Ulta Beauty (NASDAQ:ULTA) had its target price raised by Nomura from $215.00 to $230.00 in a report published on Friday morning, BenzingaRatingsTable reports. The brokerage currently has a reduce rating on the specialty retailer’s stock.
A number of other brokerages also recently issued reports on ULTA. Stifel Nicolaus dropped their price target on Ulta Beauty from $315.00 to $250.00 and set a hold rating for the company in a research report on Friday, August 30th. ValuEngine raised Ulta Beauty from a sell rating to a hold rating in a report on Wednesday, October 2nd. Atlantic Securities cut shares of Ulta Beauty from an overweight rating to a neutral rating and decreased their price objective for the stock from $390.00 to $250.00 in a research report on Friday, August 30th. Barclays lowered their target price on shares of Ulta Beauty from $251.00 to $220.00 and set an equal weight rating on the stock in a research note on Tuesday, December 3rd. Finally, Wolfe Research started coverage on shares of Ulta Beauty in a research note on Tuesday, October 8th. They issued a buy rating and a $288.00 price target for the company. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Ulta Beauty presently has a consensus rating of Hold and an average target price of $286.57.
Shares of NASDAQ:ULTA opened at $262.20 on Friday. The firm has a fifty day moving average price of $238.84 and a two-hundred day moving average price of $292.43. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.80 and a quick ratio of 0.57. Ulta Beauty has a one year low of $222.00 and a one year high of $368.83. The company has a market cap of $13.89 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 1.26 and a beta of 1.11.
In related news, Director Charles Heilbronn purchased 115,258 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were acquired at an average price of $236.41 per share, for a total transaction of $27,248,143.78. Following the completion of the acquisition, the director now directly owns 60,368 shares in the company, valued at approximately $14,271,598.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mary N. Dillon purchased 1,300 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was bought at an average price of $237.17 per share, for a total transaction of $308,321.00. Following the acquisition, the chief executive officer now owns 79,256 shares of the company’s stock, valued at $18,797,145.52. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 186,567 shares of company stock worth $44,964,903. Corporate insiders own 4.20% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Sterling Investment Advisors Ltd. purchased a new position in shares of Ulta Beauty during the third quarter valued at about $25,000. Commonwealth Bank of Australia boosted its stake in Ulta Beauty by 79.2% during the second quarter. Commonwealth Bank of Australia now owns 86 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 38 shares in the last quarter. San Francisco Sentry Investment Group CA grew its holdings in Ulta Beauty by 3,900.0% in the third quarter. San Francisco Sentry Investment Group CA now owns 120 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 117 shares during the period. Next Capital Management LLC lifted its holdings in shares of Ulta Beauty by 206.7% during the second quarter. Next Capital Management LLC now owns 92 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 62 shares during the last quarter. Finally, NEXT Financial Group Inc lifted its holdings in shares of Ulta Beauty by 42.0% during the second quarter. NEXT Financial Group Inc now owns 98 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 29 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.
Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.
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