BMO Capital Markets reaffirmed their hold rating on shares of Ulta Beauty Inc. (NASDAQ:ULTA) in a research report report published on Thursday, November 2nd. They currently have a $235.00 price target on the specialty retailer’s stock.
A number of other analysts have also weighed in on the stock. Zacks Investment Research raised shares of Ulta Beauty from a hold rating to a buy rating and set a $301.00 target price on the stock in a report on Thursday, July 13th. Morgan Stanley decreased their price target on shares of Ulta Beauty from $313.00 to $245.00 and set an equal weight rating on the stock in a report on Monday, August 28th. Cowen and Company set a $336.00 price objective on shares of Ulta Beauty and gave the company a buy rating in a research note on Friday, October 20th. Cleveland Research cut shares of Ulta Beauty from a buy rating to a neutral rating and increased their price target for the company from $189.50 to $314.00 in a research report on Thursday, October 12th. Finally, Telsey Advisory Group dropped their price target on shares of Ulta Beauty from $360.00 to $300.00 and set an outperform rating for the company 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 issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $274.11.
Ulta Beauty (NASDAQ ULTA) opened at $198.56 on Thursday. Ulta Beauty has a twelve month low of $187.96 and a twelve month high of $314.86. The firm has a market cap of $12,230.00, a PE ratio of 26.83, a P/E/G ratio of 1.22 and a beta of 0.51.
Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.05. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. The company’s quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.43 earnings per share. analysts forecast 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 firm’s stock in a transaction on Friday, October 13th. The shares were bought at an average price of $195.21 per share, for a total transaction of $24,965,211.69. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael R. Macdonald acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was purchased at an average price of $208.37 per share, for a total transaction of $416,740.00. Following the acquisition, the director now directly owns 6,224 shares in the company, valued at approximately $1,296,894.88. The disclosure for this purchase can be found here. Company insiders own 5.20% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Ulta Beauty by 44.0% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,883 shares of the specialty retailer’s stock worth $2,912,000 after purchasing an additional 3,937 shares during the last quarter. Beacon Investment Advisory Services Inc. acquired a new stake in shares of Ulta Beauty during the 3rd quarter worth about $8,051,000. Granahan Investment Management Inc. MA acquired a new stake in shares of Ulta Beauty during the 3rd quarter worth about $343,000. Janus Henderson Group PLC increased its position in shares of Ulta Beauty by 63.1% during the 3rd quarter. Janus Henderson Group PLC now owns 188,865 shares of the specialty retailer’s stock worth $42,694,000 after purchasing an additional 73,103 shares during the last quarter. Finally, Grandeur Peak Global Advisors LLC acquired a new stake in shares of Ulta Beauty during the 3rd quarter worth about $260,000. 85.22% of the stock is owned by hedge funds and other institutional investors.
About Ulta Beauty
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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