Ulta Beauty (NASDAQ:ULTA – Get Rating) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.
ULTA has been the subject of several other research reports. Piper Sandler raised their price target on shares of Ulta Beauty from $485.00 to $510.00 and gave the company an “overweight” rating in a research report on Friday, August 26th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Ulta Beauty from $548.00 to $563.00 and gave the stock a “buy” rating in a research report on Wednesday, August 24th. Raymond James lifted their price objective on shares of Ulta Beauty from $485.00 to $505.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 26th. Telsey Advisory Group lifted their price objective on shares of Ulta Beauty from $475.00 to $510.00 and gave the stock an “outperform” rating in a research report on Friday, August 26th. Finally, William Blair initiated coverage on shares of Ulta Beauty in a research report on Friday, August 26th. They set an “outperform” rating for the company. Five investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $488.33.
Ulta Beauty Stock Up 2.0 %
ULTA stock traded up $8.89 during midday trading on Monday, hitting $457.24. The company’s stock had a trading volume of 897,668 shares, compared to its average volume of 785,407. Ulta Beauty has a 52-week low of $330.80 and a 52-week high of $461.57. The firm has a market capitalization of $23.42 billion, a P/E ratio of 21.42, a PEG ratio of 1.52 and a beta of 1.32. The firm has a 50-day simple moving average of $411.82 and a 200-day simple moving average of $403.75.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last issued its quarterly earnings results on Thursday, August 25th. The specialty retailer reported $5.70 EPS for the quarter, beating the consensus estimate of $4.96 by $0.74. Ulta Beauty had a net margin of 12.08% and a return on equity of 64.33%. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter last year, the company posted $4.56 EPS. The firm’s revenue was up 16.8% compared to the same quarter last year. On average, sell-side analysts expect that Ulta Beauty will post 21.22 earnings per share for the current fiscal year.
Insider Buying and Selling at Ulta Beauty
In other news, insider Anita Jane Ryan sold 594 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $440.53, for a total transaction of $261,674.82. Following the completion of the transaction, the insider now directly owns 2,482 shares of the company’s stock, valued at approximately $1,093,395.46. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Ulta Beauty news, insider Anita Jane Ryan sold 594 shares of Ulta Beauty stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $440.53, for a total value of $261,674.82. Following the transaction, the insider now owns 2,482 shares in the company, valued at approximately $1,093,395.46. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Catherine Ann Halligan sold 276 shares of Ulta Beauty stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $445.86, for a total transaction of $123,057.36. Following the completion of the transaction, the director now owns 2,168 shares in the company, valued at approximately $966,624.48. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Ulta Beauty
A number of institutional investors have recently added to or reduced their stakes in ULTA. CI Investments Inc. boosted its stake in Ulta Beauty by 1,016.7% during the 3rd quarter. CI Investments Inc. now owns 67 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 61 shares during the period. Private Capital Group LLC lifted its stake in Ulta Beauty by 265.0% during the second quarter. Private Capital Group LLC now owns 73 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 53 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Ulta Beauty by 59.1% during the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 26 shares during the last quarter. Global Trust Asset Management LLC acquired a new stake in Ulta Beauty during the third quarter valued at approximately $30,000. Finally, AllSquare Wealth Management LLC lifted its stake in Ulta Beauty by 188.5% during the third quarter. AllSquare Wealth Management LLC now owns 75 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 49 shares during the last quarter. Institutional investors and hedge funds own 89.20% of the company’s stock.
Ulta Beauty Company Profile
Ulta Beauty, Inc engages in the retail of beauty products. The company has one reportable segment, which includes retail stores, salon services, and e-commerce. Its products include makeup, skin care, tools and brushes, fragrance, and bath and body. Ulta was founded on January 9, 1990, and is headquartered in Bolingbrook, IL.