Ulta Beauty Inc. (NASDAQ:ULTA) Stock Rating Reaffirmed by BMO Capital Markets
BMO Capital Markets reissued their outperform rating on shares of Ulta Beauty Inc. (NASDAQ:ULTA) in a research note issued to investors on Thursday. They currently have a $345.00 price target on the specialty retailer’s stock.
A number of other brokerages have also weighed in on ULTA. Stifel Nicolaus reiterated a hold rating and issued a $325.00 price target (up previously from $305.00) on shares of Ulta Beauty in a report on Tuesday, June 6th. Jefferies Group LLC upgraded shares of Ulta Beauty from a hold rating to a buy rating and lifted their price target for the company from $266.00 to $350.00 in a report on Friday, June 2nd. Zacks Investment Research lowered shares of Ulta Beauty from a buy rating to a hold rating in a report on Thursday, June 1st. Morgan Stanley lifted their price target on shares of Ulta Beauty from $300.00 to $313.00 and gave the company an equal weight rating in a report on Wednesday, May 31st. Finally, Guggenheim assumed coverage on shares of Ulta Beauty in a report on Tuesday, June 13th. They issued a neutral rating on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of Buy and a consensus price target of $322.21.
Shares of Ulta Beauty (NASDAQ:ULTA) opened at 248.60 on Thursday. The firm has a 50-day moving average price of $275.44 and a 200-day moving average price of $280.60. The stock has a market cap of $15.42 billion, a price-to-earnings ratio of 34.91 and a beta of 0.59. Ulta Beauty has a 12 month low of $225.13 and a 12 month high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, May 25th. The specialty retailer reported $1.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.79 by $0.12. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. Ulta Beauty had a net margin of 8.75% and a return on equity of 28.91%. Ulta Beauty’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same quarter last year, the business earned $1.45 EPS. Equities analysts expect that Ulta Beauty will post $8.32 EPS for the current fiscal year.
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In related news, Director Catherine Ann Halligan sold 500 shares of Ulta Beauty stock in a transaction on Monday, June 5th. The shares were sold at an average price of $312.36, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert F. Diromualdo sold 20,000 shares of Ulta Beauty stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $309.05, for a total transaction of $6,181,000.00. Following 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. Company insiders own 5.20% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Balasa Dinverno & Foltz LLC increased its stake in Ulta Beauty by 1.0% in the second quarter. Balasa Dinverno & Foltz LLC now owns 999 shares of the specialty retailer’s stock valued at $287,000 after buying an additional 10 shares during the period. Wendell David Associates Inc. increased its stake in Ulta Beauty by 1.3% in the second quarter. Wendell David Associates Inc. now owns 1,291 shares of the specialty retailer’s stock valued at $371,000 after buying an additional 16 shares during the period. Chase Investment Counsel Corp increased its stake in Ulta Beauty by 1.1% in the second quarter. Chase Investment Counsel Corp now owns 1,683 shares of the specialty retailer’s stock valued at $483,000 after buying an additional 18 shares during the period. Trust Investment Advisors increased its stake in Ulta Beauty by 0.7% in the first quarter. Trust Investment Advisors now owns 3,865 shares of the specialty retailer’s stock valued at $1,102,000 after buying an additional 25 shares during the period. Finally, Cleararc Capital Inc. increased its stake in Ulta Beauty by 1.9% in the first quarter. Cleararc Capital Inc. now owns 1,448 shares of the specialty retailer’s stock valued at $413,000 after buying an additional 27 shares during the period. 85.55% of the stock is currently owned by hedge funds and other institutional investors.
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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