Ulta Beauty (ULTA) PT Lowered to $328.00 at Wells Fargo & Co

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Ulta Beauty (NASDAQ:ULTA) had its target price cut by Wells Fargo & Co from $336.00 to $328.00 in a research report released on Friday morning. They currently have an outperform rating on the specialty retailer’s stock.

ULTA has been the topic of a number of other research reports. OTR Global upgraded Ulta Beauty to a positive rating in a report on Thursday, November 29th. Jefferies Financial Group set a $335.00 target price on Ulta Beauty and gave the company a buy rating in a report on Friday, November 9th. UBS Group dropped their target price on Ulta Beauty from $290.00 to $285.00 and set a buy rating on the stock in a report on Friday, August 31st. Deutsche Bank set a $300.00 target price on Ulta Beauty and gave the company a hold rating in a report on Friday, November 9th. Finally, Zacks Investment Research reiterated a buy rating and issued a $316.00 target price on shares of Ulta Beauty in a report on Saturday, November 17th. Eight investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Ulta Beauty has an average rating of Buy and an average price target of $286.96.

NASDAQ ULTA traded down $38.45 on Friday, hitting $254.47. 4,225,348 shares of the company were exchanged, compared to its average volume of 1,026,716. The company has a market cap of $17.51 billion, a PE ratio of 31.19, a PEG ratio of 1.47 and a beta of 0.63. Ulta Beauty has a twelve month low of $191.70 and a twelve month high of $322.49.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, December 6th. The specialty retailer reported $2.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.02. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.56 billion. Ulta Beauty had a return on equity of 33.96% and a net margin of 9.99%. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.69 EPS. On average, research analysts forecast that Ulta Beauty will post 10.84 earnings per share for the current fiscal year.

In related news, Director Dennis K. Eck sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $287.15, for a total value of $10,050,250.00. Following the completion of the sale, the director now owns 361,294 shares of the company’s stock, valued at approximately $103,745,572.10. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Catherine Ann Halligan sold 129 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $281.50, for a total value of $36,313.50. Following the completion of the sale, the director now directly owns 3,628 shares of the company’s stock, valued at approximately $1,021,282. The disclosure for this sale can be found here. In the last three months, insiders sold 66,407 shares of company stock valued at $19,028,318. 5.60% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. boosted its position in Ulta Beauty by 204.1% during the third quarter. Marshall Wace North America L.P. now owns 50,958 shares of the specialty retailer’s stock worth $14,376,000 after purchasing an additional 34,202 shares during the period. Marshall Wace LLP bought a new stake in Ulta Beauty during the third quarter worth approximately $44,356,000. Great Lakes Advisors LLC bought a new stake in Ulta Beauty during the third quarter worth approximately $328,000. Legal & General Group Plc boosted its position in Ulta Beauty by 2.0% during the third quarter. Legal & General Group Plc now owns 272,537 shares of the specialty retailer’s stock worth $76,900,000 after purchasing an additional 5,295 shares during the period. Finally, Standard Life Aberdeen plc boosted its position in Ulta Beauty by 73.9% during the third quarter. Standard Life Aberdeen plc now owns 23,692 shares of the specialty retailer’s stock worth $6,685,000 after purchasing an additional 10,071 shares during the period. 89.10% of the stock is owned by institutional investors and hedge funds.

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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