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.
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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