Positive Media Coverage Likely to Affect Ulta Beauty (ULTA) Stock Price
News articles about Ulta Beauty (NASDAQ:ULTA) have been trending positive this week, according to AlphaOne Sentiment. The research group, a subsidiary of Accern, ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ulta Beauty earned a daily sentiment score of 0.41 on AlphaOne’s scale. AlphaOne also assigned news stories about the specialty retailer an impact score of 68 out of 100, indicating that recent media coverage is likely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Alpha One’s rankings:
- After the accumulation, an upward acceleration ? (4-traders.com)
- Here’s Why Companies Like Chipotle Don’t Split Their Stock Anymore – And Why Perhaps They Should (benzinga.com)
- ETFs with exposure to Ulta Beauty, Inc. : April 17, 2017 (finance.yahoo.com)
- Ulta Beauty (ULTA) Earns Daily Media Impact Score of 0.32 (americanbankingnews.com)
- J C Penney Company Inc (JCP) Looks to Beauty for Growth – Investorplace.com (investorplace.com)
Shares of Ulta Beauty (NASDAQ:ULTA) traded down 0.26% during trading on Thursday, reaching $278.73. 560,266 shares of the company were exchanged. Ulta Beauty has a 1-year low of $202.28 and a 1-year high of $289.27. The company has a market capitalization of $17.32 billion, a price-to-earnings ratio of 42.75 and a beta of 0.65. The stock’s 50 day moving average is $282.31 and its 200 day moving average is $263.67.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, March 9th. The specialty retailer reported $2.24 EPS for the quarter, topping the consensus estimate of $2.13 by $0.11. The company earned $1.58 billion during the quarter, compared to analyst estimates of $1.54 billion. Ulta Beauty had a net margin of 8.31% and a return on equity of 26.87%. The firm’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.69 EPS. Equities analysts anticipate that Ulta Beauty will post $8.08 earnings per share for the current year.
A number of research firms have recently issued reports on ULTA. Loop Capital reaffirmed a “hold” rating and set a $285.00 price objective on shares of Ulta Beauty in a report on Friday, April 7th. Robert W. Baird set a $315.00 price objective on shares of Ulta Beauty and gave the stock a “buy” rating in a report on Saturday, March 11th. Royal Bank of Canada set a $285.00 price objective on shares of Ulta Beauty and gave the stock a “sector perform” rating in a report on Saturday, March 11th. Wells Fargo & Co reaffirmed a “hold” rating and set a $279.00 price objective on shares of Ulta Beauty in a report on Saturday, March 11th. Finally, Citigroup Inc reaffirmed an “outperform” rating on shares of Ulta Beauty in a report on Monday, March 6th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the stock. Ulta Beauty presently has an average rating of “Buy” and an average target price of $291.73.
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In related news, Director Dennis K. Eck sold 6,400 shares of the business’s stock in a transaction on Monday, March 27th. The shares were sold at an average price of $281.52, for a total value of $1,801,728.00. Following the completion of the sale, the director now owns 472,029 shares of the company’s stock, valued at approximately $132,885,604.08. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Catherine Ann Halligan sold 157 shares of the business’s stock in a transaction on Tuesday, April 11th. The stock was sold at an average price of $286.00, for a total transaction of $44,902.00. Following the completion of the sale, the director now directly owns 3,875 shares of the company’s stock, valued at approximately $1,108,250. The disclosure for this sale can be found here. In the last three months, insiders sold 150,534 shares of company stock valued at $42,979,662. 6.90% of the stock is owned by insiders.
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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