Piper Jaffray Companies restated their overweight rating on shares of Ulta Beauty Inc. (NASDAQ:ULTA) in a research note published on Friday morning. The brokerage currently has a $330.00 price objective on the specialty retailer’s stock.
Several other research firms have also weighed in on ULTA. Stifel Nicolaus reaffirmed a hold rating and set a $325.00 price objective (up previously from $305.00) on shares of Ulta Beauty in a report on Tuesday, June 6th. Jefferies Group LLC raised shares of Ulta Beauty from a hold rating to a buy rating and raised their price objective for the stock from $266.00 to $350.00 in a report on Friday, June 2nd. Zacks Investment Research lowered shares of Ulta Beauty from a buy rating to a hold rating in a report on Thursday, June 1st. Morgan Stanley raised their price objective on shares of Ulta Beauty from $300.00 to $313.00 and gave the stock an equal weight rating in a report on Wednesday, May 31st. Finally, Guggenheim began coverage on shares of Ulta Beauty in a report on Tuesday, June 13th. They issued a neutral rating for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Ulta Beauty presently has a consensus rating of Buy and a consensus price target of $322.21.
Shares of Ulta Beauty (ULTA) traded down 2.98% during trading on Friday, reaching $253.94. The company had a trading volume of 1,671,434 shares. The company has a market cap of $15.75 billion, a P/E ratio of 35.66 and a beta of 0.59. The firm has a 50-day moving average of $297.02 and a 200-day moving average of $280.25. Ulta Beauty has a 12-month low of $225.13 and a 12-month high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, May 25th. The specialty retailer reported $1.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.79 by $0.12. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. Ulta Beauty had a net margin of 8.75% and a return on equity of 28.91%. The company’s revenue was up 22.4% on a year-over-year basis. During the same quarter last year, the business posted $1.45 earnings per share. On average, equities research analysts anticipate that Ulta Beauty will post $8.32 EPS for the current year.
In related news, Director Robert F. Diromualdo sold 20,000 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $309.05, for a total value of $6,181,000.00. Following the sale, the director now directly owns 4,717 shares of the company’s stock, valued at approximately $1,457,788.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Catherine Ann Halligan sold 500 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $312.36, for a total transaction of $156,180.00. Following the completion of the sale, the director now directly owns 4,126 shares in the company, valued at $1,288,797.36. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake 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 valued at $1,143,188,000 after buying an additional 3,866,567 shares in the last quarter. Wellington Management Group LLP boosted its stake 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 valued at $128,253,000 after buying an additional 425,812 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Ulta Beauty by 51.2% in the first quarter. Ameriprise Financial Inc. now owns 935,601 shares of the specialty retailer’s stock valued at $266,862,000 after buying an additional 316,898 shares during the period. Vanguard Group Inc. boosted its stake in shares of Ulta Beauty by 3.0% in the first quarter. Vanguard Group Inc. now owns 5,564,432 shares of the specialty retailer’s stock valued at $1,587,143,000 after buying an additional 163,839 shares during the period. Finally, FMR LLC boosted its stake in shares of Ulta Beauty by 17.4% in the first quarter. FMR LLC now owns 910,337 shares of the specialty retailer’s stock valued at $259,656,000 after buying an additional 135,211 shares during the period. 85.37% of the stock is currently owned by institutional investors and hedge funds.
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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