Ulta Beauty Inc. (NASDAQ:ULTA)‘s stock had its “market perform” rating reissued by analysts at Oppenheimer Holdings, Inc. in a research report issued to clients and investors on Monday, July 31st, Marketbeat reports. They presently have a $330.00 price target on the specialty retailer’s stock, up from their previous price target of $270.00. Oppenheimer Holdings, Inc.’s price objective would indicate a potential upside of 31.45% from the stock’s previous close. Oppenheimer Holdings also issued estimates for Ulta Beauty’s FY2019 earnings at $9.66 EPS.
ULTA has been the subject of a number of other research reports. Zacks Investment Research upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $336.00 price objective for the company in a report on Wednesday, May 10th. BMO Capital Markets restated an “outperform” rating and set a $345.00 price objective on shares of Ulta Beauty in a report on Thursday, July 27th. Jefferies Group LLC set a $266.00 price objective on Ulta Beauty and gave the company a “hold” rating in a report on Wednesday, May 31st. BidaskClub cut Ulta Beauty from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, Goldman Sachs Group, Inc. (The) raised Ulta Beauty from a “neutral” rating to a “buy” rating and set a $310.00 target price for the company in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $319.05.
Shares of Ulta Beauty (ULTA) traded up 1.69% during midday trading on Monday, reaching $251.05. 385,940 shares of the company’s stock were exchanged. The company has a market cap of $15.57 billion, a P/E ratio of 35.25 and a beta of 0.57. Ulta Beauty has a 12 month low of $225.13 and a 12 month high of $314.86. The firm has a 50 day moving average price of $262.09 and a 200 day moving average price of $279.55.
Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, May 25th. The specialty retailer reported $1.91 EPS for the quarter, topping the Zacks’ consensus estimate of $1.79 by $0.12. Ulta Beauty had a return on equity of 28.91% and a net margin of 8.75%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the business earned $1.45 EPS. The company’s quarterly revenue was up 22.4% on a year-over-year basis. Equities research analysts forecast that Ulta Beauty will post $8.32 earnings per share for the current fiscal year.
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In related news, Director Catherine Ann Halligan sold 500 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $312.36, for a total value of $156,180.00. Following the completion of the transaction, the director now owns 4,126 shares of the company’s stock, valued at approximately $1,288,797.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert F. Diromualdo sold 20,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $309.05, for a total value of $6,181,000.00. Following the completion of the transaction, the director now directly owns 4,717 shares of the company’s stock, valued at approximately $1,457,788.85. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in ULTA. BlackRock Inc. boosted its position in Ulta Beauty by 2,734.8% in the first quarter. BlackRock Inc. now owns 4,007,950 shares of the specialty retailer’s stock worth $1,143,188,000 after buying an additional 3,866,567 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Ulta Beauty by 137.3% in the second quarter. Wells Fargo & Company MN now owns 1,053,780 shares of the specialty retailer’s stock worth $302,792,000 after buying an additional 609,671 shares during the last quarter. Harbour Capital Advisors LLC boosted its position in shares of Ulta Beauty by 28,419.1% in the second quarter. Harbour Capital Advisors LLC now owns 571,807 shares of the specialty retailer’s stock worth $1,990,000 after buying an additional 569,802 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Ulta Beauty by 1,786.4% in the first quarter. Wellington Management Group LLP now owns 449,648 shares of the specialty retailer’s stock worth $128,253,000 after buying an additional 425,812 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Ulta Beauty by 605.4% in the second quarter. Renaissance Technologies LLC now owns 389,400 shares of the specialty retailer’s stock worth $111,890,000 after buying an additional 334,198 shares during the last quarter. 85.63% of the stock is owned by institutional investors.
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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