Ulta Beauty Inc. (ULTA) Price Target Lowered to $212.36 at Royal Bank Of Canada
Ulta Beauty Inc. (NASDAQ:ULTA) had its target price decreased by Royal Bank Of Canada from $250.00 to $212.36 in a research note published on Monday morning. Royal Bank Of Canada currently has a sector perform rating on the specialty retailer’s stock.
Several other equities analysts also recently weighed in on the company. Buckingham Research set a $225.00 target price on Ulta Beauty and gave the stock a hold rating in a research report on Friday, August 25th. KeyCorp reiterated a buy rating and set a $300.00 target price (down from $330.00) on shares of Ulta Beauty in a research report on Friday, August 25th. Zacks Investment Research upgraded Ulta Beauty from a sell rating to a hold rating in a research note on Friday, August 25th. Cowen and Company set a $336.00 price target on Ulta Beauty and gave the stock a buy rating in a research note on Friday, August 25th. Finally, Robert W. Baird restated an outperform rating and set a $295.00 price target (down from $335.00) on shares of Ulta Beauty in a research note on Friday, August 25th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $285.52.
Shares of Ulta Beauty (NASDAQ:ULTA) opened at 221.01 on Monday. The firm has a market capitalization of $13.69 billion, a P/E ratio of 29.42 and a beta of 0.57. The company’s 50 day moving average price is $243.65 and its 200-day moving average price is $275.35. Ulta Beauty has a 12 month low of $208.25 and a 12 month high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last released its 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 29.33% and a net margin of 8.84%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the business posted $1.43 earnings per share. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. On average, equities analysts predict that Ulta Beauty will post $8.38 earnings per share for the current fiscal year.
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 stock was 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 in the company, valued at approximately $1,288,797.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael R. Macdonald bought 2,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average price of $208.37 per share, for a total transaction of $416,740.00. Following the completion of the transaction, the director now owns 6,224 shares in the company, 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 hedge funds have recently bought and sold shares of ULTA. Vanguard Group Inc. boosted its stake 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 valued at $1,648,774,000 after buying an additional 173,627 shares in the last quarter. BlackRock Inc. boosted its stake in Ulta Beauty by 6.2% in the second quarter. BlackRock Inc. now owns 4,255,942 shares of the specialty retailer’s stock valued at $1,222,902,000 after buying an additional 247,992 shares in the last quarter. Jennison Associates LLC boosted its stake 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 valued at $709,251,000 after buying an additional 205,289 shares in the last quarter. JPMorgan Chase & Co. boosted its stake 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 valued at $626,560,000 after buying an additional 83,081 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake 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 valued at $447,047,000 after buying an additional 17,380 shares in the last quarter. Hedge funds and other institutional investors own 87.15% 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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