Investment Analysts’ Weekly Ratings Updates for Ulta Beauty (ULTA)

A number of firms have modified their ratings and price targets on shares of Ulta Beauty (NASDAQ: ULTA) recently:

  • 8/1/2019 – Ulta Beauty was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/25/2019 – Ulta Beauty had its price target raised by analysts at UBS Group AG from $370.00 to $390.00. They now have a “top pick” rating on the stock.
  • 7/23/2019 – Ulta Beauty was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/18/2019 – Ulta Beauty had its price target raised by analysts at Morgan Stanley from $375.00 to $395.00. They now have an “overweight” rating on the stock.

ULTA traded up $3.40 during trading on Wednesday, reaching $343.68. 673,640 shares of the company’s stock were exchanged, compared to its average volume of 743,965. Ulta Beauty Inc has a fifty-two week low of $224.43 and a fifty-two week high of $368.83. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.93 and a quick ratio of 0.74. The firm has a 50 day moving average of $349.52. The company has a market cap of $19.70 billion, a P/E ratio of 31.68, a P/E/G ratio of 1.43 and a beta of 0.96.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $3.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.06 by $0.02. Ulta Beauty had a net margin of 9.92% and a return on equity of 36.48%. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the company earned $2.70 earnings per share. The business’s revenue was up 12.9% compared to the same quarter last year. Sell-side analysts anticipate that Ulta Beauty Inc will post 12.77 earnings per share for the current fiscal year.

In other Ulta Beauty news, Director Sally E. Blount sold 315 shares of Ulta Beauty stock in a transaction on Friday, June 21st. The stock was sold at an average price of $359.28, for a total transaction of $113,173.20. Following the completion of the transaction, the director now directly owns 989 shares of the company’s stock, valued at $355,327.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lorna Nagler sold 2,000 shares of Ulta Beauty stock in a transaction on Friday, June 14th. The shares were sold at an average price of $354.03, for a total value of $708,060.00. Following the transaction, the director now directly owns 8,368 shares of the company’s stock, valued at $2,962,523.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,715 shares of company stock valued at $958,441. Company insiders own 4.20% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Shaker Investments LLC OH raised its holdings in shares of Ulta Beauty by 3.0% in the second quarter. Shaker Investments LLC OH now owns 7,659 shares of the specialty retailer’s stock valued at $2,657,000 after buying an additional 224 shares during the last quarter. PCJ Investment Counsel Ltd. increased its position in Ulta Beauty by 52.2% in the second quarter. PCJ Investment Counsel Ltd. now owns 3,500 shares of the specialty retailer’s stock worth $1,214,000 after purchasing an additional 1,200 shares during the period. Commerce Bank acquired a new stake in Ulta Beauty in the second quarter worth about $306,000. Connor Clark & Lunn Investment Management Ltd. increased its position in Ulta Beauty by 27.8% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,875 shares of the specialty retailer’s stock worth $997,000 after purchasing an additional 625 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its position in Ulta Beauty by 14.5% in the second quarter. Creative Financial Designs Inc. ADV now owns 560 shares of the specialty retailer’s stock worth $198,000 after purchasing an additional 71 shares during the period. 88.31% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.

See Also: Hold Rating

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