Favorable Media Coverage Somewhat Unlikely to Impact Ulta Beauty (ULTA) Stock Price

Media headlines about Ulta Beauty (NASDAQ:ULTA) have trended positive on Thursday, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ulta Beauty earned a news impact score of 0.26 on Accern’s scale. Accern also assigned press coverage about the specialty retailer an impact score of 45.9961151598042 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news headlines that may have impacted Accern’s analysis:

ULTA has been the subject of several recent research reports. Goldman Sachs Group, Inc. (The) raised shares of Ulta Beauty from a “neutral” rating to a “buy” rating and set a $310.00 target price for the company in a research note on Friday, July 14th. Wells Fargo & Company reissued a “market perform” rating and set a $290.00 target price on shares of Ulta Beauty in a research note on Wednesday, July 5th. Edward Jones lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. Piper Jaffray Companies reissued an “overweight” rating and set a $314.00 target price on shares of Ulta Beauty in a research note on Monday, May 1st. Finally, Zacks Investment Research lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Friday, May 19th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $319.05.

Ulta Beauty (NASDAQ ULTA) traded down 2.45% on Thursday, reaching $246.87. 686,191 shares of the company’s stock traded hands. The stock’s 50 day moving average is $263.04 and its 200 day moving average is $279.65. The firm has a market cap of $15.31 billion, a price-to-earnings ratio of 34.67 and a beta of 0.57. Ulta Beauty has a 52-week low of $225.13 and a 52-week high of $314.86.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, May 25th. The specialty retailer reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.12. Ulta Beauty had a net margin of 8.75% and a return on equity of 28.91%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the firm earned $1.45 EPS. Ulta Beauty’s quarterly revenue was up 22.4% compared to the same quarter last year. On average, equities research analysts predict that Ulta Beauty will post $8.32 EPS for the current fiscal year.

In other Ulta Beauty news, Director Catherine Ann Halligan sold 500 shares of Ulta Beauty stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $312.36, for a total value of $156,180.00. Following the transaction, the director now owns 4,126 shares of the company’s stock, valued at $1,288,797.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert F. Diromualdo sold 20,000 shares of Ulta Beauty stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $309.05, for a total transaction of $6,181,000.00. Following the completion of the transaction, the director now directly owns 4,717 shares in the company, valued at approximately $1,457,788.85. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Ulta Beauty (NASDAQ:ULTA)

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