Shares of Ulta Beauty, Inc. (NASDAQ:ULTA) have received an average recommendation of “Buy” from the twenty-five research firms that are currently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $341.18.
Several equities analysts recently commented on the company. Argus upped their target price on Ulta Beauty from $295.00 to $355.00 and gave the company a “buy” rating in a research note on Tuesday, March 16th. DA Davidson upped their price target on Ulta Beauty from $361.00 to $376.00 and gave the stock a “buy” rating in a research note on Friday, May 28th. Credit Suisse Group upped their price target on Ulta Beauty from $308.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, March 12th. Loop Capital upped their price target on Ulta Beauty from $320.00 to $340.00 and gave the stock a “hold” rating in a research note on Friday, May 28th. Finally, Morgan Stanley upped their price target on Ulta Beauty from $330.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 1st.
NASDAQ ULTA opened at $343.65 on Friday. Ulta Beauty has a fifty-two week low of $186.98 and a fifty-two week high of $356.31. The firm has a market capitalization of $18.82 billion, a PE ratio of 40.01, a price-to-earnings-growth ratio of 1.70 and a beta of 1.71. The business has a fifty day moving average of $332.36.
Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Wednesday, May 26th. The specialty retailer reported $4.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $2.18. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.64 billion. Ulta Beauty had a return on equity of 29.86% and a net margin of 7.01%. The business’s quarterly revenue was up 65.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.39) earnings per share. As a group, research analysts forecast that Ulta Beauty will post 12.17 earnings per share for the current fiscal year.
In other Ulta Beauty news, insider Jeffrey J. Childs sold 4,863 shares of the stock in a transaction that occurred on Thursday, June 3rd. The stock was sold at an average price of $334.30, for a total transaction of $1,625,700.90. Following the transaction, the insider now owns 10,265 shares of the company’s stock, valued at approximately $3,431,589.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Charles Heilbronn sold 85,430 shares of the stock in a transaction that occurred on Monday, April 12th. The stock was sold at an average price of $326.71, for a total value of $27,910,835.30. Following the transaction, the director now directly owns 60,963 shares in the company, valued at approximately $19,917,221.73. The disclosure for this sale can be found here. Insiders sold 187,948 shares of company stock valued at $61,475,666 in the last three months. 3.10% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. Amundi Pioneer Asset Management Inc. raised its position in shares of Ulta Beauty by 276.0% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 807,092 shares of the specialty retailer’s stock worth $231,766,000 after purchasing an additional 592,461 shares during the period. Artisan Partners Limited Partnership acquired a new stake in shares of Ulta Beauty during the 1st quarter worth approximately $172,032,000. Norges Bank acquired a new stake in shares of Ulta Beauty during the 4th quarter worth approximately $153,942,000. Select Equity Group L.P. raised its position in shares of Ulta Beauty by 15.8% during the 1st quarter. Select Equity Group L.P. now owns 2,363,712 shares of the specialty retailer’s stock worth $730,789,000 after purchasing an additional 322,320 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Ulta Beauty by 1,191.3% during the 1st quarter. Renaissance Technologies LLC now owns 268,600 shares of the specialty retailer’s stock worth $83,043,000 after purchasing an additional 247,800 shares during the period. 90.14% of the stock is currently owned by institutional investors.
Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company’s stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.
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