Cleveland Research Reiterates Hold Rating for Ulta Beauty Inc. (ULTA)
Ulta Beauty Inc. (NASDAQ:ULTA)‘s stock had its “hold” rating reissued by research analysts at Cleveland Research in a report released on Tuesday.
A number of other research firms also recently issued reports on ULTA. BMO Capital Markets reissued a “hold” rating and issued a $235.00 price target on shares of Ulta Beauty in a research note on Thursday, November 2nd. Royal Bank Of Canada set a $250.00 price target on shares of Ulta Beauty and gave the company a “hold” rating in a research note on Monday, October 30th. Robert W. Baird set a $265.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Monday, October 23rd. Cowen and Company set a $336.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Friday, October 20th. Finally, Piper Jaffray Companies downgraded shares of Ulta Beauty from an “overweight” rating to a “neutral” rating and set a $210.00 price target on the stock. in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $274.11.
Ulta Beauty (ULTA) opened at $212.30 on Tuesday. The firm has a market cap of $13,040.00, a PE ratio of 28.34, a price-to-earnings-growth ratio of 1.29 and a beta of 0.51. Ulta Beauty has a fifty-two week low of $187.96 and a fifty-two week high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.05. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. Ulta Beauty’s revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.43 EPS. research analysts expect that Ulta Beauty will post 8.36 EPS for the current year.
In other Ulta Beauty news, Director Charles Heilbronn purchased 127,889 shares of the firm’s stock in a transaction that occurred on Friday, October 13th. The stock was purchased at an average price of $195.21 per share, for a total transaction of $24,965,211.69. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael R. Macdonald purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average price of $208.37 per share, with a total value of $416,740.00. Following the purchase, the director now owns 6,224 shares in the company, valued at $1,296,894.88. The disclosure for this purchase can be found here. Corporate insiders own 5.20% of the company’s stock.
A number of large investors have recently modified their holdings of ULTA. Sun Life Financial INC boosted its stake in Ulta Beauty by 4,655.6% during the 2nd quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock worth $123,000 after purchasing an additional 419 shares during the period. Lazard Asset Management LLC acquired a new stake in Ulta Beauty during the 2nd quarter worth $157,000. QS Investors LLC raised its position in 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. Cypress Capital Group purchased a new position in Ulta Beauty during the 2nd quarter worth $218,000. Finally, QCM Cayman Ltd. purchased a new position in Ulta Beauty during the 2nd quarter worth $248,000. Hedge funds and other institutional investors own 86.38% of the company’s stock.
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.
Receive News & Ratings for Ulta Beauty Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.