Ulta Beauty Inc. (ULTA) Given Average Recommendation of “Hold” by Brokerages
Shares of Ulta Beauty Inc. (NASDAQ:ULTA) have been given a consensus rating of “Hold” by the twenty-six analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $270.18.
Several research analysts recently commented on ULTA shares. Cowen and Company set a $336.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, July 31st. Jefferies Group LLC set a $350.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, August 14th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $330.00 target price on shares of Ulta Beauty in a research report on Monday, August 21st. Robert W. Baird set a $335.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Finally, Loop Capital reaffirmed a “buy” rating and issued a $300.00 target price (down from $350.00) on shares of Ulta Beauty in a research report on Friday, August 25th. They noted that the move was a valuation call.
Shares of Ulta Beauty (NASDAQ:ULTA) opened at $212.30 on Thursday. The stock has a market cap of $12,897.97, a price-to-earnings ratio of 28.45, a PEG ratio of 1.30 and a beta of 0.51. Ulta Beauty has a 52 week low of $187.96 and a 52 week high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping the 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%. Ulta Beauty’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter last year, the company posted $1.43 earnings per share. equities research analysts forecast that Ulta Beauty will post 8.36 earnings per share for the current fiscal year.
In related news, Director Charles Heilbronn bought 127,889 shares of the firm’s stock in a transaction dated Friday, October 13th. The stock was bought at an average cost of $195.21 per share, for a total transaction of $24,965,211.69. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael R. Macdonald bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were bought at an average price of $208.37 per share, with a total value of $416,740.00. Following the completion of the transaction, the director now directly owns 6,224 shares in the company, valued at approximately $1,296,894.88. The disclosure for this purchase can be found here. 5.20% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Ulta Beauty by 3.1% during the 2nd 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 in the last quarter. BlackRock Inc. lifted its holdings in shares of Ulta Beauty by 6.2% during the 2nd 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 in the last quarter. Jennison Associates LLC lifted its holdings in shares of Ulta Beauty by 9.1% during the 2nd 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 in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Ulta Beauty by 4.0% during the 2nd 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 in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Ulta Beauty by 58.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,390,665 shares of the specialty retailer’s stock valued at $314,378,000 after purchasing an additional 512,315 shares in the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.
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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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