Traders Sell Shares of Ulta Beauty (ULTA) on Strength (ULTA)

Traders sold shares of Ulta Beauty (NASDAQ:ULTA) on strength during trading hours on Friday. $61.50 million flowed into the stock on the tick-up and $76.59 million flowed out of the stock on the tick-down, for a money net flow of $15.09 million out of the stock. Of all companies tracked, Ulta Beauty had the 0th highest net out-flow for the day. Ulta Beauty traded up $1.34 for the day and closed at $208.26

Several research firms recently commented on ULTA. Vetr upgraded Ulta Beauty from a “buy” rating to a “strong-buy” rating and set a $237.11 target price for the company in a research report on Monday. Piper Jaffray set a $212.00 target price on Ulta Beauty and gave the stock a “hold” rating in a research report on Thursday, March 15th. Zacks Investment Research upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $246.00 target price for the company in a research report on Monday, February 5th. Wolfe Research reduced their target price on Ulta Beauty from $267.00 to $236.00 and set an “outperform” rating for the company in a research report on Monday, March 12th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $260.00 target price (down from $300.00) on shares of Ulta Beauty in a research report on Friday, March 16th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $251.01.

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The firm has a market capitalization of $12,541.70, a PE ratio of 25.52, a PEG ratio of 1.07 and a beta of 0.68.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, March 15th. The specialty retailer reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.77 by ($0.02). The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Ulta Beauty had a net margin of 9.44% and a return on equity of 30.40%. The company’s revenue was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.24 earnings per share. analysts anticipate that Ulta Beauty will post 10.74 earnings per share for the current fiscal year.

Ulta Beauty announced that its Board of Directors has authorized a stock repurchase plan on Thursday, March 15th that authorizes the company to buyback $625.00 million in shares. This buyback authorization authorizes the specialty retailer to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Hedge funds have recently modified their holdings of the stock. First Manhattan Co. purchased a new stake in Ulta Beauty during the 4th quarter valued at about $62,331,000. Parametric Portfolio Associates LLC boosted its holdings in Ulta Beauty by 31.3% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 198,278 shares of the specialty retailer’s stock valued at $44,823,000 after acquiring an additional 47,253 shares during the period. First American Trust FSB purchased a new stake in Ulta Beauty during the 4th quarter valued at about $2,869,000. Jennison Associates LLC boosted its holdings in Ulta Beauty by 12.1% during the 4th quarter. Jennison Associates LLC now owns 721,677 shares of the specialty retailer’s stock valued at $161,410,000 after acquiring an additional 77,742 shares during the period. Finally, Eaton Vance Management boosted its holdings in Ulta Beauty by 48.3% during the 4th quarter. Eaton Vance Management now owns 133,477 shares of the specialty retailer’s stock valued at $29,853,000 after acquiring an additional 43,459 shares during the period. Institutional investors own 91.98% of the company’s stock.

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Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores provide cosmetics, fragrance, skincare, haircare, bath and body products, and salon styling tools, as well as others, including nail products and accessories. It offers private label products consisting of Ulta Beauty Collection branded cosmetics, skincare, and bath products.

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