Ulta Beauty Inc. (ULTA) Given a $336.00 Price Target by Cowen and Company Analysts
A number of other equities analysts have also recently commented on the stock. Goldman Sachs Group Inc upgraded shares of Ulta Beauty from a neutral rating to a buy rating and set a $310.00 target price on the stock in a research report on Friday, July 14th. Cleveland Research cut shares of Ulta Beauty from a buy rating to a neutral rating and boosted their price objective for the company from $189.50 to $314.00 in a research report on Thursday, October 12th. Wells Fargo & Company restated a market perform rating and issued a $290.00 price objective on shares of Ulta Beauty in a research report on Wednesday, July 5th. BidaskClub cut shares of Ulta Beauty from a sell rating to a strong sell rating in a research report on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. restated an outperform rating on shares of Ulta Beauty in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $273.70.
Ulta Beauty (NASDAQ ULTA) traded up 0.11% during mid-day trading on Friday, reaching $204.84. The company had a trading volume of 1,114,744 shares. Ulta Beauty has a 12-month low of $187.96 and a 12-month high of $314.86. The firm has a 50-day moving average price of $218.30 and a 200 day moving average price of $260.11. The firm has a market capitalization of $12.58 billion, a price-to-earnings ratio of 27.27 and a beta of 0.57.
Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, August 24th. The specialty retailer reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. The firm’s revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 EPS. Analysts expect that Ulta Beauty will post $8.38 EPS for the current year.
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In other Ulta Beauty news, Director Michael R. Macdonald bought 2,000 shares of Ulta Beauty stock in a transaction on Tuesday, August 29th. The stock was acquired at an average cost of $208.37 per share, with a total value of $416,740.00. Following the completion of the acquisition, the director now owns 6,224 shares in the company, valued at $1,296,894.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles Heilbronn bought 127,889 shares of Ulta Beauty stock in a transaction on Friday, October 13th. The shares were acquired at an average cost of $195.21 per share, with a total value of $24,965,211.69. The disclosure for this purchase can be found here. 5.20% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the business. Iberiabank Corp increased its holdings in Ulta Beauty by 9.2% during the second quarter. Iberiabank Corp now owns 4,549 shares of the specialty retailer’s stock valued at $1,307,000 after buying an additional 383 shares during the last quarter. Covenant Asset Management LLC increased its holdings in Ulta Beauty by 1.9% during the second quarter. Covenant Asset Management LLC now owns 3,676 shares of the specialty retailer’s stock valued at $1,056,000 after buying an additional 70 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Ulta Beauty by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 214,001 shares of the specialty retailer’s stock valued at $61,039,000 after buying an additional 5,854 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Ulta Beauty during the second quarter valued at approximately $552,000. Finally, CIBC World Markets Inc. increased its holdings in Ulta Beauty by 63.0% during the second quarter. CIBC World Markets Inc. now owns 9,994 shares of the specialty retailer’s stock valued at $2,872,000 after buying an additional 3,861 shares during the last quarter. 87.70% of the stock is owned by institutional investors and hedge funds.
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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