Ulta Beauty (ULTA) Upgraded at BidaskClub

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BidaskClub upgraded shares of Ulta Beauty (NASDAQ:ULTA) from a hold rating to a buy rating in a research report sent to investors on Wednesday.

Several other equities research analysts have also commented on ULTA. ValuEngine raised Ulta Beauty from a strong sell rating to a sell rating in a research note on Tuesday, July 10th. Zacks Investment Research raised Ulta Beauty from a hold rating to a buy rating and set a $286.00 price target on the stock in a research note on Tuesday, July 17th. Jefferies Financial Group set a $285.00 price target on Ulta Beauty and gave the stock a buy rating in a research note on Monday, July 30th. Wells Fargo & Co set a $278.00 price target on Ulta Beauty and gave the stock a buy rating in a research note on Monday, August 20th. Finally, OTR Global lowered Ulta Beauty to a positive rating in a research note on Wednesday, August 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $280.40.

NASDAQ ULTA traded up $3.63 on Wednesday, hitting $308.12. 1,551,954 shares of the company’s stock were exchanged, compared to its average volume of 954,248. Ulta Beauty has a fifty-two week low of $191.70 and a fifty-two week high of $312.20. The stock has a market capitalization of $17.36 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 1.45 and a beta of 0.60.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 30th. The specialty retailer reported $2.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.41 by $0.05. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. Ulta Beauty had a return on equity of 33.29% and a net margin of 9.91%. As a group, research analysts predict that Ulta Beauty will post 10.85 earnings per share for the current year.

In related news, Director Catherine Ann Halligan sold 129 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $281.50, for a total value of $36,313.50. Following the sale, the director now owns 3,628 shares of the company’s stock, valued at approximately $1,021,282. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Dennis K. Eck sold 31,278 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $285.88, for a total value of $8,941,754.64. Following the completion of the sale, the director now directly owns 334,778 shares in the company, valued at approximately $95,706,334.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 68,407 shares of company stock worth $19,580,698. 5.60% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Rational Advisors LLC lifted its stake in Ulta Beauty by 539.7% in the 3rd quarter. Rational Advisors LLC now owns 371 shares of the specialty retailer’s stock valued at $105,000 after buying an additional 313 shares in the last quarter. Huntington National Bank lifted its stake in shares of Ulta Beauty by 120.0% during the 2nd quarter. Huntington National Bank now owns 440 shares of the specialty retailer’s stock worth $103,000 after purchasing an additional 240 shares during the period. Stratos Wealth Partners LTD. purchased a new position in shares of Ulta Beauty during the 3rd quarter worth $151,000. Piedmont Investment Advisors LLC purchased a new position in shares of Ulta Beauty during the 2nd quarter worth $151,000. Finally, Dupont Capital Management Corp purchased a new position in shares of Ulta Beauty during the 2nd quarter worth $162,000. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Company Profile

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