Ulta Beauty Inc. (NASDAQ:ULTA)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Group LLC in a note issued to investors on Friday, July 14th. They presently have a $350.00 target price on the specialty retailer’s stock. Jefferies Group LLC’s price target indicates a potential upside of 39.89% from the company’s previous close.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $329.00 price objective for the company in a research note on Monday, May 22nd. Instinet lifted their target price on shares of Ulta Beauty from $297.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday, March 20th. Loop Capital upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and lifted their target price for the stock from $285.00 to $350.00 in a research report on Monday, April 10th. Piper Jaffray Companies set a $333.00 price target on shares of Ulta Beauty and gave the stock a “buy” rating in a report on Saturday, May 27th. Finally, BMO Capital Markets set a $345.00 price target on shares of Ulta Beauty and gave the stock a “buy” rating in a report on Saturday, May 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $322.21.
Shares of Ulta Beauty (NASDAQ ULTA) traded down 0.43% during midday trading on Friday, reaching $250.20. The company’s stock had a trading volume of 460,920 shares. Ulta Beauty has a 12 month low of $225.13 and a 12 month high of $314.86. The company’s 50-day moving average price is $272.51 and its 200-day moving average price is $280.75. The company has a market cap of $15.52 billion, a PE ratio of 35.14 and a beta of 0.57.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, May 25th. The specialty retailer reported $1.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.79 by $0.12. Ulta Beauty had a net margin of 8.75% and a return on equity of 28.91%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the business earned $1.45 earnings per share. The business’s revenue for the quarter was up 22.4% compared to the same quarter last year. On average, equities analysts anticipate that Ulta Beauty will post $8.32 EPS for the current fiscal year.
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In other Ulta Beauty news, Director Robert F. Diromualdo sold 20,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $309.05, for a total transaction of $6,181,000.00. Following the completion of the sale, the director now directly owns 4,717 shares of the company’s stock, valued at $1,457,788.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Catherine Ann Halligan sold 500 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $312.36, for a total transaction of $156,180.00. Following the completion of the sale, the director now directly owns 4,126 shares of the company’s stock, valued at $1,288,797.36. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of ULTA. Vanguard Group Inc. increased its position in Ulta Beauty by 3.0% in the first quarter. Vanguard Group Inc. now owns 5,564,432 shares of the specialty retailer’s stock worth $1,587,143,000 after buying an additional 163,839 shares in the last quarter. BlackRock Inc. increased its position in Ulta Beauty by 2,734.8% in the first quarter. BlackRock Inc. now owns 4,007,950 shares of the specialty retailer’s stock worth $1,143,188,000 after buying an additional 3,866,567 shares in the last quarter. Jennison Associates LLC increased its position in Ulta Beauty by 9.1% in the second quarter. Jennison Associates LLC now owns 2,468,332 shares of the specialty retailer’s stock worth $709,251,000 after buying an additional 205,289 shares in the last quarter. Bank of New York Mellon Corp increased its position in Ulta Beauty by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 1,567,313 shares of the specialty retailer’s stock worth $447,047,000 after buying an additional 17,380 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Ulta Beauty by 51.2% in the first quarter. Ameriprise Financial Inc. now owns 935,601 shares of the specialty retailer’s stock worth $266,862,000 after buying an additional 316,898 shares in the last quarter. 85.55% of the stock is owned by institutional investors and hedge funds.
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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