StockNews.com cut shares of Ulta Beauty (NASDAQ:ULTA – Get Rating) from a buy rating to a hold rating in a report published on Wednesday morning.
A number of other equities research analysts have also commented on the stock. Jefferies Financial Group upgraded shares of Ulta Beauty from a hold rating to a buy rating and raised their price objective for the stock from $400.00 to $475.00 in a report on Friday, May 27th. Cowen raised their price objective on shares of Ulta Beauty from $480.00 to $503.00 and gave the stock an outperform rating in a report on Friday, August 26th. Telsey Advisory Group raised their price objective on shares of Ulta Beauty from $475.00 to $510.00 and gave the stock an outperform rating in a report on Friday, August 26th. 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 report on Thursday, June 9th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Ulta Beauty from $460.00 to $480.00 in a report on Friday, May 27th. 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 MarketBeat, the company has an average rating of Moderate Buy and an average price target of $482.27.
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Ulta Beauty Stock Down 2.3 %
Shares of NASDAQ ULTA opened at $392.30 on Wednesday. The company's fifty day moving average is $407.36 and its 200-day moving average is $398.95. The stock has a market cap of $20.09 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of 1.58 and a beta of 1.39. Ulta Beauty has a twelve month low of $330.80 and a twelve month high of $451.30.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last announced its quarterly earnings results on Thursday, August 25th. The specialty retailer reported $5.70 earnings per share for the quarter, topping analysts' consensus estimates of $4.96 by $0.74. The company had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.20 billion. Ulta Beauty had a net
margin of 12.08% and a return on equity of 64.33%. The business's quarterly revenue was up 16.8% compared to the same quarter last year. During the same period last year, the firm posted $4.56 earnings per share. On average, research analysts anticipate that Ulta Beauty will post 21.36 EPS for the current fiscal year.
Insider Activity
In other news, insider Anita Jane Ryan sold 594 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 2,482 shares of the company's stock, valued at $1,093,395.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Catherine Ann Halligan sold 276 shares of Ulta Beauty stock in a transaction that occurred 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 completion of the sale, the director now directly owns 2,168 shares of the company's stock, valued at approximately $966,624.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Anita Jane Ryan sold 594 shares of Ulta Beauty stock in a transaction that occurred 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 directly owns 2,482 shares of the company's stock, 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 Trading of Ulta Beauty
Several hedge funds have recently added to or reduced their stakes in ULTA. Private Capital Group LLC lifted its holdings in Ulta Beauty by 265.0% during the 2nd quarter. Private Capital Group LLC now owns 73 shares of the specialty retailer's stock worth $28,000 after purchasing an additional 53 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in Ulta Beauty by 59.1% during the 1st quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer's stock worth $28,000 after purchasing an additional 26 shares during the last quarter. Bank of New Hampshire acquired a new stake in Ulta Beauty during the 1st quarter worth approximately $29,000. CoreCap Advisors LLC acquired a new stake in Ulta Beauty during the 2nd quarter worth approximately $33,000. Finally, Private Trust Co. NA bought a new position in Ulta Beauty during the 2nd quarter worth $35,000. 89.20% of the stock is owned by institutional investors and hedge funds.
About Ulta Beauty
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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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