Ulta Beauty (NASDAQ:ULTA – Free Report) had its price target reduced by Stifel Nicolaus from $565.00 to $475.00 in a research note released on Tuesday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the specialty retailer’s stock.
ULTA has been the topic of several other research reports. UBS Group lifted their price target on shares of Ulta Beauty from $575.00 to $690.00 and gave the stock a buy rating in a research report on Tuesday, March 5th. Robert W. Baird upped their target price on Ulta Beauty from $575.00 to $625.00 and gave the company an outperform rating in a report on Friday, March 15th. Deutsche Bank Aktiengesellschaft increased their price target on Ulta Beauty from $574.00 to $627.00 in a research report on Friday, March 15th. JPMorgan Chase & Co. upped their price objective on shares of Ulta Beauty from $535.00 to $600.00 and gave the company an overweight rating in a research note on Thursday, February 15th. Finally, Telsey Advisory Group reiterated an outperform rating and issued a $600.00 target price on shares of Ulta Beauty in a report on Friday, March 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Ulta Beauty has a consensus rating of Moderate Buy and a consensus price target of $539.55.
View Our Latest Stock Report on ULTA
Ulta Beauty Stock Down 0.6 %
Shares of Ulta Beauty stock opened at $401.68 on Tuesday. The business has a fifty day simple moving average of $467.44 and a 200-day simple moving average of $471.05. The firm has a market cap of $19.26 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 1.66 and a beta of 1.36. Ulta Beauty has a fifty-two week low of $368.02 and a fifty-two week high of $574.76.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last issued its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share for the quarter, beating analysts’ consensus estimates of $7.49 by $0.59. The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.53 billion. Ulta Beauty had a net margin of 11.52% and a return on equity of 61.64%. Ulta Beauty’s revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the company earned $6.68 EPS. Analysts anticipate that Ulta Beauty will post 26.48 earnings per share for the current fiscal year.
Ulta Beauty announced that its Board of Directors has approved a stock buyback plan on Thursday, March 14th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the specialty retailer to buy up to 7.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
Insider Activity at Ulta Beauty
In other Ulta Beauty news, COO Kecia Steelman sold 20,950 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $526.39, for a total value of $11,027,870.50. Following the completion of the sale, the chief operating officer now directly owns 10,494 shares of the company’s stock, valued at $5,523,936.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ulta Beauty news, COO Kecia Steelman sold 20,950 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $526.39, for a total value of $11,027,870.50. Following the completion of the sale, the chief operating officer now owns 10,494 shares of the company’s stock, valued at $5,523,936.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Catherine Ann Halligan sold 500 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $526.26, for a total value of $263,130.00. Following the transaction, the director now directly owns 1,665 shares in the company, valued at approximately $876,222.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,552 shares of company stock valued at $12,920,326. 0.39% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Ulta Beauty
Institutional investors have recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new position in Ulta Beauty in the 4th quarter valued at $25,000. Vima LLC bought a new stake in Ulta Beauty during the fourth quarter valued at about $27,000. Riverview Trust Co acquired a new stake in shares of Ulta Beauty in the first quarter valued at about $30,000. BKM Wealth Management LLC bought a new position in shares of Ulta Beauty in the fourth quarter worth about $28,000. Finally, Sound Income Strategies LLC lifted its position in shares of Ulta Beauty by 490.0% during the 1st quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.
About Ulta Beauty
Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.
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