Ulta Beauty (NASDAQ:ULTA) has been given a $312.00 target price by equities researchers at Piper Jaffray Companies in a report issued on Thursday, The Fly reports. The firm presently has a “buy” rating on the specialty retailer’s stock. Piper Jaffray Companies’ target price would indicate a potential upside of 1.26% from the stock’s current price. Piper Jaffray Companies also issued estimates for Ulta Beauty’s Q3 2019 earnings at $2.16 EPS, Q1 2020 earnings at $3.17 EPS, Q2 2020 earnings at $2.98 EPS, Q3 2020 earnings at $2.59 EPS, Q1 2021 earnings at $3.67 EPS, Q2 2021 earnings at $3.46 EPS and Q3 2021 earnings at $3.02 EPS.
Several other equities analysts have also recently commented on ULTA. BidaskClub raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Thursday, July 12th. Zacks Investment Research raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $286.00 price target for the company in a research report on Tuesday, July 17th. Jefferies Financial Group set a $285.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Monday, July 30th. Wells Fargo & Co set a $278.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Monday, August 20th. Finally, OTR Global cut shares of Ulta Beauty to a “positive” rating in a research report on Wednesday, August 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $280.40.
Shares of ULTA stock opened at $308.12 on Thursday. Ulta Beauty has a 52 week low of $191.70 and a 52 week high of $312.20. The company has a market capitalization of $17.36 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 1.45 and a beta of 0.60.
In related news, Director Catherine Ann Halligan sold 129 shares of Ulta Beauty stock in a transaction on Monday, September 17th. The shares were sold at an average price of $281.50, for a total transaction of $36,313.50. Following the sale, the director now directly owns 3,628 shares in the company, valued at approximately $1,021,282. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dennis K. Eck sold 35,000 shares of Ulta Beauty stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $287.15, for a total transaction of $10,050,250.00. Following the sale, the director now owns 361,294 shares in the company, valued at $103,745,572.10. The disclosure for this sale can be found here. Insiders sold a total of 68,407 shares of company stock worth $19,580,698 over the last 90 days. Company insiders own 5.60% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Huntington National Bank raised its stake in Ulta Beauty by 120.0% during the 2nd quarter. Huntington National Bank now owns 440 shares of the specialty retailer’s stock worth $103,000 after acquiring an additional 240 shares in the last quarter. Rational Advisors LLC raised its stake in Ulta Beauty by 539.7% during the 3rd quarter. Rational Advisors LLC now owns 371 shares of the specialty retailer’s stock worth $105,000 after acquiring an additional 313 shares in the last quarter. Altman Advisors Inc. raised its stake in Ulta Beauty by 315.5% during the 2nd quarter. Altman Advisors Inc. now owns 32,854 shares of the specialty retailer’s stock worth $142,000 after acquiring an additional 24,947 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in Ulta Beauty during the 2nd quarter worth $151,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in Ulta Beauty during the 3rd quarter worth $151,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.
Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.
See Also: Cash Flow
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