Traders Buy Shares of Ulta Beauty Inc. (ULTA) on Weakness
Investors purchased shares of Ulta Beauty Inc. (NASDAQ:ULTA) on weakness during trading on Friday. $102.96 million flowed into the stock on the tick-up and $33.52 million flowed out of the stock on the tick-down, for a money net flow of $69.44 million into the stock. Of all stocks tracked, Ulta Beauty had the 8th highest net in-flow for the day. Ulta Beauty traded down ($0.72) for the day and closed at $219.91
Several equities research analysts have recently issued reports on ULTA shares. Piper Jaffray Companies reissued a “buy” rating and set a $330.00 price objective on shares of Ulta Beauty in a research report on Tuesday, June 13th. Guggenheim assumed coverage on shares of Ulta Beauty in a research report on Tuesday, June 13th. They issued a “neutral” rating for the company. BidaskClub downgraded shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $300.00 target price on shares of Ulta Beauty in a research report on Monday, June 26th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and issued a $290.00 target price on shares of Ulta Beauty in a research report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the stock. Ulta Beauty presently has an average rating of “Hold” and a consensus price target of $279.96.
The firm has a market capitalization of $13.51 billion, a price-to-earnings ratio of 29.27 and a beta of 0.57. The firm has a 50 day moving average of $224.35 and a 200 day moving average of $265.80.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $1.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.05. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. The company’s revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 earnings per share. On average, equities analysts expect that Ulta Beauty Inc. will post $8.38 earnings per share for the current fiscal year.
In other Ulta Beauty news, Director Michael R. Macdonald acquired 2,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were acquired at an average cost of $208.37 per share, with a total value of $416,740.00. Following the completion of the acquisition, the director now directly owns 6,224 shares in the company, valued at $1,296,894.88. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.20% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Ulta Beauty by 3.1% during the second quarter. Vanguard Group Inc. now owns 5,738,059 shares of the specialty retailer’s stock valued at $1,648,774,000 after purchasing an additional 173,627 shares during the last quarter. BlackRock Inc. lifted its holdings in Ulta Beauty by 6.2% during the second quarter. BlackRock Inc. now owns 4,255,942 shares of the specialty retailer’s stock valued at $1,222,902,000 after purchasing an additional 247,992 shares during the last quarter. Jennison Associates LLC lifted its holdings in Ulta Beauty by 9.1% during the second quarter. Jennison Associates LLC now owns 2,468,332 shares of the specialty retailer’s stock valued at $709,251,000 after purchasing an additional 205,289 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Ulta Beauty by 4.0% during the second quarter. JPMorgan Chase & Co. now owns 2,180,557 shares of the specialty retailer’s stock valued at $626,560,000 after purchasing an additional 83,081 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Ulta Beauty by 31.9% during the second quarter. Alliancebernstein L.P. now owns 1,311,030 shares of the specialty retailer’s stock valued at $376,711,000 after purchasing an additional 317,441 shares during the last quarter. 87.91% of the stock is currently owned by institutional investors and hedge funds.
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About Ulta Beauty
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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