Ulta Beauty (ULTA) Upgraded at BidaskClub

BidaskClub upgraded shares of Ulta Beauty (NASDAQ:ULTA) from a hold rating to a buy rating in a research note issued to investors on Wednesday.

Other research analysts have also issued reports about the company. Telsey Advisory Group lifted their target price on Ulta Beauty from $290.00 to $330.00 and gave the company an outperform rating in a report on Monday, October 1st. Zacks Investment Research upgraded Ulta Beauty from a sell rating to a hold rating in a report on Tuesday, August 21st. ValuEngine upgraded Ulta Beauty from a sell rating to a hold rating in a report on Tuesday, August 28th. Stifel Nicolaus decreased their target price on Ulta Beauty from $250.00 to $245.00 and set a hold rating for the company in a report on Friday, August 24th. Finally, Loop Capital reiterated a hold rating and issued a $280.00 target price (up from $250.00) on shares of Ulta Beauty in a report on Thursday, September 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $280.40.

NASDAQ:ULTA traded up $3.63 during midday trading on Wednesday, reaching $308.12. The company had a trading volume of 1,551,954 shares, compared to its average volume of 954,248. The firm has a market cap of $17.36 billion, a PE ratio of 30.45, a price-to-earnings-growth ratio of 1.45 and a beta of 0.60. Ulta Beauty has a 12-month low of $191.70 and a 12-month high of $312.20.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 30th. The specialty retailer reported $2.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.41 by $0.05. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. Ulta Beauty had a return on equity of 33.29% and a net margin of 9.91%. Equities analysts anticipate that Ulta Beauty will post 10.85 earnings per share for the current fiscal year.

In other news, Director Dennis K. Eck sold 31,278 shares of Ulta Beauty stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $285.88, for a total transaction of $8,941,754.64. Following the sale, the director now owns 334,778 shares in the company, valued at $95,706,334.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Catherine Ann Halligan sold 129 shares of Ulta Beauty stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $281.50, for a total value of $36,313.50. Following the sale, the director now owns 3,628 shares in the company, valued at approximately $1,021,282. The disclosure for this sale can be found here. Insiders have sold a total of 68,407 shares of company stock valued at $19,580,698 over the last ninety days. 5.60% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of ULTA. IFM Investors Pty Ltd increased its position in shares of Ulta Beauty by 42.1% during the second quarter. IFM Investors Pty Ltd now owns 2,652 shares of the specialty retailer’s stock worth $619,000 after purchasing an additional 786 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Ulta Beauty by 17.6% during the second quarter. State of Alaska Department of Revenue now owns 17,457 shares of the specialty retailer’s stock worth $4,072,000 after purchasing an additional 2,610 shares in the last quarter. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Ulta Beauty during the second quarter worth about $3,198,000. Xact Kapitalforvaltning AB increased its position in shares of Ulta Beauty by 6.9% during the second quarter. Xact Kapitalforvaltning AB now owns 13,174 shares of the specialty retailer’s stock worth $3,076,000 after purchasing an additional 852 shares in the last quarter. Finally, Pennsylvania Trust Co acquired a new stake in shares of Ulta Beauty during the second quarter worth about $527,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.

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