Ulta Beauty (NASDAQ:ULTA) had its target price upped by JPMorgan Chase & Co. from $317.00 to $326.00 in a research note issued to investors on Friday, The Fly reports. JPMorgan Chase & Co. currently has an overweight rating on the specialty retailer’s stock.
ULTA has been the subject of a number of other reports. Robert W. Baird set a $315.00 price target on Ulta Beauty and gave the company a buy rating in a research note on Tuesday, September 17th. Morgan Stanley downgraded Ulta Beauty from an overweight rating to an equal weight rating and dropped their price objective for the stock from $395.00 to $275.00 in a research note on Friday, August 30th. Goldman Sachs Group assumed coverage on Ulta Beauty in a report on Thursday, October 3rd. They issued a neutral rating and a $276.00 price objective for the company. William Blair reaffirmed a buy rating on shares of Ulta Beauty in a research note on Friday, November 22nd. Finally, Barclays decreased their target price on Ulta Beauty from $251.00 to $220.00 and set an equal weight rating for the company in a research note on Tuesday, December 3rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $286.57.
ULTA stock opened at $262.20 on Friday. The firm’s 50-day moving average is $238.84 and its two-hundred day moving average is $292.43. The company has a market capitalization of $13.89 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 1.26 and a beta of 1.11. Ulta Beauty has a 52 week low of $222.00 and a 52 week high of $368.83. The company has a current ratio of 1.80, a quick ratio of 0.57 and a debt-to-equity ratio of 0.92.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $2.25 EPS for the quarter, beating the Zacks’ consensus estimate of $2.13 by $0.12. Ulta Beauty had a net margin of 9.67% and a return on equity of 36.81%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the business earned $2.18 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities research analysts predict that Ulta Beauty will post 11.8 earnings per share for the current year.
In other news, CEO Mary N. Dillon bought 1,300 shares of the stock in a transaction on Thursday, September 26th. The shares were purchased at an average price of $237.17 per share, for a total transaction of $308,321.00. Following the completion of the purchase, the chief executive officer now directly owns 79,256 shares of the company’s stock, valued at approximately $18,797,145.52. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Charles Heilbronn bought 115,258 shares of the stock in a transaction on Thursday, September 26th. The stock was purchased at an average price of $236.41 per share, for a total transaction of $27,248,143.78. Following the purchase, the director now directly owns 60,368 shares of the company’s stock, valued at $14,271,598.88. The disclosure for this purchase can be found here. Insiders have bought 186,567 shares of company stock worth $44,964,903 in the last quarter. 4.20% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of ULTA. NEXT Financial Group Inc increased its stake in shares of Ulta Beauty by 42.0% during the 2nd quarter. NEXT Financial Group Inc now owns 98 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 29 shares during the last quarter. BancorpSouth Bank lifted its stake in shares of Ulta Beauty by 2.6% in the 2nd quarter. BancorpSouth Bank now owns 1,226 shares of the specialty retailer’s stock valued at $426,000 after purchasing an additional 31 shares during the last quarter. Commonwealth Bank of Australia lifted its stake in shares of Ulta Beauty by 79.2% in the 2nd quarter. Commonwealth Bank of Australia now owns 86 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 38 shares during the last quarter. Advantage Investment Management LLC lifted its stake in shares of Ulta Beauty by 67.1% in the 2nd quarter. Advantage Investment Management LLC now owns 117 shares of the specialty retailer’s stock valued at $41,000 after purchasing an additional 47 shares during the last quarter. Finally, Biondo Investment Advisors LLC boosted its holdings in Ulta Beauty by 2.6% in the second quarter. Biondo Investment Advisors LLC now owns 1,980 shares of the specialty retailer’s stock worth $687,000 after purchasing an additional 50 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.
About Ulta Beauty
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.
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