Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) has earned an average rating of “Moderate Buy” from the twenty-six brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $564.75.
ULTA has been the topic of a number of recent analyst reports. UBS Group increased their target price on shares of Ulta Beauty from $590.00 to $640.00 in a research report on Thursday, May 11th. Telsey Advisory Group restated an “outperform” rating and set a $575.00 price target on shares of Ulta Beauty in a research note on Monday, March 6th. Morgan Stanley increased their price objective on Ulta Beauty from $510.00 to $535.00 and gave the company an “equal weight” rating in a report on Monday, March 13th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Ulta Beauty from $607.00 to $600.00 in a research report on Wednesday, March 8th. Finally, DA Davidson lifted their price objective on shares of Ulta Beauty from $545.00 to $605.00 in a research note on Friday, March 10th.
Insiders Place Their Bets
In other Ulta Beauty news, Director Mike C. Smith sold 400 shares of the business’s stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $521.63, for a total value of $208,652.00. Following the completion of the transaction, the director now directly owns 1,531 shares in the company, valued at approximately $798,615.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Ulta Beauty news, Director Mike C. Smith sold 400 shares of Ulta Beauty stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $521.63, for a total value of $208,652.00. Following the completion of the sale, the director now owns 1,531 shares in the company, valued at approximately $798,615.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anita Jane Ryan sold 1,255 shares of the stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $544.69, for a total transaction of $683,585.95. Following the transaction, the insider now owns 2,491 shares in the company, valued at $1,356,822.79. The disclosure for this sale can be found here. Insiders have sold 7,355 shares of company stock valued at $3,821,507 in the last ninety days. Insiders own 2.00% of the company’s stock.
Institutional Trading of Ulta Beauty
Ulta Beauty Trading Up 0.4 %
Shares of NASDAQ:ULTA opened at $515.97 on Tuesday. The company has a market cap of $25.84 billion, a PE ratio of 21.48, a P/E/G ratio of 1.67 and a beta of 1.31. The company’s 50 day moving average is $526.85 and its two-hundred day moving average is $495.27. Ulta Beauty has a 52 week low of $330.80 and a 52 week high of $556.60.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last released its quarterly earnings data on Thursday, March 9th. The specialty retailer reported $6.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.53 by $1.15. The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Ulta Beauty had a return on equity of 67.19% and a net margin of 12.17%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.41 EPS. As a group, equities research analysts expect that Ulta Beauty will post 25.24 EPS for the current year.
About Ulta Beauty
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.
- Get a free copy of the StockNews.com research report on Ulta Beauty (ULTA)
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