Wells Fargo & Co set a $336.00 price objective on Ulta Beauty (NASDAQ:ULTA) in a report published on Friday morning, The Fly reports. The firm currently has a buy rating on the specialty retailer’s stock.
A number of other equities research analysts have also recently weighed in on ULTA. BidaskClub upgraded Ulta Beauty from a sell rating to a hold rating in a report on Thursday, July 12th. Zacks Investment Research raised Ulta Beauty from a hold rating to a buy rating and set a $286.00 target price on the stock in a research note on Tuesday, July 17th. Jefferies Financial Group set a $285.00 target price on Ulta Beauty and gave the company a buy rating in a research note on Monday, July 30th. OTR Global lowered Ulta Beauty to a positive rating in a research note on Wednesday, August 22nd. Finally, Stifel Nicolaus reduced their target price on Ulta Beauty from $250.00 to $245.00 and set a hold rating on the stock in a research note on Friday, August 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $280.40.
Shares of ULTA traded up $3.63 on Friday, reaching $308.12. The stock had a trading volume of 1,551,954 shares, compared to its average volume of 954,248. The stock has a market cap of $17.36 billion, a P/E ratio of 37.76, a P/E/G ratio of 1.45 and a beta of 0.60. Ulta Beauty has a twelve month low of $191.70 and a twelve month high of $312.20.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 30th. The specialty retailer reported $2.46 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.05. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Ulta Beauty had a return on equity of 33.29% and a net margin of 9.91%. As a group, equities analysts expect that Ulta Beauty will post 10.85 earnings per share for the current fiscal year.
In other Ulta Beauty news, Director Dennis K. Eck sold 35,000 shares of the stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $287.15, for a total transaction of $10,050,250.00. Following the transaction, the director now owns 361,294 shares of the company’s stock, valued at approximately $103,745,572.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lorna Nagler sold 2,000 shares of the stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $276.19, for a total value of $552,380.00. Following the transaction, the director now directly owns 7,923 shares in the company, valued at approximately $2,188,253.37. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,407 shares of company stock worth $19,580,698. Corporate insiders own 5.60% of the company’s stock.
Several institutional investors have recently modified their holdings of the business. Alliancebernstein L.P. lifted its stake in shares of Ulta Beauty by 4.3% during the 3rd quarter. Alliancebernstein L.P. now owns 2,686,897 shares of the specialty retailer’s stock worth $758,027,000 after purchasing an additional 109,978 shares during the period. FMR LLC lifted its stake in shares of Ulta Beauty by 35.5% during the 3rd quarter. FMR LLC now owns 1,285,561 shares of the specialty retailer’s stock worth $362,682,000 after purchasing an additional 336,985 shares during the period. Bank of New York Mellon Corp raised its position in shares of Ulta Beauty by 2.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 847,947 shares of the specialty retailer’s stock worth $239,223,000 after buying an additional 20,257 shares during the period. Wells Fargo & Company MN raised its position in shares of Ulta Beauty by 4.1% in the 2nd quarter. Wells Fargo & Company MN now owns 743,233 shares of the specialty retailer’s stock worth $173,515,000 after buying an additional 29,590 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Ulta Beauty by 4.6% in the 2nd quarter. Bank of America Corp DE now owns 580,901 shares of the specialty retailer’s stock worth $135,617,000 after buying an additional 25,473 shares during the period. 90.66% of the stock is currently owned by institutional investors.
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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