Ulta Beauty (NASDAQ:ULTA) Stock Rating Lowered by BidaskClub

BidaskClub lowered shares of Ulta Beauty (NASDAQ:ULTA) from a hold rating to a sell rating in a research report sent to investors on Saturday morning, BidAskClub reports.

A number of other analysts have also issued reports on the company. UBS Group reduced their target price on Ulta Beauty from $365.00 to $300.00 and set a buy rating for the company in a report on Friday, August 30th. JPMorgan Chase & Co. lowered Ulta Beauty to a buy rating and reduced their target price for the company from $395.00 to $317.00 in a report on Friday, August 30th. Oppenheimer reduced their target price on Ulta Beauty from $390.00 to $310.00 and set an outperform rating for the company in a report on Friday, August 30th. Credit Suisse Group reduced their target price on Ulta Beauty from $380.00 to $286.00 and set an outperform rating for the company in a report on Friday, August 30th. Finally, Citigroup lowered Ulta Beauty from a buy rating to a neutral rating and reduced their target price for the company from $390.00 to $300.00 in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. Ulta Beauty has a consensus rating of Hold and an average target price of $303.10.

ULTA opened at $233.85 on Friday. The stock has a fifty day moving average of $297.52 and a 200-day moving average of $331.43. The firm has a market capitalization of $13.35 billion, a P/E ratio of 21.55, a PEG ratio of 1.10 and a beta of 1.08. Ulta Beauty has a 12-month low of $224.43 and a 12-month high of $368.83. The company has a quick ratio of 0.57, a current ratio of 1.80 and a debt-to-equity ratio of 0.92.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 29th. The specialty retailer reported $2.76 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.79 by ($0.03). The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Ulta Beauty had a net margin of 9.86% and a return on equity of 37.04%. Ulta Beauty’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.46 EPS. On average, analysts expect that Ulta Beauty will post 11.81 earnings per share for the current fiscal year.

In related news, Director Sally E. Blount sold 315 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $359.28, for a total transaction of $113,173.20. Following the completion of the sale, the director now directly owns 989 shares in the company, valued at $355,327.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 4.20% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the stock. Legacy Advisors LLC purchased a new stake in shares of Ulta Beauty during the second quarter worth $26,000. Commonwealth Bank of Australia increased its position in Ulta Beauty by 79.2% during the second quarter. Commonwealth Bank of Australia now owns 86 shares of the specialty retailer’s stock worth $28,000 after buying an additional 38 shares during the last quarter. Next Capital Management LLC increased its position in Ulta Beauty by 206.7% during the second quarter. Next Capital Management LLC now owns 92 shares of the specialty retailer’s stock worth $32,000 after buying an additional 62 shares during the last quarter. NEXT Financial Group Inc increased its position in Ulta Beauty by 42.0% during the second quarter. NEXT Financial Group Inc now owns 98 shares of the specialty retailer’s stock worth $34,000 after buying an additional 29 shares during the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new position in Ulta Beauty during the second quarter worth $34,000. Institutional investors and hedge funds own 87.80% of the company’s stock.

About Ulta Beauty

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

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Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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