Ulta Beauty (NASDAQ:ULTA) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Ulta Beauty (NASDAQ:ULTAGet Rating) from a hold rating to a buy rating in a research report report published on Tuesday morning.

Several other brokerages also recently commented on ULTA. Credit Suisse Group boosted their target price on Ulta Beauty from $475.00 to $485.00 and gave the stock an outperform rating in a research note on Wednesday, June 15th. Deutsche Bank Aktiengesellschaft cut their price target on Ulta Beauty from $522.00 to $466.00 in a report on Wednesday, May 25th. Robert W. Baird increased their price target on Ulta Beauty from $450.00 to $490.00 and gave the stock an outperform rating in a report on Friday, May 27th. DA Davidson upped their target price on Ulta Beauty from $465.00 to $490.00 and gave the stock a buy rating in a research report on Thursday, June 9th. Finally, Raymond James raised Ulta Beauty from an outperform rating to a strong-buy rating and increased their price target for the company from $475.00 to $485.00 in a research report on Wednesday, June 29th. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Ulta Beauty currently has a consensus rating of Moderate Buy and a consensus price target of $460.05.

Ulta Beauty Stock Up 1.5 %

NASDAQ ULTA opened at $377.80 on Tuesday. Ulta Beauty has a 12-month low of $330.80 and a 12-month high of $438.63. The firm’s 50 day moving average is $396.53 and its 200-day moving average is $387.45. The company has a market capitalization of $19.58 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 1.74 and a beta of 1.45.

Ulta Beauty (NASDAQ:ULTAGet Rating) last released its quarterly earnings data on Thursday, May 26th. The specialty retailer reported $6.30 EPS for the quarter, topping analysts’ consensus estimates of $4.44 by $1.86. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Ulta Beauty had a net margin of 12.03% and a return on equity of 60.83%. The company’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period in the previous year, the business posted $4.10 earnings per share. As a group, sell-side analysts expect that Ulta Beauty will post 20.07 EPS for the current year.

Insider Activity at Ulta Beauty

In related news, CFO Scott M. Settersten sold 32,532 shares of Ulta Beauty stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of $426.63, for a total transaction of $13,879,127.16. Following the completion of the transaction, the chief financial officer now directly owns 14,037 shares in the company, valued at $5,988,605.31. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 476 shares of Ulta Beauty 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 sale, the director now owns 2,393 shares in the company, valued at $937,673.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Scott M. Settersten sold 32,532 shares of the business’s stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $426.63, for a total value of $13,879,127.16. Following the completion of the sale, the chief financial officer now owns 14,037 shares in the company, valued at approximately $5,988,605.31. The disclosure for this sale can be found here. Insiders sold 46,207 shares of company stock worth $19,411,502 over the last three months. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Ulta Beauty

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Ulta Beauty by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 5,886,434 shares of the specialty retailer’s stock worth $2,344,096,000 after acquiring an additional 40,190 shares in the last quarter. BlackRock Inc. increased its stake in Ulta Beauty by 11.4% in the 4th quarter. BlackRock Inc. now owns 4,234,911 shares of the specialty retailer’s stock valued at $1,746,223,000 after purchasing an additional 434,595 shares in the last quarter. Wellington Management Group LLP grew its holdings in Ulta Beauty by 43.1% during the 1st quarter. Wellington Management Group LLP now owns 2,276,111 shares of the specialty retailer’s stock valued at $906,392,000 after buying an additional 685,026 shares during the last quarter. State Street Corp boosted its holdings in Ulta Beauty by 5.3% in the fourth quarter. State Street Corp now owns 2,208,301 shares of the specialty retailer’s stock valued at $910,571,000 after acquiring an additional 110,198 shares during the last quarter. Finally, Northern Trust Corp raised its position in Ulta Beauty by 7.4% in the fourth quarter. Northern Trust Corp now owns 625,289 shares of the specialty retailer’s stock valued at $257,832,000 after purchasing an additional 42,873 shares during the period. Hedge funds and other institutional investors own 89.20% of the company’s stock.

Ulta Beauty Company Profile

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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.

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