Ulta Beauty (NASDAQ:ULTA) had its price objective lifted by UBS Group from $285.00 to $315.00 in a research report released on Friday morning, www.benzinga.com reports. They currently have a buy rating on the specialty retailer’s stock.
Several other equities research analysts have also recently weighed in on ULTA. Buckingham Research boosted their target price on Ulta Beauty from $270.00 to $300.00 and gave the stock a buy rating in a research note on Wednesday, May 30th. Robert W. Baird set a $290.00 price objective on Ulta Beauty and gave the company a buy rating in a research note on Wednesday, May 30th. Piper Jaffray Companies set a $268.00 price objective on Ulta Beauty and gave the company a buy rating in a research note on Tuesday, May 29th. Jefferies Financial Group set a $285.00 price objective on Ulta Beauty and gave the company a buy rating in a research note on Tuesday, May 29th. Finally, Zacks Investment Research upgraded Ulta Beauty from a hold rating to a buy rating and set a $280.00 price objective for the company in a research note on Wednesday, May 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Ulta Beauty has an average rating of Buy and a consensus target price of $266.72.
Shares of Ulta Beauty stock traded up $10.14 on Friday, reaching $285.80. 2,241,457 shares of the company were exchanged, compared to its average volume of 1,148,520. Ulta Beauty has a 1-year low of $187.96 and a 1-year high of $288.97. The company has a market cap of $16.48 billion, a PE ratio of 35.02, a P/E/G ratio of 1.37 and a beta of 0.73.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 30th. The specialty retailer reported $2.46 EPS for the quarter, topping 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 business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. analysts forecast that Ulta Beauty will post 10.84 EPS for the current year.
In other news, Director Charles J. Philippin sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $251.00, for a total transaction of $12,550,000.00. Following the completion of the sale, the director now owns 130,923 shares in the company, valued at $32,861,673. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey J. Childs sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $251.83, for a total value of $2,014,640.00. Following the sale, the insider now owns 13,534 shares of the company’s stock, valued at approximately $3,408,267.22. The disclosure for this sale can be found here. Insiders have sold 72,400 shares of company stock valued at $18,176,208 in the last 90 days. Company insiders own 5.60% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in ULTA. Huntington National Bank grew its holdings in Ulta Beauty by 120.0% during the second quarter. Huntington National Bank now owns 440 shares of the specialty retailer’s stock worth $103,000 after acquiring an additional 240 shares during the period. Altman Advisors Inc. grew its holdings in Ulta Beauty by 315.5% during the second quarter. Altman Advisors Inc. now owns 32,854 shares of the specialty retailer’s stock worth $142,000 after acquiring an additional 24,947 shares during the period. Piedmont Investment Advisors LLC acquired a new position in Ulta Beauty during the second quarter worth $151,000. Dupont Capital Management Corp acquired a new position in Ulta Beauty during the second quarter worth $162,000. Finally, Optimum Investment Advisors acquired a new position in Ulta Beauty during the first quarter worth $163,000. Institutional investors and hedge funds own 89.59% 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.
Recommended Story: Leveraged Buyout (LBO) Explained
Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.