Ulta Beauty (NASDAQ:ULTA) Downgraded to “Hold” at StockNews.com
StockNews.com lowered shares of Ulta Beauty (NASDAQ:ULTA – Get Rating) from a buy rating to a hold rating in a research note published on Monday.
Other equities analysts have also issued research reports about the company. Citigroup upped their price objective on Ulta Beauty from $393.00 to $425.00 and gave the stock a neutral rating in a research note on Tuesday, May 31st. Credit Suisse Group upped their price objective on Ulta Beauty from $475.00 to $485.00 and gave the stock an outperform rating in a research note on Wednesday, June 15th. Oppenheimer upped their price objective on Ulta Beauty from $470.00 to $485.00 and gave the stock an outperform rating in a research note on Friday, May 27th. Deutsche Bank Aktiengesellschaft dropped their price target on Ulta Beauty from $522.00 to $466.00 in a research note on Wednesday, May 25th. Finally, Jefferies Financial Group raised Ulta Beauty from a hold rating to a buy rating and increased their price target for the company from $400.00 to $475.00 in a research note on Friday, May 27th. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Ulta Beauty has a consensus rating of Moderate Buy and an average target price of $460.05.
Ulta Beauty Stock Performance
Ulta Beauty stock opened at $401.26 on Monday. The stock has a fifty day moving average of $392.58 and a 200 day moving average of $387.06. Ulta Beauty has a one year low of $329.48 and a one year high of $438.63. The stock has a market cap of $20.79 billion, a PE ratio of 19.85, a price-to-earnings-growth ratio of 1.90 and a beta of 1.50.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last released its quarterly earnings results on Thursday, May 26th. The specialty retailer reported $6.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.44 by $1.86. Ulta Beauty had a return on equity of 60.83% and a net margin of 12.03%. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the previous year, the company posted $4.10 earnings per share. Ulta Beauty’s revenue for the quarter was up 21.0% on a year-over-year basis. As a group, sell-side analysts predict that Ulta Beauty will post 20.08 EPS for the current fiscal year.
Insider Transactions at Ulta Beauty
In other news, Director George R. Mrkonic, Jr. sold 476 shares of the stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $391.84, for a total value of $186,515.84. Following the sale, the director now directly owns 2,393 shares in the company, valued at $937,673.12. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Ulta Beauty news, COO Kecia Steelman sold 13,199 shares of the firm’s stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $405.02, for a total transaction of $5,345,858.98. Following the transaction, the chief operating officer now directly owns 16,627 shares in the company, valued at approximately $6,734,267.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George R. Mrkonic, Jr. sold 476 shares of the firm’s stock in a transaction on Monday, June 13th. The stock was sold at an average price of $391.84, for a total value of $186,515.84. Following the transaction, the director now owns 2,393 shares in the company, valued at $937,673.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,207 shares of company stock worth $19,411,502. 2.00% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Dixon Hughes Goodman Wealth Advisors LLC bought a new stake in Ulta Beauty during the 4th quarter valued at $25,000. North Star Investment Management Corp. bought a new stake in Ulta Beauty during the 4th quarter valued at $27,000. Parkside Financial Bank & Trust boosted its position in Ulta Beauty by 59.1% during the 1st quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 26 shares in the last quarter. Bank of New Hampshire bought a new stake in Ulta Beauty during the 1st quarter valued at $29,000. Finally, WD Rutherford LLC boosted its position in Ulta Beauty by 100.0% during the 1st quarter. WD Rutherford LLC now owns 90 shares of the specialty retailer’s stock valued at $36,000 after acquiring an additional 45 shares in the last quarter. 89.20% of the stock is currently owned by hedge funds and other institutional investors.
Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company’s stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services.
Further Reading
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