Shares of Ulta Beauty, Inc. (NASDAQ: ULTA – Get Rating) received an average “Buy” recommendation from the twenty-four rating companies currently covering the stock, according to MarketBeat Ratings. Ten investment analysts rated the stock with a hold rating and twelve assigned the company a buy rating. The 12-month average price target among brokers who have published a report on the stock over the past year is $ 446.64.
Several analysts have recently weighed in on ULTA shares. Credit Suisse Group reissued a “buy” rating and set a price target of $ 455.00 on Ulta Beauty shares in a report on Friday, March 11. Zacks Investment Research downgraded Ulta Beauty from a “strong-buy” rating to a “hold” rating and set a price target of $ 391.00 on the stock. in a report on Wednesday 2 February. Deutsche Bank Aktiengesellschaft raised its price target on Ulta Beauty from $ 512.00 to $ 522.00 and assigned the stock a “buy” rating in a report on Friday 11 March. Robert W. Baird reduced Ulta Beauty’s price target from $ 480.00 to $ 450.00 in a report on Friday, March 11. Finally, Raymond James reduced his price target on Ulta Beauty from $ 485.00 to $ 450.00 and established an “outperform” rating on the stock in a report on Wednesday, Jan. 26.
NASDAQ ULTA is trading up $ 0.15 during Monday’s trading, reaching $ 415.65. The company’s shares had a trading volume of 552,421 shares, compared to its average volume of 594,245. The company has a 50-day moving average price of $ 383.35 and a 200-day moving average price of $ 384.16. The company has a market capitalization of $ 21.75 billion, a P / E ratio of 23.08, a price / earnings-growth ratio of 2.18, and a beta of 1.65. Ulta Beauty has a 52-week low of $ 299.77 and a 52-week high of $ 422.43.
Ulta Beauty (NASDAQ: ULTA – Get Rating) last released its quarterly earnings results on Thursday, March 10. The specialty retailer posted EPS of $ 5.41 for the quarter, outperforming Thomson Reuters’ consensus estimate of $ 4.56 by $ 0.85. The company reported revenue of $ 2.73 billion for the quarter, compared with the consensus estimate of $ 2.69 billion. Ulta Beauty had a return on equity of 54.42% and a net margin of 11.42%. The company’s revenue for the quarter increased 24.1% year-on-year. In the same period last year, the company posted an EPS of $ 3.41. As a group, analysts expect Ulta Beauty to post 18.54 earnings per share for the current year.
In other news from Ulta Beauty, insider Jodi J. Caro sold 5,340 shares of the company in a transaction on Wednesday, March 16. The stock sold at an average price of $ 384.54, for a total value of $ 2,053,443.60. The transaction was disclosed in a document filed with the SEC, available at this link. 3.10% of the shares are currently owned by insiders.
Several hedge funds have recently increased or decreased their holdings in ULTA. MUFG Americas Holdings Corp increased its position in Ulta Beauty shares by 536.4% during the third quarter. MUFG Americas Holdings Corp now owns 70 shares of the specialty retailer worth $ 25,000 after acquiring an additional 59 shares in the last quarter. Dixon Hughes Goodman Wealth Advisors LLC acquired a new equity interest in Ulta Beauty during the fourth quarter valued at $ 25,000. North Star Investment Management Corp. acquired a new equity interest in Ulta Beauty during the fourth quarter for a value of $ 27,000. Lumature Wealth Partners LLC acquired a new equity interest in Ulta Beauty during the third quarter valued at $ 29,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in Ulta Beauty shares by 525.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 75 shares of the specialty retailer worth $ 31,000 after acquiring an additional 63 shares in the last quarter. Institutional investors own 88.92% of the company’s shares.
Ulta Beauty company profile (Get evaluation)
Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company’s stores offer cosmetics, fragrances, skin and hair care products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, make-up and eyebrows; and nail services.
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