Ulta Beauty Inc. (ULTA) Receives “Hold” Rating from BMO Capital Markets

Ulta Beauty Inc. (NASDAQ:ULTA)‘s stock had its “hold” rating reaffirmed by research analysts at BMO Capital Markets in a research report issued on Thursday. They presently have a $235.00 price target on the specialty retailer’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 16.46% from the company’s previous close.

Other equities analysts have also issued reports about the company. Goldman Sachs Group, Inc. (The) raised 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. Zacks Investment Research raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $301.00 target price on the stock in a research report on Thursday, July 13th. Jefferies Group LLC reaffirmed a “buy” rating and set a $350.00 target price on shares of Ulta Beauty in a research report on Friday, July 14th. Cowen and Company set a $336.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, July 31st. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $330.00 target price on shares of Ulta Beauty in a research report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $274.11.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the firm earned $1.43 earnings per share. Ulta Beauty’s revenue for the quarter was up 20.7% on a year-over-year basis.

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In other news, Director Charles Heilbronn purchased 127,889 shares of the business’s stock in a transaction dated Friday, October 13th. The stock was bought at an average price of $195.21 per share, for a total transaction of $24,965,211.69. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael R. Macdonald purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were purchased at an average price of $208.37 per share, with a total value of $416,740.00. Following the purchase, the director now directly owns 6,224 shares in the company, valued at approximately $1,296,894.88. The disclosure for this purchase can be found here. 5.20% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of ULTA. Sun Life Financial INC grew its stake in shares of Ulta Beauty by 4,655.6% during the 2nd quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock worth $123,000 after acquiring an additional 419 shares during the period. Lazard Asset Management LLC bought a new position in shares of Ulta Beauty during the 2nd quarter worth $157,000. QS Investors LLC grew its stake in shares of Ulta Beauty by 0.8% during the 2nd quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after acquiring an additional 6 shares during the period. Copper Rock Capital Partners LLC grew its stake in shares of Ulta Beauty by 316.8% during the 2nd quarter. Copper Rock Capital Partners LLC now owns 842 shares of the specialty retailer’s stock worth $215,000 after acquiring an additional 640 shares during the period. Finally, Cypress Capital Group bought a new position in shares of Ulta Beauty during the 2nd quarter worth $218,000. Institutional investors own 87.37% of the company’s stock.

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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