Ulta Beauty (NASDAQ:ULTA) Earns Coverage Optimism Score of 0.25

Media stories about Ulta Beauty (NASDAQ:ULTA) have been trending positive on Tuesday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Ulta Beauty earned a daily sentiment score of 0.25 on Accern’s scale. Accern also assigned news articles about the specialty retailer an impact score of 46.1778117092658 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media stories that may have impacted Accern Sentiment’s analysis:

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ULTA stock traded up $5.66 on Tuesday, reaching $233.59. The company had a trading volume of 1,237,493 shares, compared to its average volume of 1,296,125. Ulta Beauty has a 1 year low of $187.96 and a 1 year high of $314.86. The firm has a market cap of $13,387.83, a P/E ratio of 28.63, a PEG ratio of 1.14 and a beta of 0.67.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, March 15th. The specialty retailer reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.02). Ulta Beauty had a net margin of 9.44% and a return on equity of 30.40%. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the company posted $2.24 EPS. Ulta Beauty’s quarterly revenue was up 22.6% compared to the same quarter last year. analysts anticipate that Ulta Beauty will post 10.74 EPS for the current year.

Ulta Beauty declared that its Board of Directors has authorized a share repurchase program on Thursday, March 15th that allows the company to buyback $625.00 million in outstanding shares. This buyback authorization allows the specialty retailer to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Several brokerages recently issued reports on ULTA. Piper Jaffray upgraded Ulta Beauty from a “neutral” rating to a “buy” rating and boosted their price target for the company from $212.00 to $236.00 in a research report on Tuesday, April 10th. KeyCorp set a $270.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research report on Friday, March 16th. Vetr upgraded Ulta Beauty from a “buy” rating to a “strong-buy” rating and set a $237.11 target price on the stock in a research report on Monday, April 9th. Loop Capital set a $250.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research report on Friday, March 16th. Finally, Buckingham Research set a $270.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, March 19th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Ulta Beauty presently has an average rating of “Buy” and a consensus price target of $252.44.

In other Ulta Beauty news, Director Dennis K. Eck sold 22,000 shares of the stock in a transaction on Tuesday, April 10th. The stock was sold at an average price of $216.82, for a total transaction of $4,770,040.00. Following the transaction, the director now owns 427,333 shares of the company’s stock, valued at approximately $92,654,341.06. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mary N. Dillon sold 16,286 shares of the stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $206.99, for a total value of $3,371,039.14. Following the transaction, the chief executive officer now directly owns 100,984 shares in the company, valued at approximately $20,902,678.16. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

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Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores provide cosmetics, fragrance, skincare, haircare, bath and body products, and salon styling tools, as well as others, including nail products and accessories. It offers private label products consisting of Ulta Beauty Collection branded cosmetics, skincare, and bath products.

Insider Buying and Selling by Quarter for Ulta Beauty (NASDAQ:ULTA)

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