Ulta Beauty (ULTA) Earning Favorable Media Coverage, Study Shows

News coverage about Ulta Beauty (NASDAQ:ULTA) has been trending positive on Friday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ulta Beauty earned a news impact score of 0.32 on Accern’s scale. Accern also assigned news coverage about the specialty retailer an impact score of 45.7191105097382 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

ULTA has been the topic of a number of recent research reports. Goldman Sachs Group lowered shares of Ulta Beauty from a “conviction-buy” rating to a “buy” rating and dropped their price objective for the company from $290.00 to $267.00 in a research note on Monday, October 16th. Robert W. Baird set a $265.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Monday, October 23rd. Cowen set a $336.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Friday, October 20th. KeyCorp set a $270.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Monday, November 27th. Finally, Loop Capital set a $300.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Monday, November 27th. Eleven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $262.91.

Ulta Beauty (NASDAQ:ULTA) opened at $209.09 on Friday. Ulta Beauty has a one year low of $187.96 and a one year high of $314.86. The stock has a market cap of $12,750.00, a PE ratio of 26.74, a PEG ratio of 1.06 and a beta of 0.54.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.03. Ulta Beauty had a net margin of 8.82% and a return on equity of 29.64%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. research analysts expect that Ulta Beauty will post 8.36 EPS for the current fiscal year.

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About Ulta Beauty

Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.

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