Ulta Beauty Inc. (ULTA) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Ulta Beauty Inc. (NASDAQ:ULTA) have earned an average recommendation of “Hold” from the twenty-six research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $272.61.

ULTA has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $301.00 price objective on the stock in a research note on Thursday, July 13th. BidaskClub lowered shares of Ulta Beauty from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $350.00 price objective on shares of Ulta Beauty in a research note on Friday, July 14th. Piper Jaffray Companies reissued an “overweight” rating and set a $330.00 price target on shares of Ulta Beauty in a research report on Friday, July 14th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating on shares of Ulta Beauty in a research report on Friday, July 14th.

In other news, Director Michael R. Macdonald bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average cost of $208.37 per share, with a total value of $416,740.00. Following the completion of the purchase, the director now directly owns 6,224 shares in the company, valued at $1,296,894.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Charles Heilbronn bought 127,889 shares of the firm’s stock in a transaction that occurred on Friday, October 13th. The stock was purchased at an average cost of $195.21 per share, for a total transaction of $24,965,211.69. The disclosure for this purchase can be found here. Insiders own 5.20% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of ULTA. Wells Fargo & Company MN increased its stake in shares of Ulta Beauty by 137.3% in the second quarter. Wells Fargo & Company MN now owns 1,053,780 shares of the specialty retailer’s stock worth $302,792,000 after buying an additional 609,671 shares during the period. Harbour Capital Advisors LLC increased its stake in shares of Ulta Beauty by 28,419.1% in the second quarter. Harbour Capital Advisors LLC now owns 571,807 shares of the specialty retailer’s stock worth $1,990,000 after buying an additional 569,802 shares during the period. Alecta Pensionsforsakring Omsesidigt purchased a new position in shares of Ulta Beauty in the third quarter worth $83,642,000. Old Mutual Global Investors UK Ltd. increased its stake in shares of Ulta Beauty by 173.8% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 527,993 shares of the specialty retailer’s stock worth $119,358,000 after buying an additional 335,148 shares during the period. Finally, Renaissance Technologies LLC increased its position in Ulta Beauty by 605.4% during the 2nd quarter. Renaissance Technologies LLC now owns 389,400 shares of the specialty retailer’s stock valued at $111,890,000 after purchasing an additional 334,198 shares during the period. 87.37% of the stock is currently owned by institutional investors.

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Shares of Ulta Beauty (NASDAQ:ULTA) traded up $1.11 during midday trading on Friday, reaching $202.90. 853,592 shares of the company traded hands, compared to its average volume of 1,626,955. The firm has a market capitalization of $12,464.27, a P/E ratio of 27.49, a price-to-earnings-growth ratio of 1.25 and a beta of 0.51.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.05. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. Ulta Beauty’s revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 earnings per share. equities analysts predict that Ulta Beauty will post 8.36 EPS for the current fiscal year.

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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