StockNews.com Lowers Ulta Beauty (NASDAQ:ULTA) to Hold

Ulta Beauty (NASDAQ:ULTAGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

A number of other brokerages have also recently issued reports on ULTA. Citigroup boosted their target price on shares of Ulta Beauty from $393.00 to $425.00 and gave the company a “neutral” rating in a research report on Tuesday, May 31st. Jefferies Financial Group raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and boosted their target price for the company from $400.00 to $475.00 in a research report on Friday, May 27th. Robert W. Baird boosted their target price on shares of Ulta Beauty from $450.00 to $490.00 and gave the company an “outperform” rating in a research report on Friday, May 27th. Barclays boosted their target price on shares of Ulta Beauty from $469.00 to $491.00 and gave the company an “overweight” rating in a research report on Tuesday, May 31st. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Ulta Beauty from $522.00 to $466.00 in a research note on Wednesday, May 25th. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Ulta Beauty currently has an average rating of “Moderate Buy” and a consensus target price of $458.38.

ULTA stock traded down $0.31 during midday trading on Thursday, reaching $395.91. 649,865 shares of the company were exchanged, compared to its average volume of 779,653. The business has a 50-day moving average price of $397.65 and a two-hundred day moving average price of $388.11. Ulta Beauty has a one year low of $319.05 and a one year high of $438.63. The firm has a market capitalization of $20.52 billion, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 1.88 and a beta of 1.54.

Ulta Beauty (NASDAQ:ULTAGet Rating) last released its quarterly earnings data on Thursday, May 26th. The specialty retailer reported $6.30 EPS for the quarter, topping analysts’ consensus estimates of $4.46 by $1.84. Ulta Beauty had a net margin of 12.03% and a return on equity of 60.83%. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the previous year, the business posted $4.10 earnings per share. The company’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, research analysts expect that Ulta Beauty will post 20.07 EPS for the current year.

In related news, COO Kecia Steelman sold 13,199 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $405.02, for a total transaction of $5,345,858.98. Following the completion of the sale, the chief operating officer now owns 16,627 shares of the company’s stock, valued at $6,734,267.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George R. Mrkonic, Jr. sold 476 shares of Ulta Beauty stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $391.84, for a total value of $186,515.84. Following the completion of the sale, the director now owns 2,393 shares of the company’s stock, valued at $937,673.12. The disclosure for this sale can be found here. Insiders have sold a total of 46,207 shares of company stock valued at $19,411,502 in the last three months. Insiders own 2.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in ULTA. Toroso Investments LLC grew its stake in shares of Ulta Beauty by 35.8% in the 3rd quarter. Toroso Investments LLC now owns 1,055 shares of the specialty retailer’s stock valued at $382,000 after buying an additional 278 shares during the period. Cetera Advisor Networks LLC boosted its holdings in Ulta Beauty by 9.1% in the third quarter. Cetera Advisor Networks LLC now owns 2,213 shares of the specialty retailer’s stock worth $799,000 after acquiring an additional 185 shares in the last quarter. Colony Group LLC bought a new position in Ulta Beauty in the third quarter worth approximately $1,200,000. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Ulta Beauty in the third quarter worth approximately $505,000. Finally, National Pension Service boosted its holdings in Ulta Beauty by 7.8% in the third quarter. National Pension Service now owns 93,910 shares of the specialty retailer’s stock worth $33,894,000 after acquiring an additional 6,784 shares in the last quarter. 89.20% of the stock is owned by institutional investors.

About Ulta Beauty (Get Rating)

Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services.

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Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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