A number of other analysts have also recently issued reports on the company. Zacks Investment Research cut Ulta Beauty from a hold rating to a sell rating in a report on Monday, August 27th. Telsey Advisory Group increased their price objective on Ulta Beauty from $290.00 to $330.00 and gave the stock an outperform rating in a report on Monday, October 1st. BidaskClub raised Ulta Beauty from a sell rating to a hold rating in a report on Wednesday, August 22nd. Loop Capital reissued a hold rating and set a $280.00 price objective (up previously from $250.00) on shares of Ulta Beauty in a report on Thursday, September 13th. Finally, ValuEngine raised Ulta Beauty from a hold rating to a buy rating in a report on Friday, October 12th. Eight investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $286.96.
Shares of NASDAQ ULTA traded down $38.45 during trading on Friday, reaching $254.47. 4,225,348 shares of the stock traded hands, compared to its average volume of 1,026,716. Ulta Beauty has a 52-week low of $191.70 and a 52-week high of $322.49. The stock has a market capitalization of $17.51 billion, a PE ratio of 31.19, a P/E/G ratio of 1.47 and a beta of 0.63.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, December 6th. The specialty retailer reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.02. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Ulta Beauty had a return on equity of 33.96% and a net margin of 9.99%. The firm’s quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.69 EPS. As a group, research analysts forecast that Ulta Beauty will post 10.84 earnings per share for the current fiscal year.
In other news, Director Dennis K. Eck sold 35,000 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $287.15, for a total value of $10,050,250.00. Following the sale, the director now directly owns 361,294 shares in the company, valued at approximately $103,745,572.10. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Catherine Ann Halligan sold 129 shares of Ulta Beauty stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $281.50, for a total value of $36,313.50. Following the completion of the sale, the director now owns 3,628 shares in the company, valued at $1,021,282. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,407 shares of company stock worth $19,028,318. Corporate insiders own 5.60% of the company’s stock.
Several hedge funds have recently modified their holdings of ULTA. Rational Advisors LLC grew its position in shares of Ulta Beauty by 539.7% in the 3rd quarter. Rational Advisors LLC now owns 371 shares of the specialty retailer’s stock worth $105,000 after buying an additional 313 shares during the last quarter. One Wealth Advisors LLC purchased a new position in shares of Ulta Beauty in the 3rd quarter valued at approximately $112,000. Piedmont Investment Advisors LLC purchased a new position in shares of Ulta Beauty in the 2nd quarter valued at approximately $151,000. Stratos Wealth Partners LTD. purchased a new position in shares of Ulta Beauty in the 3rd quarter valued at approximately $151,000. Finally, Dupont Capital Management Corp purchased a new position in shares of Ulta Beauty in the 2nd quarter valued at approximately $162,000. Hedge funds and other institutional investors own 89.10% of the company’s stock.
About Ulta Beauty
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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