Favorable Press Coverage Somewhat Unlikely to Impact Ulta Beauty (ULTA) Stock Price
Headlines about Ulta Beauty (NASDAQ:ULTA) have trended positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ulta Beauty earned a daily sentiment score of 0.29 on Accern’s scale. Accern also assigned media coverage about the specialty retailer an impact score of 46.2188656510758 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s rankings:
- January 2020 Options Now Available For Ulta Beauty (ULTA) (stockoptionschannel.com)
- Fluctuating Stocks: Glu Mobile Inc., (NASDAQ: GLUU), Ulta Beauty, Inc., (NASDAQ: ULTA), NRG Energy, Inc., (NYSE … – Stocks In The News (press release) (tradingnewsnow.com)
- Beauty products: 5 tips for savvy shopping (usatoday.com)
- Ulta Beauty, Starbucks, Fork & Salad among tenants joining Target on Maui – Pacific Business News (Honolulu) (bizjournals.com)
- Today's Bell Ringer, November 8, 2017 (finance.yahoo.com)
Ulta Beauty (NASDAQ ULTA) traded up $0.94 during midday trading on Wednesday, hitting $199.99. The stock had a trading volume of 647,800 shares, compared to its average volume of 963,983. Ulta Beauty has a 12 month low of $187.96 and a 12 month high of $314.86. The firm has a market capitalization of $12,230.00, a PE ratio of 26.83, a price-to-earnings-growth ratio of 1.22 and a beta of 0.51.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. research analysts forecast that Ulta Beauty will post 8.36 earnings per share for the current fiscal year.
A number of analysts recently weighed in on ULTA shares. Zacks Investment Research downgraded Ulta Beauty from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Piper Jaffray Companies restated a “buy” rating and issued a $260.00 price target on shares of Ulta Beauty in a research note on Sunday, October 1st. Oppenheimer Holdings, Inc. downgraded Ulta Beauty from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $330.00 to $270.00 in a research note on Tuesday, August 8th. Jefferies Group LLC set a $350.00 price target on Ulta Beauty and gave the company a “buy” rating in a research note on Monday, August 14th. Finally, Robert W. Baird set a $295.00 price target on Ulta Beauty and gave the company a “buy” rating in a research note on Sunday, October 1st. One research analyst has rated the stock with a sell rating, fourteen 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 price target of $274.11.
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In other Ulta Beauty news, Director Charles Heilbronn bought 127,889 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The stock was purchased at an average cost of $195.21 per share, for a total transaction of $24,965,211.69. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael R. Macdonald bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average price of $208.37 per share, with a total value 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 approximately $1,296,894.88. The disclosure for this purchase can be found here. Insiders own 5.20% 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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