Ulta Beauty (ULTA) Hits New 12-Month High After Earnings Beat

Share on StockTwits

Shares of Ulta Beauty Inc (NASDAQ:ULTA) reached a new 52-week high during trading on Friday following a better than expected earnings announcement. The stock traded as high as $345.24 and last traded at $340.93, with a volume of 72609 shares. The stock had previously closed at $312.51.

The specialty retailer reported $3.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.56 by $0.05. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.11 billion. Ulta Beauty had a return on equity of 33.75% and a net margin of 9.99%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.75 earnings per share.

Several research firms recently issued reports on ULTA. Nomura boosted their price objective on Ulta Beauty from $311.00 to $315.00 and gave the company a “neutral” rating in a report on Friday. Jefferies Financial Group boosted their price objective on Ulta Beauty from $335.00 to $357.00 and gave the company a “buy” rating in a report on Friday. Zacks Investment Research lowered shares of Ulta Beauty from a “hold” rating to a “sell” rating in a research note on Friday. Piper Jaffray Companies boosted their price target on shares of Ulta Beauty to $318.00 and gave the stock a “positive” rating in a research note on Thursday, March 7th. Finally, BMO Capital Markets boosted their price target on shares of Ulta Beauty from $280.00 to $325.00 and gave the stock a “market perform” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $306.25.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Securian Asset Management Inc raised its holdings in shares of Ulta Beauty by 0.6% in the 4th quarter. Securian Asset Management Inc now owns 5,971 shares of the specialty retailer’s stock valued at $1,462,000 after purchasing an additional 37 shares in the last quarter. Sigma Investment Counselors Inc. raised its stake in Ulta Beauty by 0.5% in the fourth quarter. Sigma Investment Counselors Inc. now owns 10,626 shares of the specialty retailer’s stock valued at $2,602,000 after buying an additional 52 shares in the last quarter. Bremer Trust National Association raised its stake in Ulta Beauty by 5.8% in the fourth quarter. Bremer Trust National Association now owns 1,033 shares of the specialty retailer’s stock valued at $252,000 after buying an additional 57 shares in the last quarter. Sigma Planning Corp raised its stake in Ulta Beauty by 3.7% in the fourth quarter. Sigma Planning Corp now owns 1,727 shares of the specialty retailer’s stock valued at $423,000 after buying an additional 61 shares in the last quarter. Finally, Telemus Capital LLC raised its stake in Ulta Beauty by 4.8% in the fourth quarter. Telemus Capital LLC now owns 1,462 shares of the specialty retailer’s stock valued at $358,000 after buying an additional 67 shares in the last quarter. Institutional investors own 89.72% of the company’s stock.

The company has a market cap of $18.47 billion, a price-to-earnings ratio of 41.47, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01.

ILLEGAL ACTIVITY NOTICE: “Ulta Beauty (ULTA) Hits New 12-Month High After Earnings Beat” was reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this piece can be viewed at https://www.tickerreport.com/banking-finance/4224857/ulta-beauty-ulta-hits-new-12-month-high-after-earnings-beat.html.

About Ulta Beauty (NASDAQ:ULTA)

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.

Recommended Story: Stock Split

Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Citigroup Cuts Magna International  Price Target to $62.00
Citigroup Cuts Magna International Price Target to $62.00
Investors Buy Large Volume of Put Options on Sumitomo Mitsui Financial Grp
Investors Buy Large Volume of Put Options on Sumitomo Mitsui Financial Grp
Baytex Energy  Trading Down 6.5%
Baytex Energy Trading Down 6.5%
CorePoint Lodging  Lifted to “Hold” at Zacks Investment Research
CorePoint Lodging Lifted to “Hold” at Zacks Investment Research
Conduent  vs. HMS  Critical Review
Conduent vs. HMS Critical Review
Arco Platform Ltd  Given Consensus Rating of “Strong Buy” by Brokerages
Arco Platform Ltd Given Consensus Rating of “Strong Buy” by Brokerages


© 2006-2019 Ticker Report