Piper Jaffray Companies restated their overweight rating on shares of Ulta Beauty Inc. (NASDAQ:ULTA) in a research report report published on Friday, July 14th. The firm currently has a $330.00 target price on the specialty retailer’s stock.
Several other equities analysts have also commented on ULTA. Zacks Investment Research upgraded shares of Ulta Beauty from a hold rating to a buy rating and set a $336.00 price target on the stock in a research note on Wednesday, May 10th. Jefferies Group LLC set a $266.00 price target on shares of Ulta Beauty and gave the company a hold rating in a research note on Wednesday, May 31st. BidaskClub lowered shares of Ulta Beauty from a buy rating to a hold rating in a research note on Tuesday, June 20th. Instinet increased their price target on shares of Ulta Beauty from $297.00 to $320.00 and gave the company a buy rating in a research note on Monday, March 20th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Ulta Beauty from a neutral rating to a buy rating and set a $310.00 target price on the stock in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $319.05.
Ulta Beauty (ULTA) opened at 251.05 on Friday. The stock has a 50 day moving average of $262.09 and a 200 day moving average of $279.55. The company has a market cap of $15.57 billion, a P/E ratio of 35.25 and a beta of 0.57. Ulta Beauty has a 52 week low of $225.13 and a 52 week high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, May 25th. The specialty retailer reported $1.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.79 by $0.12. Ulta Beauty had a net margin of 8.75% and a return on equity of 28.91%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the firm earned $1.45 earnings per share. The business’s quarterly revenue was up 22.4% compared to the same quarter last year. On average, analysts expect that Ulta Beauty will post $8.32 earnings per share for the current year.
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In other Ulta Beauty news, Director Catherine Ann Halligan sold 500 shares of Ulta Beauty stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $312.36, for a total value of $156,180.00. Following the completion of the sale, the director now owns 4,126 shares in the company, valued at approximately $1,288,797.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert F. Diromualdo sold 20,000 shares of Ulta Beauty stock in a transaction dated 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 completion of the sale, the director now owns 4,717 shares of the company’s stock, valued at approximately $1,457,788.85. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Rathbone Brothers plc raised its position in Ulta Beauty by 2.3% in the first quarter. Rathbone Brothers plc now owns 108,721 shares of the specialty retailer’s stock valued at $31,010,000 after buying an additional 2,464 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its position in Ulta Beauty by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 51,405 shares of the specialty retailer’s stock valued at $14,662,000 after buying an additional 1,615 shares in the last quarter. Atalanta Sosnoff Capital LLC raised its position in Ulta Beauty by 226.8% in the first quarter. Atalanta Sosnoff Capital LLC now owns 115,334 shares of the specialty retailer’s stock valued at $32,897,000 after buying an additional 80,043 shares in the last quarter. Liberty Capital Management Inc. raised its position in Ulta Beauty by 11.0% in the first quarter. Liberty Capital Management Inc. now owns 8,117 shares of the specialty retailer’s stock valued at $2,315,000 after buying an additional 806 shares in the last quarter. Finally, Pensionfund DSM Netherlands purchased a new position in Ulta Beauty during the first quarter valued at $3,252,000. Institutional investors own 85.63% of the company’s stock.
Ulta Beauty Company Profile
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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