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Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) has earned an average recommendation of “Moderate Buy” from the twenty-six research firms that are currently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $478.70.
Several brokerages recently issued reports on ULTA. JPMorgan Chase & Co. boosted their price objective on shares of Ulta Beauty from $460.00 to $480.00 in a report on Friday, May 27th. Stifel Nicolaus boosted their price objective on shares of Ulta Beauty from $435.00 to $450.00 and gave the company a “hold” rating in a report on Friday, August 26th. Robert W. Baird boosted their price objective on shares of Ulta Beauty from $480.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, August 26th. StockNews.com upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating in a report on Monday. Finally, Jefferies Financial Group upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and boosted their price objective for the company from $400.00 to $475.00 in a report on Friday, May 27th.
Insider Transactions at Ulta Beauty
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In other news, Director George R. Mrkonic, Jr. sold 476 shares of the business’s stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $391.84, for a total transaction of $186,515.84. Following the completion of the transaction, the director now directly owns 2,393 shares of the company’s stock, valued at $937,673.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.00% of the company’s stock.
Hedge Funds Weigh In On Ulta Beauty
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust boosted its holdings in Ulta Beauty by 59.1% in the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 26 shares in the last quarter. Private Capital Group LLC boosted its holdings in Ulta Beauty by 265.0% in the second quarter. Private Capital Group LLC now owns 73 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 53 shares in the last quarter. Bank of New Hampshire purchased a new stake in Ulta Beauty in the first quarter valued at approximately $29,000. CoreCap Advisors LLC purchased a new stake in Ulta Beauty in the second quarter valued at approximately $33,000. Finally, WD Rutherford LLC lifted its stake in Ulta Beauty by 100.0% in the first quarter. WD Rutherford LLC now owns 90 shares of the specialty retaile r’s stock valued at $36,000 after buying an additional 45 shares during the last quarter. 89.20% of the stock is owned by institutional investors and hedge funds.
Ulta Beauty Stock Up 3.8%
NASDAQ ULTA opened at $444.01 on Thursday. Ulta Beauty has a 52 week low of $330.80 and a 52 week high of $445.63. The business’s fifty day simple moving average is $397.91 and its 200-day simple moving average is $394.26. The firm has a market cap of $22.74 billion, a PE ratio of 20.80, a P/E/G ratio of 1.67 and a beta of 1.39.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last posted its quarterly earnings results on Thursday, August 25th. The specialty retailer reported $5.70 EPS for the quarter, topping the consensus estimate of $5.00 by $0.70. Ulta Beauty had a return on equity of 64.33 % and a net margin of 12.08%. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the previous year, the firm earned $4.56 EPS. The company’s quarterly revenue was up 16.8 % compared to the same quarter last year. Research analysts expect that Ulta Beauty will post 21.36 EPS for the current year.
Ulta Beauty Company Profile
(Get Rating)
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 nail services.
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