Ulta Beauty, Inc. (NASDAQ:ULTA) has received a consensus recommendation of “Buy” from the twenty-nine research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and sixteen have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $260.89.
ULTA has been the topic of several research reports. The Goldman Sachs Group boosted their target price on Ulta Beauty from $257.00 to $272.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Oppenheimer increased their target price on shares of Ulta Beauty from $280.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, November 23rd. Telsey Advisory Group boosted their price target on shares of Ulta Beauty from $280.00 to $295.00 and gave the company an “outperform” rating in a research report on Friday, August 28th. Morgan Stanley upped their price target on shares of Ulta Beauty from $225.00 to $240.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Ulta Beauty from $260.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday.
In other news, Director Catherine Ann Halligan sold 250 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $230.00, for a total transaction of $57,500.00. Following the transaction, the director now directly owns 2,500 shares of the company’s stock, valued at approximately $575,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lorna Nagler sold 3,000 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $240.94, for a total value of $722,820.00. Following the completion of the transaction, the director now directly owns 9,963 shares in the company, valued at approximately $2,400,485.22. The disclosure for this sale can be found here. 4.70% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in ULTA. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Ulta Beauty by 6.6% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 9,277 shares of the specialty retailer’s stock worth $2,078,000 after acquiring an additional 575 shares in the last quarter. Eastern Bank lifted its stake in Ulta Beauty by 1.1% in the third quarter. Eastern Bank now owns 44,446 shares of the specialty retailer’s stock valued at $9,955,000 after buying an additional 499 shares during the last quarter. Lucia Wealth Services LLC bought a new stake in Ulta Beauty in the second quarter valued at $172,000. Koshinski Asset Management Inc. bought a new stake in Ulta Beauty in the second quarter valued at $218,000. Finally, DekaBank Deutsche Girozentrale lifted its stake in Ulta Beauty by 332.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 21,730 shares of the specialty retailer’s stock valued at $4,751,000 after buying an additional 16,700 shares during the last quarter. 85.99% of the stock is currently owned by institutional investors.
ULTA stock traded down $0.46 during trading on Friday, reaching $280.83. The stock had a trading volume of 5,991 shares, compared to its average volume of 1,160,906. The company has a quick ratio of 1.35, a current ratio of 2.64 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $15.84 billion, a price-to-earnings ratio of 57.52, a P/E/G ratio of 5.98 and a beta of 1.50. Ulta Beauty has a one year low of $124.05 and a one year high of $304.65. The company’s 50 day moving average is $241.59 and its two-hundred day moving average is $224.09.
Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 27th. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.63. Ulta Beauty had a return on equity of 18.00% and a net margin of 4.41%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the company posted $2.76 earnings per share. Ulta Beauty’s quarterly revenue was down 28.0% on a year-over-year basis. As a group, research analysts predict that Ulta Beauty will post 4.49 earnings per share for the current fiscal year.
About Ulta Beauty
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.
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