BMO Capital Markets set a $280.00 target price on Ulta Beauty (NASDAQ:ULTA) in a report published on Friday morning, Marketbeat.com reports. The firm currently has a hold rating on the specialty retailer’s stock.
A number of other research firms have also commented on ULTA. Zacks Investment Research reiterated a buy rating and issued a $316.00 price target on shares of Ulta Beauty in a research report on Saturday, November 17th. Deutsche Bank set a $263.00 price target on Ulta Beauty and gave the company a buy rating in a research report on Friday, November 2nd. BidaskClub lowered Ulta Beauty from a strong-buy rating to a buy rating in a research report on Wednesday, November 28th. OTR Global upgraded Ulta Beauty to a positive rating in a research report on Thursday, November 29th. Finally, Morgan Stanley upped their target price on Ulta Beauty from $280.00 to $300.00 and gave the company an overweight rating in a research report on Thursday, October 11th. Eight equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $286.96.
Shares of NASDAQ ULTA traded down $38.45 during trading on Friday, reaching $254.47. The company had a trading volume of 4,225,348 shares, compared to its average volume of 1,026,716. Ulta Beauty has a 12 month low of $191.70 and a 12 month high of $322.49. The firm has a market capitalization of $17.51 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 1.47 and a beta of 0.63.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, December 6th. The specialty retailer reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.02. Ulta Beauty had a return on equity of 33.96% and a net margin of 9.99%. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the previous year, the company posted $1.69 EPS. The business’s revenue was up 16.2% on a year-over-year basis. On average, analysts forecast that Ulta Beauty will post 10.84 earnings per share for the current year.
In other Ulta Beauty news, Director Dennis K. Eck sold 35,000 shares of the stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $287.15, for a total value of $10,050,250.00. Following the transaction, the director now owns 361,294 shares in the company, valued at $103,745,572.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Catherine Ann Halligan sold 129 shares of the stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $281.50, for a total value of $36,313.50. Following the completion of the transaction, the director now owns 3,628 shares in the company, valued at approximately $1,021,282. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,407 shares of company stock worth $19,028,318. 5.60% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the business. Rational Advisors LLC boosted its holdings in Ulta Beauty by 539.7% in the third quarter. Rational Advisors LLC now owns 371 shares of the specialty retailer’s stock worth $105,000 after acquiring an additional 313 shares in the last quarter. One Wealth Advisors LLC bought a new position in Ulta Beauty in the third quarter worth approximately $112,000. Piedmont Investment Advisors LLC bought a new position in Ulta Beauty in the second quarter worth approximately $151,000. Stratos Wealth Partners LTD. bought a new position in Ulta Beauty in the third quarter worth approximately $151,000. Finally, Dupont Capital Management Corp bought a new position in Ulta Beauty in the second quarter worth approximately $162,000. Institutional investors and hedge funds own 89.10% of the company’s stock.
About Ulta Beauty
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.
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