Ulta Beauty (NASDAQ:ULTA) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

A number of other brokerages also recently issued reports on ULTA. Zacks Investment Research reissued a “buy” rating and set a $316.00 price objective on shares of Ulta Beauty in a research report on Saturday, November 17th. Deutsche Bank set a $263.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Friday, November 2nd. BidaskClub downgraded shares of Ulta Beauty from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 28th. OTR Global raised shares of Ulta Beauty to a “positive” rating in a research report on Thursday, November 29th. Finally, Morgan Stanley boosted their price objective on shares of Ulta Beauty from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, October 11th. Seven research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $286.96.

Shares of NASDAQ ULTA traded down $38.45 during mid-day trading on Friday, hitting $254.47. The stock had a trading volume of 4,228,093 shares, compared to its average volume of 1,090,718. Ulta Beauty has a 1 year low of $191.70 and a 1 year high of $322.49. The company has a market cap of $17.40 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 1.46 and a beta of 0.63.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, December 6th. The specialty retailer reported $2.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.02. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.56 billion. Ulta Beauty had a net margin of 9.91% and a return on equity of 33.29%. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.69 EPS. As a group, equities analysts predict that Ulta Beauty will post 10.84 EPS for the current year.

In other news, Director Dennis K. Eck sold 35,000 shares of the business’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $287.15, for a total transaction of $10,050,250.00. Following the sale, the director now owns 361,294 shares in the company, valued at approximately $103,745,572.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dennis K. Eck sold 31,278 shares of the business’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $285.88, for a total transaction of $8,941,754.64. Following the sale, the director now owns 334,778 shares in the company, valued at approximately $95,706,334.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,407 shares of company stock worth $19,028,318. Company insiders own 5.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Signaturefd LLC boosted its stake in Ulta Beauty by 13.8% in the 3rd quarter. Signaturefd LLC now owns 1,521 shares of the specialty retailer’s stock worth $429,000 after purchasing an additional 185 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Ulta Beauty by 1.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 17,660 shares of the specialty retailer’s stock worth $4,980,000 after purchasing an additional 203 shares in the last quarter. Atria Investments LLC boosted its stake in Ulta Beauty by 3.5% in the 3rd quarter. Atria Investments LLC now owns 6,946 shares of the specialty retailer’s stock worth $1,960,000 after purchasing an additional 234 shares in the last quarter. Wendell David Associates Inc. boosted its stake in Ulta Beauty by 7.8% in the 3rd quarter. Wendell David Associates Inc. now owns 3,335 shares of the specialty retailer’s stock worth $941,000 after purchasing an additional 240 shares in the last quarter. Finally, Gulf International Bank UK Ltd boosted its stake in Ulta Beauty by 1.3% in the 3rd quarter. Gulf International Bank UK Ltd now owns 18,712 shares of the specialty retailer’s stock worth $5,279,000 after purchasing an additional 249 shares in the last quarter. Institutional investors own 89.10% of the company’s stock.

About Ulta Beauty

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.

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Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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