Ulta Beauty (ULTA) Lowered to “Sell” at BidaskClub

BidaskClub lowered shares of Ulta Beauty (NASDAQ:ULTA) from a hold rating to a sell rating in a research note released on Saturday morning.

Several other analysts have also recently weighed in on ULTA. Cowen set a $336.00 price target on shares of Ulta Beauty and gave the company a buy rating in a research note on Friday, October 20th. Robert W. Baird set a $265.00 price target on shares of Ulta Beauty and gave the company a buy rating in a research note on Monday, October 23rd. Royal Bank of Canada set a $250.00 price target on shares of Ulta Beauty and gave the company a hold rating in a research note on Monday, October 30th. BMO Capital Markets reissued a hold rating and issued a $235.00 price target on shares of Ulta Beauty in a research note on Thursday, November 2nd. Finally, Cleveland Research reissued a hold rating on shares of Ulta Beauty in a research note on Tuesday, November 21st. One analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Ulta Beauty currently has an average rating of Buy and an average target price of $262.91.

Shares of Ulta Beauty (NASDAQ:ULTA) opened at $203.15 on Friday. Ulta Beauty has a one year low of $187.96 and a one year high of $314.86. The firm has a market cap of $12,390.52, a P/E ratio of 26.45, a PEG ratio of 0.99 and a beta of 0.54.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.03. Ulta Beauty had a net margin of 8.82% and a return on equity of 29.64%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. analysts anticipate that Ulta Beauty will post 8.35 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the business. William Blair Investment Management LLC purchased a new position in Ulta Beauty in the 4th quarter valued at approximately $40,357,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in Ulta Beauty by 64.7% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,800 shares of the specialty retailer’s stock valued at $626,000 after buying an additional 1,100 shares during the period. Altman Advisors Inc. purchased a new position in Ulta Beauty in the 4th quarter valued at approximately $1,750,000. MetLife Investment Advisors LLC purchased a new position in Ulta Beauty in the 4th quarter valued at approximately $4,039,000. Finally, Municipal Employees Retirement System of Michigan boosted its position in Ulta Beauty by 16.5% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 3,390 shares of the specialty retailer’s stock valued at $758,000 after buying an additional 480 shares during the period. 90.49% of the stock is owned by institutional investors.

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Ulta Beauty Company Profile

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.

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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Ulta Beauty (ULTA) Lowered to “Sell” at BidaskClub

BidaskClub downgraded shares of Ulta Beauty (NASDAQ:ULTA) from a hold rating to a sell rating in a research note released on Saturday.

Several other research firms have also commented on ULTA. Buckingham Research reaffirmed a buy rating on shares of Ulta Beauty in a report on Tuesday, January 23rd. Cowen set a $336.00 price target on shares of Ulta Beauty and gave the company a buy rating in a report on Friday, October 20th. Loop Capital set a $300.00 price target on shares of Ulta Beauty and gave the company a buy rating in a report on Sunday, December 3rd. Wells Fargo & Co set a $297.00 price objective on shares of Ulta Beauty and gave the stock a buy rating in a research report on Thursday, January 11th. Finally, Vetr upgraded shares of Ulta Beauty from a buy rating to a strong-buy rating and set a $254.50 price objective for the company in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $262.91.

Shares of Ulta Beauty (ULTA) opened at $203.15 on Friday. Ulta Beauty has a 1-year low of $187.96 and a 1-year high of $314.86. The company has a market cap of $12,390.52, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 0.99 and a beta of 0.54.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $1.70 EPS for the quarter, beating the consensus estimate of $1.67 by $0.03. Ulta Beauty had a net margin of 8.82% and a return on equity of 29.64%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. analysts predict that Ulta Beauty will post 8.35 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in shares of Ulta Beauty by 4.9% during the 4th quarter. BlackRock Inc. now owns 5,159,690 shares of the specialty retailer’s stock worth $1,154,015,000 after purchasing an additional 239,759 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Ulta Beauty by 10.3% during the 4th quarter. Alliancebernstein L.P. now owns 2,125,037 shares of the specialty retailer’s stock worth $475,286,000 after purchasing an additional 197,666 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Ulta Beauty by 58.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,390,665 shares of the specialty retailer’s stock worth $314,378,000 after purchasing an additional 512,315 shares during the last quarter. Jennison Associates LLC raised its position in shares of Ulta Beauty by 12.1% during the 4th quarter. Jennison Associates LLC now owns 721,677 shares of the specialty retailer’s stock worth $161,410,000 after purchasing an additional 77,742 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Ulta Beauty by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 712,922 shares of the specialty retailer’s stock worth $159,156,000 after purchasing an additional 20,954 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was first published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this report can be viewed at https://www.thelincolnianonline.com/2018/02/18/ulta-beauty-ulta-lowered-to-sell-at-bidaskclub.html.

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.

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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