Ulta Beauty (ULTA) Rating Lowered to Sell at BidaskClub

BidaskClub cut shares of Ulta Beauty (NASDAQ:ULTA) from a hold rating to a sell rating in a report published on Saturday morning.

Several other brokerages also recently commented on ULTA. Buckingham Research reiterated a buy rating on shares of Ulta Beauty in a research note on Tuesday, January 23rd. Cowen set a $336.00 target price on Ulta Beauty and gave the stock a buy rating in a research note on Friday, October 20th. Loop Capital set a $300.00 target price on Ulta Beauty and gave the stock a buy rating in a research note on Sunday, December 3rd. Wells Fargo & Co set a $297.00 target price on Ulta Beauty and gave the stock a buy rating in a research note on Thursday, January 11th. Finally, Vetr upgraded Ulta Beauty from a buy rating to a strong-buy rating and set a $254.50 target price for the company in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $262.91.

Ulta Beauty (ULTA) opened at $203.15 on Friday. The firm has a market capitalization of $12,390.00, a P/E ratio of 25.98, a price-to-earnings-growth ratio of 0.99 and a beta of 0.54. Ulta Beauty has a 1 year low of $187.96 and a 1 year high of $314.86.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $1.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.03. Ulta Beauty had a return on equity of 29.64% and a net margin of 8.82%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. equities research analysts predict that Ulta Beauty will post 8.35 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank boosted its stake in Ulta Beauty by 37.0% in the 3rd quarter. Comerica Bank now owns 39,592 shares of the specialty retailer’s stock valued at $7,986,000 after purchasing an additional 10,690 shares during the period. First Manhattan Co. bought a new stake in shares of Ulta Beauty during the 4th quarter valued at $62,331,000. Parametric Portfolio Associates LLC lifted its position in shares of Ulta Beauty by 31.3% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 198,278 shares of the specialty retailer’s stock valued at $44,823,000 after acquiring an additional 47,253 shares during the period. First American Trust FSB bought a new stake in shares of Ulta Beauty during the 4th quarter valued at $2,869,000. Finally, Alps Advisors Inc. lifted its position in shares of Ulta Beauty by 34.8% during the 3rd quarter. Alps Advisors Inc. now owns 2,613 shares of the specialty retailer’s stock valued at $591,000 after acquiring an additional 674 shares during the period. Institutional investors and hedge funds own 86.68% of the company’s stock.

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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.

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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