Ulta Beauty Inc (ULTA) Receives Average Recommendation of “Buy” from Brokerages

Ulta Beauty Inc (NASDAQ:ULTA) has earned a consensus rating of “Buy” from the twenty-nine research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, twenty have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $270.79.

A number of equities research analysts have weighed in on ULTA shares. BidaskClub upgraded Ulta Beauty from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Zacks Investment Research cut Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Thursday, July 19th. Morgan Stanley upped their price target on Ulta Beauty from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, October 11th. ValuEngine upgraded Ulta Beauty from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 10th. Finally, UBS Group cut their price target on Ulta Beauty from $290.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, August 31st.

NASDAQ ULTA traded up $0.43 on Friday, reaching $273.87. The stock had a trading volume of 40,173 shares, compared to its average volume of 791,447. Ulta Beauty has a 12-month low of $191.70 and a 12-month high of $290.30. The stock has a market cap of $16.85 billion, a P/E ratio of 33.56, a P/E/G ratio of 1.40 and a beta of 0.64.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 30th. The specialty retailer reported $2.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.41 by $0.05. Ulta Beauty had a return on equity of 33.29% and a net margin of 9.91%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Equities analysts predict that Ulta Beauty will post 10.84 EPS for the current year.

In other Ulta Beauty news, Director Dennis K. Eck sold 35,000 shares of the stock in a transaction 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 completion of the transaction, the director now owns 361,294 shares in the company, valued at $103,745,572.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lorna Nagler sold 2,000 shares of the stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $276.19, for a total value of $552,380.00. Following the completion of the transaction, the director now owns 7,923 shares of the company’s stock, valued at approximately $2,188,253.37. The disclosure for this sale can be found here. Insiders sold 68,407 shares of company stock valued at $19,580,698 in the last quarter. 5.60% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in ULTA. Wells Fargo & Company MN boosted its stake in shares of Ulta Beauty by 4.1% during the second quarter. Wells Fargo & Company MN now owns 743,233 shares of the specialty retailer’s stock valued at $173,515,000 after acquiring an additional 29,590 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Ulta Beauty by 13.6% during the second quarter. IFP Advisors Inc now owns 3,155 shares of the specialty retailer’s stock valued at $737,000 after acquiring an additional 377 shares during the last quarter. Capital One National Association acquired a new stake in shares of Ulta Beauty during the second quarter valued at $205,000. Atria Investments LLC acquired a new stake in shares of Ulta Beauty during the second quarter valued at $1,567,000. Finally, Emerald Advisers Inc. PA acquired a new stake in shares of Ulta Beauty during the second quarter valued at $1,141,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Ulta Beauty Company Profile

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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Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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