Ulta Beauty Inc (NASDAQ:ULTA) has earned a consensus rating of “Buy” from the twenty-eight brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, sixteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $259.51.
ULTA has been the subject of a number of research reports. OTR Global upgraded Ulta Beauty to a “positive” rating in a research note on Monday, May 21st. Goldman Sachs Group lowered Ulta Beauty from a “buy” rating to a “neutral” rating and raised their target price for the company from $241.00 to $272.00 in a research note on Tuesday, June 5th. Piper Jaffray Companies set a $268.00 target price on Ulta Beauty and gave the company a “buy” rating in a research note on Tuesday, May 29th. Robert W. Baird set a $290.00 target price on Ulta Beauty and gave the company a “buy” rating in a research note on Wednesday, May 30th. Finally, Buckingham Research raised their target price on Ulta Beauty from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, May 30th.
In other news, CFO Scott M. Settersten sold 7,032 shares of the business’s stock in a transaction dated Tuesday, June 5th. The stock was sold at an average price of $253.09, for a total transaction of $1,779,728.88. Following the completion of the transaction, the chief financial officer now directly owns 9,380 shares in the company, valued at approximately $2,373,984.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Catherine Ann Halligan sold 400 shares of the business’s stock in a transaction dated Tuesday, June 5th. The stock was sold at an average price of $252.44, for a total value of $100,976.00. Following the transaction, the director now owns 3,188 shares of the company’s stock, valued at $804,778.72. The disclosure for this sale can be found here. Insiders have sold a total of 107,318 shares of company stock valued at $25,421,438 over the last 90 days. Corporate insiders own 5.60% of the company’s stock.
Shares of ULTA traded down $2.37 during mid-day trading on Monday, hitting $245.15. The company’s stock had a trading volume of 17,119 shares, compared to its average volume of 1,204,694. Ulta Beauty has a one year low of $187.96 and a one year high of $303.51. The stock has a market capitalization of $15.16 billion, a price-to-earnings ratio of 30.04, a P/E/G ratio of 1.25 and a beta of 0.62.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, May 31st. The specialty retailer reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.22. Ulta Beauty had a return on equity of 32.15% and a net margin of 9.67%. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the prior year, the business earned $1.91 earnings per share. Ulta Beauty’s revenue for the quarter was up 17.4% compared to the same quarter last year. equities research analysts anticipate that Ulta Beauty will post 10.84 EPS for the current fiscal year.
Ulta Beauty declared that its board has initiated a stock buyback program on Thursday, March 15th that authorizes the company to buyback $625.00 million in shares. This buyback authorization authorizes the specialty retailer to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.
Ulta Beauty Company Profile
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.
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