A number of research firms have changed their ratings and price targets for Ulta Beauty (NASDAQ: ULTA):

  • 8/8/2017 – Ulta Beauty was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Ulta Beauty has underperformed the industry in the last three months. This could be largely accountable to a slowing U.S. beauty market, which has become challenging since January. The mass market and department stores have been pressurized, which remains a concern for Ulta Beauty. Moreover, the company remains on the backfoot due to limited global brand awareness, alongside challenges related to cheaper alternatives and changing consumer preference. Nevertheless, we commend Ulta Beauty’s splendid surprise history. The company has been gaining from constant merchandise innovations, solid marketing initiatives, outstanding e-Commerce improvement and continued progress at the salon operations. Notably, the company recorded a 70.9% growth in e-Commerce sales in first-quarter fiscal 2017. Further, the company’s raised fiscal 2017 view bodes well. Estimates have been stable lately, ahead of the company's second quarter earnings.”
  • 8/8/2017 – Ulta Beauty was downgraded by analysts at Oppenheimer Holdings, Inc. from an “outperform” rating to a “market perform” rating. They now have a $270.00 price target on the stock, down previously from $330.00. They wrote, “softer commentary,” the analyst explained. For example, the company acknowledged the beauty market in the U.S. is “less than [even] last year due to a much [softer] mass market.” The company also said the beauty market has been “amazingly slow since January after a lively market in 2016.””If our read of L’Oreal’s assessment is accurate, this, coupled with increased department store discounting, could suggest a less robust US beauty market,”
  • 8/1/2017 – Ulta Beauty was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ulta Beauty has outperformed the broader industry year to date, driven by its splendid surprise history. Notably, the company has posted positive earnings and sales surprise for 14 straight quarters now. The company is gaining from its constant merchandise innovations, solid marketing initiatives, outstanding e-Commerce improvement and continued progress at the salon operations. Notably, the company recorded a 70.9% growth in e-Commerce sales in first-quarter fiscal 2017, marking its highest growth since 2014. Further, the company’s raised fiscal 2017 guidance bodes well. Second quarter estimates have been stable lately, ahead of the company's second quarter earnings release. However, the company remains on the back foot due to limited global brand awareness, alongside challenges related to cheaper alternatives and changing consumer preference. Also, stiff competition is a concern.”
  • 7/31/2017 – Ulta Beauty was given a new $336.00 price target on by analysts at Cowen and Company. They now have a “buy” rating on the stock.
  • 7/31/2017 – Ulta Beauty had its “market perform” rating reaffirmed by analysts at CIBC.
  • 7/31/2017 – Ulta Beauty had its “market perform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $330.00 price target on the stock, up previously from $270.00.
  • 7/31/2017 – Ulta Beauty was downgraded by analysts at Oppenheimer Holdings, Inc. from an “outperform” rating to a “market perform” rating.
  • 7/27/2017 – Ulta Beauty was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/27/2017 – Ulta Beauty had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $345.00 price target on the stock.
  • 7/14/2017 – Ulta Beauty had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $350.00 price target on the stock.
  • 7/14/2017 – Ulta Beauty had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $330.00 price target on the stock.
  • 7/14/2017 – Ulta Beauty had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 7/14/2017 – Ulta Beauty was upgraded by analysts at Goldman Sachs Group, Inc. (The) from a “neutral” rating to a “buy” rating. They now have a $310.00 price target on the stock.
  • 7/13/2017 – Ulta Beauty was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $301.00 price target on the stock. According to Zacks, “Ulta Beauty has outperformed the broader industry in the last six months, driven by its splendid surprise history. Notably, the company has posted positive earnings and sales surprise for 14 straight quarters now. The company is gaining from its constant merchandise innovations, solid marketing initiatives, outstanding e-Commerce improvement and continued progress at the salon operations. Notably, the company recorded a 70.9% growth in e-Commerce sales in first-quarter fiscal 2017, marking its highest growth since 2014. Further, the company’s raised fiscal 2017 guidance bodes well. Second quarter estimate remains stable, while estimates for fiscal 2017 and 2018 have trended up in the last 30 days. However, the company remains on the back foot due to limited global brand awareness, alongside challenges related to cheaper alternatives and changing consumer preference. Also, stiff competition is a concern.”
  • 7/12/2017 – Ulta Beauty was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/5/2017 – Ulta Beauty had its “market perform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $290.00 price target on the stock.
  • 6/26/2017 – Ulta Beauty had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $300.00 price target on the stock.
  • 6/20/2017 – Ulta Beauty was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/13/2017 – Ulta Beauty is now covered by analysts at Guggenheim. They set a “neutral” rating on the stock.
  • 6/13/2017 – Ulta Beauty had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $330.00 price target on the stock.

Ulta Beauty Inc. (NASDAQ ULTA) traded down 2.45% on Thursday, reaching $246.87. The company had a trading volume of 686,081 shares. Ulta Beauty Inc. has a 12 month low of $225.13 and a 12 month high of $314.86. The firm has a 50 day moving average price of $264.23 and a 200-day moving average price of $279.89. The stock has a market capitalization of $15.31 billion, a price-to-earnings ratio of 34.67 and a beta of 0.57.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, May 25th. The specialty retailer reported $1.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.79 by $0.12. The firm 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 revenue for the quarter was up 22.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 earnings per share. Analysts forecast that Ulta Beauty Inc. will post $8.32 earnings per share for the current fiscal year.

In other Ulta Beauty news, Director Catherine Ann Halligan sold 500 shares of Ulta Beauty stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $312.36, for a total value of $156,180.00. Following the sale, the director now owns 4,126 shares of the company’s stock, valued at approximately $1,288,797.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert F. Diromualdo sold 20,000 shares of Ulta Beauty 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 completion of the sale, the director now directly owns 4,717 shares in the company, valued at approximately $1,457,788.85. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

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.