Ulta Beauty (ULTA) Stock Rating Lowered by ValuEngine

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ValuEngine cut shares of Ulta Beauty (NASDAQ:ULTA) from a buy rating to a hold rating in a report published on Friday morning.

Other equities research analysts also recently issued research reports about the company. Telsey Advisory Group lifted their target price on Ulta Beauty from $290.00 to $330.00 and gave the stock an outperform rating in a report on Monday, October 1st. Zacks Investment Research raised Ulta Beauty from a sell rating to a hold rating in a report on Tuesday, August 21st. Stifel Nicolaus dropped their target price on Ulta Beauty from $250.00 to $245.00 and set a hold rating for the company in a report on Friday, August 24th. BMO Capital Markets set a $280.00 target price on Ulta Beauty and gave the stock a hold rating in a report on Friday. Finally, Wells Fargo & Co dropped their target price on Ulta Beauty from $336.00 to $328.00 and set an outperform rating for the company in a report on Friday. Eight equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $286.96.

Ulta Beauty stock traded down $38.45 during mid-day trading on Friday, hitting $254.47. 4,225,348 shares of the company’s stock traded hands, compared to its average volume of 1,026,716. Ulta Beauty has a fifty-two week low of $191.70 and a fifty-two week high of $322.49. The company has a market capitalization of $17.51 billion, a price-to-earnings ratio of 31.19, a P/E/G ratio of 1.47 and a beta of 0.63.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, December 6th. The specialty retailer reported $2.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.02. Ulta Beauty had a return on equity of 33.96% and a net margin of 9.99%. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter last year, the firm earned $1.69 earnings per share. The company’s revenue was up 16.2% on a year-over-year basis. As a group, sell-side analysts expect that Ulta Beauty will post 10.84 EPS for the current year.

In related news, Director Dennis K. Eck sold 35,000 shares of the firm’s stock in a transaction 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 transaction, the director now owns 361,294 shares in the company, valued at $103,745,572.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dennis K. Eck sold 31,278 shares of the firm’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $285.88, for a total value of $8,941,754.64. Following the completion of the transaction, the director now owns 334,778 shares in the company, valued at approximately $95,706,334.64. The disclosure for this sale can be found here. Insiders sold 66,407 shares of company stock worth $19,028,318 in the last 90 days. 5.60% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace North America L.P. increased its position in shares of Ulta Beauty by 204.1% in 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 position in Ulta Beauty in the third quarter valued at about $44,356,000. Great Lakes Advisors LLC bought a new position in Ulta Beauty in the third quarter valued at about $328,000. Legal & General Group Plc grew its position in Ulta Beauty by 2.0% in the third quarter. Legal & General Group Plc now owns 272,537 shares of the specialty retailer’s stock valued at $76,900,000 after acquiring an additional 5,295 shares during the last quarter. Finally, Standard Life Aberdeen plc grew its position in Ulta Beauty by 73.9% in the third quarter. Standard Life Aberdeen plc now owns 23,692 shares of the specialty retailer’s stock valued at $6,685,000 after acquiring an additional 10,071 shares during the last quarter. Institutional investors own 89.10% of the company’s stock.

About Ulta Beauty

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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