Ulta Beauty Inc. (NASDAQ:ULTA) had its target price reduced by equities researchers at Oppenheimer Holdings, Inc. from $250.00 to $210.00 in a research report issued on Tuesday, October 17th. The firm currently has a “hold” rating on the specialty retailer’s stock. Oppenheimer Holdings, Inc.’s price objective indicates a potential upside of 4.31% from the stock’s previous close. Oppenheimer Holdings also issued estimates for Ulta Beauty’s Q3 2018 earnings at $1.59 EPS and FY2018 earnings at $8.21 EPS.
Other analysts have also recently issued research reports about the company. Cleveland Research cut Ulta Beauty from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $189.50 to $314.00 in a research report on Thursday, October 12th. Goldman Sachs Group, Inc. (The) raised Ulta Beauty from a “neutral” rating to a “buy” rating and set a $310.00 price objective for the company in a research report on Friday, July 14th. Wells Fargo & Company reissued a “market perform” rating and issued a $290.00 price objective on shares of Ulta Beauty in a research report on Wednesday, July 5th. BidaskClub cut Ulta Beauty from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research raised Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $274.11.
Ulta Beauty (ULTA) traded down $0.72 on Tuesday, reaching $201.33. The company’s stock had a trading volume of 708,359 shares, compared to its average volume of 1,390,000. The stock has a market cap of $12,360.00, a P/E ratio of 27.38, a P/E/G ratio of 1.25 and a beta of 0.51. Ulta Beauty has a one year low of $187.96 and a one year high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.05. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the business posted $1.43 EPS. The business’s revenue was up 20.7% compared to the same quarter last year. research analysts expect that Ulta Beauty will post 8.36 EPS for the current fiscal year.
In other news, Director Charles Heilbronn acquired 127,889 shares of the company’s stock in a transaction on Friday, October 13th. The shares were bought at an average price of $195.21 per share, with a total value of $24,965,211.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael R. Macdonald bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were acquired at an average price of $208.37 per share, with a total value of $416,740.00. Following the purchase, the director now directly owns 6,224 shares of the company’s stock, valued at approximately $1,296,894.88. The disclosure for this purchase can be found here. Corporate insiders own 5.20% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. QS Investors LLC lifted its position in Ulta Beauty by 0.8% in the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock valued at $210,000 after purchasing an additional 6 shares during the period. Balasa Dinverno & Foltz LLC lifted its position in Ulta Beauty by 1.0% in the second quarter. Balasa Dinverno & Foltz LLC now owns 999 shares of the specialty retailer’s stock valued at $287,000 after purchasing an additional 10 shares during the period. Wendell David Associates Inc. lifted its position in Ulta Beauty by 1.3% in the second quarter. Wendell David Associates Inc. now owns 1,291 shares of the specialty retailer’s stock valued at $371,000 after purchasing an additional 16 shares during the period. Chase Investment Counsel Corp lifted its position in Ulta Beauty by 1.1% in the second quarter. Chase Investment Counsel Corp now owns 1,683 shares of the specialty retailer’s stock valued at $483,000 after purchasing an additional 18 shares during the period. Finally, Candriam Luxembourg S.C.A. lifted its position in Ulta Beauty by 0.7% in the second quarter. Candriam Luxembourg S.C.A. now owns 3,645 shares of the specialty retailer’s stock valued at $1,047,000 after purchasing an additional 25 shares during the period. Hedge funds and other institutional investors own 87.39% of the company’s stock.
Ulta Beauty Company Profile
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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