BMO Capital Markets reiterated their hold rating on shares of Ulta Beauty Inc. (NASDAQ:ULTA) in a report released on Thursday, November 2nd. They currently have a $235.00 price objective on the specialty retailer’s stock.
ULTA has been the subject of a number of other reports. Piper Jaffray Companies reaffirmed an overweight rating and set a $260.00 price target (down from $330.00) on shares of Ulta Beauty in a report on Tuesday, September 5th. Robert W. Baird reissued an outperform rating and issued a $295.00 target price (down from $335.00) on shares of Ulta Beauty in a report on Friday, August 25th. They noted that the move was a valuation call. Royal Bank Of Canada reissued a hold rating and issued a $310.00 target price on shares of Ulta Beauty in a report on Thursday, August 17th. KeyCorp reissued a buy rating and issued a $270.00 target price (down from $300.00) on shares of Ulta Beauty in a report on Tuesday, October 3rd. Finally, Goldman Sachs Group, Inc. (The) downgraded Ulta Beauty from a conviction-buy rating to a buy rating and reduced their target price for the company from $290.00 to $267.00 in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $274.11.
Shares of Ulta Beauty (NASDAQ ULTA) traded up $0.80 during midday trading on Thursday, hitting $209.96. The stock had a trading volume of 1,643,700 shares, compared to its average volume of 972,029. The firm has a market capitalization of $12,900.00, a PE ratio of 29.15, a PEG ratio of 1.33 and a beta of 0.51. Ulta Beauty has a twelve month low of $187.96 and a twelve month high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last released its 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. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. Ulta Beauty’s revenue was up 20.7% compared to the same quarter last year. During the same period last year, the business posted $1.43 earnings per share. research analysts expect that Ulta Beauty will post 8.36 earnings per share for the current fiscal year.
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In other news, Director Michael R. Macdonald acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was acquired at an average cost 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 purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Charles Heilbronn acquired 127,889 shares of the company’s stock in a transaction dated Friday, October 13th. The shares were purchased at an average price of $195.21 per share, with a total value of $24,965,211.69. The disclosure for this purchase can be found here. Corporate insiders own 5.20% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. QS Investors LLC increased its holdings in shares of Ulta Beauty by 0.8% during the 2nd quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after buying an additional 6 shares during the last quarter. Balasa Dinverno & Foltz LLC increased its holdings in shares of Ulta Beauty by 1.0% during the 2nd quarter. Balasa Dinverno & Foltz LLC now owns 999 shares of the specialty retailer’s stock worth $287,000 after buying an additional 10 shares during the last quarter. Wendell David Associates Inc. increased its holdings in Ulta Beauty by 1.3% in the 2nd 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 in the last quarter. Chase Investment Counsel Corp increased its holdings in Ulta Beauty by 1.1% in the 2nd 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 in the last quarter. Finally, Candriam Luxembourg S.C.A. increased its holdings in Ulta Beauty by 0.7% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.
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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