Several other equities analysts have also commented on ULTA. Piper Jaffray Companies reaffirmed a hold rating and issued a $230.00 price objective on shares of Ulta Beauty in a research report on Monday, January 22nd. Buckingham Research reaffirmed a buy rating on shares of Ulta Beauty in a research report on Tuesday, January 23rd. JPMorgan Chase increased their price objective on shares of Ulta Beauty from $270.00 to $300.00 and gave the company an overweight rating in a research report on Friday, January 26th. Zacks Investment Research raised shares of Ulta Beauty from a hold rating to a buy rating and set a $246.00 price objective for the company in a research report on Monday, February 5th. Finally, BidaskClub raised shares of Ulta Beauty from a sell rating to a hold rating in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $257.96.
ULTA stock opened at $254.77 on Monday. The stock has a market cap of $15.47 billion, a price-to-earnings ratio of 31.22, a PEG ratio of 1.28 and a beta of 0.64. Ulta Beauty has a one year low of $187.96 and a one year high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, March 15th. The specialty retailer reported $2.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.77 by ($0.02). The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Ulta Beauty had a net margin of 9.44% and a return on equity of 30.40%. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.24 earnings per share. equities research analysts predict that Ulta Beauty will post 10.77 EPS for the current year.
Ulta Beauty announced that its Board of Directors has approved a share repurchase program on Thursday, March 15th that permits the company to buyback $625.00 million in outstanding shares. This buyback authorization permits the specialty retailer to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
In other news, Director Dennis K. Eck sold 22,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 10th. The shares were sold at an average price of $216.82, for a total transaction of $4,770,040.00. Following the sale, the director now owns 427,333 shares of the company’s stock, valued at approximately $92,654,341.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lorna Nagler sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $228.35, for a total transaction of $685,050.00. Following the sale, the director now directly owns 8,336 shares in the company, valued at approximately $1,903,525.60. The disclosure for this sale can be found here. Insiders have sold a total of 41,286 shares of company stock worth $8,826,129 in the last ninety days. Corporate insiders own 5.60% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of ULTA. Captrust Financial Advisors purchased a new position in shares of Ulta Beauty during the 4th quarter valued at approximately $153,000. Optimum Investment Advisors purchased a new position in shares of Ulta Beauty during the 1st quarter valued at approximately $163,000. ACG Wealth purchased a new position in shares of Ulta Beauty during the 4th quarter valued at approximately $216,000. Sapphire Star Partners LP purchased a new position in shares of Ulta Beauty during the 4th quarter valued at approximately $224,000. Finally, BancorpSouth Bank purchased a new position in shares of Ulta Beauty during the 4th quarter valued at approximately $230,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.
Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.
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