Ulta Beauty Inc. (ULTA) Receives Consensus Rating of “Hold” from Brokerages
Ulta Beauty Inc. (NASDAQ:ULTA) has been assigned an average rating of “Hold” from the twenty-four analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $320.06.
ULTA has been the subject of a number of recent analyst reports. Jefferies Group LLC set a $266.00 price target on Ulta Beauty and gave the company a “hold” rating in a research report on Thursday, April 27th. Piper Jaffray Companies restated an “overweight” rating and issued a $314.00 price target on shares of Ulta Beauty in a research report on Monday, May 1st. Royal Bank Of Canada restated a “hold” rating on shares of Ulta Beauty in a research report on Tuesday, May 2nd. Zacks Investment Research upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $336.00 price target on the stock in a research report on Wednesday, May 10th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $330.00 price target (up previously from $315.00) on shares of Ulta Beauty in a research report on Wednesday, May 17th.
Ulta Beauty (NASDAQ:ULTA) opened at 248.47 on Tuesday. Ulta Beauty has a one year low of $225.13 and a one year high of $314.86. The company has a 50 day moving average of $261.05 and a 200-day moving average of $279.50. The stock has a market capitalization of $15.41 billion, a P/E ratio of 34.89 and a beta of 0.57.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, May 25th. The specialty retailer reported $1.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.79 by $0.12. Ulta Beauty had a return on equity of 28.91% and a net margin of 8.75%. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the firm posted $1.45 earnings per share. The company’s revenue was up 22.4% on a year-over-year basis. Equities research analysts predict that Ulta Beauty will post $8.32 earnings per share for the current fiscal year.
In other Ulta Beauty news, Director Robert F. Diromualdo sold 20,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $309.05, for a total value of $6,181,000.00. Following the transaction, the director now owns 4,717 shares of the company’s stock, valued at $1,457,788.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Catherine Ann Halligan sold 500 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $312.36, for a total transaction of $156,180.00. Following the completion of the transaction, the director now directly owns 4,126 shares in the company, valued at approximately $1,288,797.36. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. QS Investors LLC raised 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 worth $210,000 after buying an additional 6 shares in the last quarter. Balasa Dinverno & Foltz LLC raised 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 worth $287,000 after buying an additional 10 shares in the last quarter. Wendell David Associates Inc. raised 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 worth $371,000 after buying an additional 16 shares in the last quarter. Chase Investment Counsel Corp raised 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 worth $483,000 after buying an additional 18 shares in the last quarter. Finally, Trust Investment Advisors raised its position in Ulta Beauty by 0.7% in the first quarter. Trust Investment Advisors now owns 3,865 shares of the specialty retailer’s stock worth $1,102,000 after buying an additional 25 shares in the last quarter. 85.68% of the stock is currently owned by institutional investors.
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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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