Traders Buy Ulta Beauty Inc. (ULTA) on Weakness
Investors bought 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 equities 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
ULTA has been the subject of several recent research reports. KeyCorp reaffirmed a “buy” rating and set a $270.00 target price (down from $300.00) on shares of Ulta Beauty in a report on Tuesday. Robert W. Baird set a $295.00 price target on shares of Ulta Beauty and gave the stock a “buy” rating in a report on Sunday, October 1st. Piper Jaffray Companies reissued a “buy” rating and issued a $260.00 price target on shares of Ulta Beauty in a report on Sunday, October 1st. Royal Bank Of Canada reissued a “hold” rating on shares of Ulta Beauty in a report on Wednesday, September 27th. Finally, Wolfe Research reissued an “outperform” rating on shares of Ulta Beauty in a report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $279.96.
The firm’s 50-day moving average is $224.96 and its 200 day moving average is $266.27. The stock has a market cap of $13.51 billion, a PE ratio of 29.27 and a beta of 0.57.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the company earned $1.43 EPS. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. Equities analysts expect that Ulta Beauty Inc. will post $8.38 earnings per share for the current year.
In other news, Director Michael R. Macdonald acquired 2,000 shares of Ulta Beauty stock in a transaction dated 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 purchase, the director now directly owns 6,224 shares of the company’s stock, valued at approximately $1,296,894.88. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.20% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its stake in shares of Ulta Beauty by 11.2% in the 1st quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock valued at $114,000 after purchasing an additional 40 shares in the last quarter. Sun Life Financial INC lifted its stake in shares of Ulta Beauty by 4,655.6% in the 2nd quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock valued at $123,000 after purchasing an additional 419 shares in the last quarter. FNY Partners Fund LP acquired a new position in shares of Ulta Beauty in the 1st quarter valued at about $142,000. Lazard Asset Management LLC acquired a new position in shares of Ulta Beauty in the 2nd quarter valued at about $157,000. Finally, QS Investors LLC lifted its stake in shares of Ulta Beauty by 0.8% in the 2nd quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock valued at $210,000 after purchasing an additional 6 shares in 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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