Ulta Beauty Inc. (NASDAQ:ULTA) – Research analysts at Jefferies Group dropped their Q1 2019 EPS estimates for shares of Ulta Beauty in a report issued on Tuesday. Jefferies Group analyst S. Wissink now expects that the specialty retailer will post earnings per share of $2.31 for the quarter, down from their prior estimate of $2.37. Jefferies Group currently has a “Positive” rating and a $221.64 target price on the stock. Jefferies Group also issued estimates for Ulta Beauty’s Q2 2019 earnings at $2.25 EPS, Q3 2019 earnings at $2.07 EPS and Q4 2019 earnings at $3.15 EPS.
A number of other analysts have also weighed in on the stock. Cleveland Research lowered shares of Ulta Beauty from a “buy” rating to a “neutral” rating and upped their price target for the stock from $189.50 to $314.00 in a research note on Thursday, October 12th. Goldman Sachs Group lowered shares of Ulta Beauty from a “conviction-buy” rating to a “buy” rating and cut their target price for the company from $290.00 to $267.00 in a research note on Monday, October 16th. Cowen set a $336.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Friday, October 20th. Robert W. Baird set a $265.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Monday, October 23rd. Finally, Zacks Investment Research raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $257.39.
A number of large investors have recently bought and sold shares of ULTA. Sun Life Financial INC boosted its holdings in Ulta Beauty by 4,655.6% in the 2nd quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock valued at $123,000 after purchasing an additional 419 shares during the period. Lazard Asset Management LLC bought a new stake in Ulta Beauty in the 2nd quarter valued at $157,000. QS Investors LLC boosted its holdings in Ulta Beauty by 0.8% in the 2nd quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock valued at $210,000 after purchasing an additional 6 shares during the period. Cypress Capital Group bought a new stake in Ulta Beauty in the 2nd quarter valued at $218,000. Finally, QCM Cayman Ltd. bought a new stake in Ulta Beauty in the 2nd quarter valued at $248,000. Institutional investors and hedge funds own 88.45% of the company’s stock.
In other Ulta Beauty news, Director Charles Heilbronn purchased 127,889 shares of the company’s stock in a transaction dated Friday, October 13th. The shares were bought at an average price of $195.21 per share, for a total transaction of $24,965,211.69. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.20% of the company’s stock.
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About Ulta Beauty
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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