ULTA has been the topic of a number of other reports. Stifel Nicolaus restated a hold rating and set a $325.00 price objective (up from $305.00) on shares of Ulta Beauty in a report on Tuesday, June 6th. Jefferies Group LLC upgraded shares of Ulta Beauty from a hold rating to a buy rating and raised their price objective for the stock from $266.00 to $350.00 in a report on Friday, June 2nd. Zacks Investment Research lowered shares of Ulta Beauty from a buy rating to a hold rating in a report on Thursday, June 1st. Morgan Stanley raised their price objective on shares of Ulta Beauty from $300.00 to $313.00 and gave the stock an equal weight rating in a report on Wednesday, May 31st. Finally, Guggenheim started coverage on shares of Ulta Beauty in a report on Tuesday, June 13th. They set a neutral rating on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $322.21.
Ulta Beauty (NASDAQ ULTA) traded down 2.98% on Friday, hitting $253.94. The company’s stock had a trading volume of 1,671,434 shares. The company has a market capitalization of $15.75 billion, a P/E ratio of 35.66 and a beta of 0.59. The company has a 50 day moving average price of $297.02 and a 200-day moving average price of $280.25. Ulta Beauty has a 1-year low of $225.13 and a 1-year high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, May 25th. The specialty retailer reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.12. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Ulta Beauty had a net margin of 8.75% and a return on equity of 28.91%. The business’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period last year, the firm posted $1.45 earnings per share. On average, equities analysts forecast that Ulta Beauty will post $8.32 earnings per share for the current fiscal year.
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In other Ulta Beauty news, Director Robert F. Diromualdo sold 20,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were 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 owns 4,717 shares of the company’s stock, valued at approximately $1,457,788.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Catherine Ann Halligan sold 500 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $312.36, for a total transaction of $156,180.00. Following the completion of the sale, the director now directly owns 4,126 shares of the company’s stock, valued at approximately $1,288,797.36. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp increased its stake in Ulta Beauty by 11.2% in the first quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock worth $114,000 after buying an additional 40 shares in the last quarter. Crestwood Advisors Group LLC acquired a new stake in Ulta Beauty during the first quarter worth about $120,000. FNY Partners Fund LP acquired a new stake in Ulta Beauty during the first quarter worth about $142,000. NEXT Financial Group Inc increased its stake in Ulta Beauty by 18.0% in the first quarter. NEXT Financial Group Inc now owns 565 shares of the specialty retailer’s stock worth $159,000 after buying an additional 86 shares in the last quarter. Finally, EFG Asset Management Americas Corp. acquired a new stake in Ulta Beauty during the first quarter worth about $221,000. 85.37% 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.
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