BidaskClub cut shares of Ulta Beauty Inc. (NASDAQ:ULTA) from a sell rating to a strong sell rating in a report published on Thursday morning.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research upgraded Ulta Beauty from a hold rating to a buy rating and set a $329.00 price objective on the stock in a research report on Monday, May 22nd. Loop Capital upgraded Ulta Beauty from a hold rating to a buy rating and upped their price objective for the company from $285.00 to $350.00 in a research report on Monday, April 10th. BMO Capital Markets set a $345.00 price objective on Ulta Beauty and gave the company a buy rating in a research report on Saturday, May 27th. Piper Jaffray Companies set a $333.00 price objective on Ulta Beauty and gave the company a buy rating in a research report on Saturday, May 27th. Finally, Jefferies Group LLC upgraded Ulta Beauty from a hold rating to a buy rating and upped their price objective for the company from $266.00 to $350.00 in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company. Ulta Beauty has an average rating of Buy and a consensus target price of $322.21.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, May 25th. The specialty retailer reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.12. Ulta Beauty had a return on equity of 28.91% and a net margin of 8.75%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the business posted $1.45 earnings per share. The company’s quarterly revenue was up 22.4% compared to the same quarter last year.

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In other news, Director Catherine Ann Halligan sold 500 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $312.36, for a total value of $156,180.00. Following the completion of 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 can be accessed through the SEC website. Also, Director Robert F. Diromualdo sold 20,000 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was 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 of the company’s stock, valued at approximately $1,457,788.85. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Bank of Montreal Can boosted its stake in Ulta Beauty by 3.3% in the first quarter. Bank of Montreal Can now owns 26,495 shares of the specialty retailer’s stock worth $7,558,000 after buying an additional 845 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in Ulta Beauty by 3.5% in the first quarter. Gulf International Bank UK Ltd now owns 18,688 shares of the specialty retailer’s stock worth $5,330,000 after buying an additional 640 shares during the last quarter. Rathbone Brothers plc boosted its stake in Ulta Beauty by 2.3% in the first quarter. Rathbone Brothers plc now owns 108,721 shares of the specialty retailer’s stock worth $31,010,000 after buying an additional 2,464 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in Ulta Beauty by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 51,405 shares of the specialty retailer’s stock worth $14,662,000 after buying an additional 1,615 shares during the last quarter. Finally, Atalanta Sosnoff Capital LLC boosted its stake in Ulta Beauty by 226.8% in the first quarter. Atalanta Sosnoff Capital LLC now owns 115,334 shares of the specialty retailer’s stock worth $32,897,000 after buying an additional 80,043 shares during the last quarter. 85.55% of the stock is 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.

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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