StockNews.com downgraded shares of Ulta Beauty (NASDAQ:ULTA – Get Rating) from a buy rating to a hold rating in a report issued on Wednesday morning.
Other analysts also recently issued research reports about the stock. DA Davidson raised their price objective on shares of Ulta Beauty from $465.00 to $490.00 and gave the stock a buy rating in a research report on Thursday, June 9th. Stifel Nicolaus raised their price objective on shares of Ulta Beauty from $435.00 to $450.00 and gave the stock a hold rating in a research report on Friday, August 26th. UBS Group raised their price objective on shares of Ulta Beauty from $500.00 to $530.00 and gave the stock a buy rating in a research report on Friday, August 26th. JPMorgan Chase & Co. raised their price objective on shares of Ulta Beauty from $460.00 to $480.00 in a research report on Friday, May 27th. Finally, The Goldman Sachs Group raised their price objective on shares of Ulta Beauty from $427.00 to $491.00 and gave the stock a buy rating in a research report on Friday, August 26th. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Ulta Beauty currently has an average rating of Moderate Buy and an average target price of $482.27.
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Ulta Beauty Stock Performance
Ulta Beauty stock opened at $392.30 on Wednesday. Ulta Beauty has a 52-week low of $330.80 and a 52-week high of $451.30. The firm has a 50 day moving average price of $407.36 and a two-hundred day moving average price of $398.95. The firm has a market cap of $20.09 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 1.58 and a beta of 1.39.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last released its quarterly earnings results on Thursday, August 25th. The specialty retailer reported $5.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.96 by $0.74. Ulta Beauty had a net
margin of 12.08% and a return on equity of 64.33%. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same quarter last year, the business earned $4.56 EPS. The company's revenue was up 16.8% compared to the same quarter last year. As a group, equities research analysts predict that Ulta Beauty will post 21.36 EPS for the current fiscal year.
Insiders Place Their Bets
In other Ulta Beauty news, insider Anita Jane Ryan sold 594 shares of Ulta Beauty stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $440.53, for a total transaction of $261,674.82. Following the transaction, the insider now directly owns 2,482 shares of the company's stock, valued at approximately $1,093,395.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Catherine Ann Halligan sold 276 shares of Ulta Beauty stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $445.86, for a total transaction of $123,057.36. Following the sale, the director now directly owns 2,168 shares in the company, valued at approximately $966,624.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anita Jane Ryan sold 594 shares of Ulta Beauty stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $440.53, for a total value of $261,674.82. Following the sale, the insider now owns 2,482 shares in the company, valued at $1,093,395.46. The disclosure for this sale can be found here. Insiders own 2.00% of the company's stock.
Institutional Investors Weigh In On Ulta Beauty
A number of hedge funds have recently made changes to their positions in ULTA. Allianz Asset Management GmbH raised its stake in shares of Ulta Beauty by 231.0% during the 4th quarter. Allianz Asset Management GmbH now owns 7,453 shares of the specialty retailer's stock worth $3,073,000 after purchasing an additional 5,201 shares during the period. American International Group Inc. raised its stake in Ulta Beauty by 5.6% in the 4th quarter. American International Group Inc. now owns 17,900 shares of the specialty retailer's stock valued at $7,381,000 after acquiring an additional 942 shares during the period. Invesco Ltd. raised its stake in Ulta Beauty by 2.3% in the 4th quarter. Invesco Ltd. now owns 354,538 shares of the specialty retailer's stock valued at $146,192,000 after acquiring an additional 8,045 shares during the period. Schroder Investment Management Group raised its stake in Ulta Beauty by 8.8% in the 4th quarter. Schroder Investment Management Group now owns 1,440 shares of the specialty retailer's stock valued at $594,000 after acquiring an additional 117 shares during the period. Finally, Rockefeller Capital Management L.P. raised its stake in Ulta Beauty by 30.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,146 shares of the specialty retailer's stock valued at $884,000 after acquiring an additional 506 shares during the period. 89.20% of the stock is currently owned by institutional investors.
Ulta Beauty Company Profile
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Ulta Beauty, Inc operates as a retailer of beauty products 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 nail services.
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