Beauty

Ulta Magnificence (NASDAQ:ULTA) Worth Goal Lowered to $500.00 at BMO Capital Markets



Ulta Beauty (NASDAQ:ULTAFree Report) had its price target lowered by BMO Capital Markets from $540.00 to $500.00 in a report published on Friday, Benzinga reports. The brokerage currently has a market perform rating on the specialty retailer’s stock.

A number of other equities analysts have also recently weighed in on ULTA. Raymond James reduced their price target on shares of Ulta Beauty from $630.00 to $610.00 and set a strong-buy rating on the stock in a research report on Wednesday, April 3rd. Stifel Nicolaus reduced their target price on Ulta Beauty from $565.00 to $475.00 and set a hold rating on the stock in a report on Tuesday, May 14th. Barclays downgraded Ulta Beauty from an overweight rating to an equal weight rating and lowered their price target for the stock from $612.00 to $434.00 in a report on Monday, April 29th. Robert W. Baird cut their price objective on Ulta Beauty from $625.00 to $525.00 and set an outperform rating on the stock in a report on Wednesday. Finally, Evercore ISI lowered their target price on Ulta Beauty from $630.00 to $500.00 and set an outperform rating for the company in a research note on Friday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Ulta Beauty presently has a consensus rating of Moderate Buy and an average price target of $507.30.

Read Our Latest Report on Ulta Beauty

Ulta Beauty Trading Up 2.5 %

NASDAQ ULTA opened at $395.09 on Friday. Ulta Beauty has a 12 month low of $368.02 and a 12 month high of $574.76. The stock has a 50-day simple moving average of $424.32 and a 200 day simple moving average of $470.11. The company has a market capitalization of $18.94 billion, a PE ratio of 15.41, a P/E/G ratio of 1.63 and a beta of 1.36.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last announced its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $6.47 EPS for the quarter, beating analysts’ consensus estimates of $6.19 by $0.28. The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Ulta Beauty had a return on equity of 59.30% and a net margin of 11.13%. Ulta Beauty’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $6.88 EPS. As a group, sell-side analysts predict that Ulta Beauty will post 26.22 earnings per share for the current fiscal year.

Ulta Beauty declared that its board has authorized a share buyback plan on Thursday, March 14th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the specialty retailer to purchase up to 7.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, insider Anita Jane Ryan sold 3,102 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $525.25, for a total value of $1,629,325.50. Following the completion of the sale, the insider now owns 2,705 shares of the company’s stock, valued at approximately $1,420,801.25. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Anita Jane Ryan sold 3,102 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $525.25, for a total value of $1,629,325.50. Following the sale, the insider now directly owns 2,705 shares of the company’s stock, valued at approximately $1,420,801.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Catherine Ann Halligan sold 500 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $526.26, for a total transaction of $263,130.00. Following the completion of the sale, the director now owns 1,665 shares of the company’s stock, valued at $876,222.90. The disclosure for this sale can be found here. Insiders have sold 24,552 shares of company stock valued at $12,920,326 in the last 90 days. 0.39% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Morgan Stanley grew its stake in Ulta Beauty by 56.7% in the 3rd quarter. Morgan Stanley now owns 1,538,533 shares of the specialty retailer’s stock valued at $614,568,000 after buying an additional 556,809 shares during the last quarter. Norges Bank acquired a new stake in shares of Ulta Beauty during the fourth quarter worth $263,192,000. Global Assets Advisory LLC bought a new stake in shares of Ulta Beauty in the first quarter valued at about $176,753,000. International Assets Investment Management LLC grew its stake in shares of Ulta Beauty by 45,740.3% in the fourth quarter. International Assets Investment Management LLC now owns 291,544 shares of the specialty retailer’s stock valued at $142,854,000 after acquiring an additional 290,908 shares in the last quarter. Finally, TD Asset Management Inc increased its position in Ulta Beauty by 177.8% during the fourth quarter. TD Asset Management Inc now owns 407,347 shares of the specialty retailer’s stock worth $199,596,000 after acquiring an additional 260,740 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Company Profile

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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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