Ulta Beauty (ULTA) Lowered to Hold at ValuEngine

ValuEngine lowered shares of Ulta Beauty (NASDAQ:ULTA) from a buy rating to a hold rating in a research report sent to investors on Friday.

Other analysts have also recently issued reports about the company. Telsey Advisory Group increased their target price on Ulta Beauty from $290.00 to $330.00 and gave the stock an outperform rating in a research note on Monday, October 1st. Zacks Investment Research raised Ulta Beauty from a sell rating to a hold rating in a research note on Tuesday, August 21st. Stifel Nicolaus lowered their target price on Ulta Beauty from $250.00 to $245.00 and set a hold rating for the company in a research note on Friday, August 24th. BMO Capital Markets set a $280.00 target price on Ulta Beauty and gave the stock a hold rating in a research note on Friday. Finally, Wells Fargo & Co lowered their target price on Ulta Beauty from $336.00 to $328.00 and set an outperform rating for the company in a research note on Friday. Eight investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $286.96.

NASDAQ ULTA traded down $38.45 during trading hours on Friday, reaching $254.47. 4,225,348 shares of the company’s stock were exchanged, compared to its average volume of 1,026,716. Ulta Beauty has a one year low of $191.70 and a one year high of $322.49. The stock has a market cap of $17.51 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 1.47 and a beta of 0.63.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, December 6th. The specialty retailer reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.02. Ulta Beauty had a return on equity of 33.96% and a net margin of 9.99%. The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the prior year, the business earned $1.69 EPS. Ulta Beauty’s revenue for the quarter was up 16.2% compared to the same quarter last year. Analysts anticipate that Ulta Beauty will post 10.84 EPS for the current fiscal year.

In related news, Director Dennis K. Eck sold 35,000 shares of the firm’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $287.15, for a total value of $10,050,250.00. Following the completion of the transaction, the director now directly owns 361,294 shares of the company’s stock, valued at $103,745,572.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Catherine Ann Halligan sold 129 shares of the firm’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $281.50, for a total transaction of $36,313.50. Following the completion of the transaction, the director now directly owns 3,628 shares of the company’s stock, valued at $1,021,282. The disclosure for this sale can be found here. Insiders have sold a total of 66,407 shares of company stock valued at $19,028,318 over the last ninety days. Company insiders own 5.60% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. grew its stake in shares of Ulta Beauty by 204.1% in the third quarter. Marshall Wace North America L.P. now owns 50,958 shares of the specialty retailer’s stock valued at $14,376,000 after buying an additional 34,202 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Ulta Beauty in the third quarter valued at $44,356,000. Great Lakes Advisors LLC bought a new position in shares of Ulta Beauty in the third quarter valued at $328,000. Legal & General Group Plc grew its stake in shares of Ulta Beauty by 2.0% in the third quarter. Legal & General Group Plc now owns 272,537 shares of the specialty retailer’s stock valued at $76,900,000 after buying an additional 5,295 shares in the last quarter. Finally, Standard Life Aberdeen plc grew its stake in shares of Ulta Beauty by 73.9% in the third quarter. Standard Life Aberdeen plc now owns 23,692 shares of the specialty retailer’s stock valued at $6,685,000 after buying an additional 10,071 shares in the last quarter. 89.10% of the stock is owned by institutional investors and hedge funds.

About Ulta Beauty

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.

Featured Story: How do candlesticks reflect price movement?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit