23 billion, a price-to-earnings ratio of 28.43 and a beta of 0.57.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results 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 company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.43 earnings per share. Analysts forecast that Ulta Beauty will post $8.38 EPS for the current fiscal year.
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In related news, Director Catherine Ann Halligan sold 500 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were 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 of the company’s stock, valued at $1,288,797.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael R. Macdonald bought 2,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was bought at an average cost of $208.37 per share, for a total transaction of $416,740.00. Following the completion of the purchase, the director now directly owns 6,224 shares of the company’s stock, valued at $1,296,894.88. The disclosure for this purchase can be found here. Company insiders own 5.20% of the company’s stock.
A number of large investors have recently made changes to their positions in ULTA. Retirement Systems of Alabama increased its stake in shares of Ulta Beauty by 1.8% in the first quarter. Retirement Systems of Alabama now owns 28,277 shares of the specialty retailer’s stock worth $8,065,000 after buying an additional 489 shares in the last quarter. Candriam Luxembourg S.C.A. increased its stake in shares of Ulta Beauty by 31.4% in the first quarter. Candriam Luxembourg S.C.A. now owns 3,620 shares of the specialty retailer’s stock worth $1,033,000 after buying an additional 866 shares in the last quarter. Nationwide Fund Advisors increased its stake in shares of Ulta Beauty by 2.1% in the first quarter. Nationwide Fund Advisors now owns 29,234 shares of the specialty retailer’s stock worth $8,338,000 after buying an additional 591 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Ulta Beauty by 19,878.6% in the first quarter. Acadian Asset Management LLC now owns 5,594 shares of the specialty retailer’s stock worth $1,596,000 after buying an additional 5,566 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Ulta Beauty by 107.0% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 9,120 shares of the specialty retailer’s stock worth $2,601,000 after buying an additional 4,715 shares in the last quarter. 87.15% of the stock is currently owned by institutional investors and hedge funds.
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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