Ulta Beauty Inc. (ULTA) Rating Increased to Sell at BidaskClub
Ulta Beauty Inc. (NASDAQ:ULTA) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Saturday.
Other analysts have also issued reports about the company. Buckingham Research lowered Ulta Beauty from a “buy” rating to a “neutral” rating and boosted their price target for the company from $325.00 to $330.00 in a report on Friday, May 26th. Piper Jaffray Companies set a $333.00 target price on Ulta Beauty and gave the company a “buy” rating in a research report on Saturday, May 27th. Royal Bank Of Canada set a $310.00 target price on Ulta Beauty and gave the company a “hold” rating in a research report on Sunday, May 28th. Robert W. Baird set a $325.00 target price on Ulta Beauty and gave the company an “outperform” rating in a research report on Thursday, May 25th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $360.00 target price (up previously from $320.00) on shares of Ulta Beauty in a research report on Friday, May 26th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. Ulta Beauty presently has a consensus rating of “Hold” and a consensus target price of $319.05.
Shares of Ulta Beauty (NASDAQ ULTA) traded up 1.15% on Friday, reaching $244.20. The company’s stock had a trading volume of 814,120 shares. The stock has a market cap of $15.15 billion, a PE ratio of 34.29 and a beta of 0.57. The company’s 50 day moving average is $256.00 and its 200-day moving average is $278.55. Ulta Beauty has a 1-year low of $225.13 and a 1-year high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, May 25th. The specialty retailer reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.12. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. Ulta Beauty had a return on equity of 28.91% and a net margin of 8.75%. The company’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.45 earnings per share. On average, equities analysts predict that Ulta Beauty will post $8.32 earnings per share for the current fiscal year.
In other news, Director Robert F. Diromualdo sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Catherine Ann Halligan sold 500 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $312.36, for a total value 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. 5.20% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp increased its position in Ulta Beauty by 11.2% in the first quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 40 shares during the last quarter. Crestwood Advisors Group LLC purchased a new position in Ulta Beauty during the first quarter valued at approximately $120,000. Sun Life Financial INC increased its position in Ulta Beauty by 4,655.6% in the second quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock valued at $123,000 after buying an additional 419 shares during the last quarter. FNY Partners Fund LP purchased a new position in Ulta Beauty during the first quarter valued at approximately $142,000. Finally, Lazard Asset Management LLC purchased a new position in Ulta Beauty during the second quarter valued at approximately $157,000. 85.68% of the stock is currently owned by institutional investors.
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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