Ulta Beauty (NASDAQ:ULTA) had its price target decreased by equities research analysts at Wells Fargo & Co from $336.00 to $328.00 in a report released on Friday. The brokerage currently has an “outperform” rating on the specialty retailer’s stock. Wells Fargo & Co’s price target would suggest a potential upside of 28.90% from the stock’s current price.
Other equities analysts also recently issued research reports about the company. Telsey Advisory Group lifted their price objective on Ulta Beauty from $290.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, October 1st. UBS Group set a $335.00 price objective on Ulta Beauty and gave the stock a “buy” rating in a research report on Friday. BMO Capital Markets set a $280.00 price objective on Ulta Beauty and gave the stock a “hold” rating in a research report on Friday. Stifel Nicolaus reduced their price objective on Ulta Beauty from $250.00 to $245.00 and set a “hold” rating on the stock in a research report on Friday, August 24th. Finally, Zacks Investment Research upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, August 21st. Eight analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $286.96.
Shares of Ulta Beauty stock opened at $254.47 on Friday. Ulta Beauty has a one year low of $191.70 and a one year high of $322.49. The company has a market cap of $17.51 billion, a P/E ratio of 31.19, a P/E/G ratio of 1.47 and a beta of 0.63.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, December 6th. The specialty retailer reported $2.18 EPS for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.02. Ulta Beauty had a return on equity of 33.96% and a net margin of 9.99%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter last year, the business posted $1.69 earnings per share. The firm’s revenue was up 16.2% compared to the same quarter last year. As a group, analysts forecast that Ulta Beauty will post 10.84 EPS for the current year.
In other Ulta Beauty news, Director Dennis K. Eck sold 31,278 shares of Ulta Beauty stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $285.88, for a total value of $8,941,754.64. Following the sale, the director now owns 334,778 shares in the company, valued at $95,706,334.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dennis K. Eck sold 35,000 shares of Ulta Beauty stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $287.15, for a total value of $10,050,250.00. Following the completion of the sale, the director now owns 361,294 shares in the company, valued at approximately $103,745,572.10. The disclosure for this sale can be found here. Insiders sold 66,407 shares of company stock worth $19,028,318 in the last 90 days. Company insiders own 5.60% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of ULTA. Waddell & Reed Financial Inc. acquired a new stake in shares of Ulta Beauty in the second quarter valued at $125,933,000. FMR LLC grew its stake in shares of Ulta Beauty by 35.5% in the third quarter. FMR LLC now owns 1,285,561 shares of the specialty retailer’s stock valued at $362,682,000 after buying an additional 336,985 shares in the last quarter. Frontier Capital Management Co. LLC acquired a new stake in shares of Ulta Beauty in the third quarter valued at $79,932,000. Davidson Kempner Capital Management LP acquired a new stake in shares of Ulta Beauty in the second quarter valued at $40,856,000. Finally, Marshall Wace LLP acquired a new stake in shares of Ulta Beauty in the third quarter valued at $44,356,000. 89.10% of the stock is owned by institutional investors and hedge funds.
About Ulta Beauty
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.
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