Ulta Beauty Inc. (NASDAQ:ULTA) – Investment analysts at William Blair dropped their Q4 2018 earnings per share estimates for shares of Ulta Beauty in a research note issued to investors on Friday. William Blair analyst D. Hofkin now forecasts that the specialty retailer will post earnings of $2.76 per share for the quarter, down from their previous forecast of $2.81. William Blair also issued estimates for Ulta Beauty’s Q2 2019 earnings at $2.27 EPS, Q3 2019 earnings at $2.08 EPS and Q4 2019 earnings at $3.22 EPS.
Several other brokerages have also weighed in on ULTA. Jefferies Group reaffirmed a “positive” rating and issued a $221.64 target price (down from $300.00) on shares of Ulta Beauty in a research report on Tuesday. J P Morgan Chase & Co reissued a “buy” rating and issued a $270.00 price target on shares of Ulta Beauty in a research note on Friday, December 1st. KeyCorp set a $270.00 price target on Ulta Beauty and gave the stock a “buy” rating in a research note on Sunday. Loop Capital set a $300.00 price target on Ulta Beauty and gave the stock a “buy” rating in a research note on Sunday. Finally, BMO Capital Markets set a $225.00 target price on Ulta Beauty and gave the company a “hold” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $257.39.
Ulta Beauty (NASDAQ:ULTA) traded down $0.83 during mid-day trading on Monday, hitting $223.14. The company had a trading volume of 1,279,795 shares, compared to its average volume of 1,022,109. The firm has a market cap of $13,640.00, a price-to-earnings ratio of 28.86, a P/E/G ratio of 1.37 and a beta of 0.55. Ulta Beauty has a twelve month low of $187.96 and a twelve month high of $314.86.
Institutional investors and hedge funds have recently bought and sold shares of the company. Comerica Bank increased its holdings in shares of Ulta Beauty by 37.0% during the 3rd quarter. Comerica Bank now owns 39,592 shares of the specialty retailer’s stock valued at $7,986,000 after acquiring an additional 10,690 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Ulta Beauty during the 2nd quarter valued at about $552,000. CIBC World Markets Inc. increased its holdings in shares of Ulta Beauty by 63.0% during the 2nd quarter. CIBC World Markets Inc. now owns 9,994 shares of the specialty retailer’s stock valued at $2,872,000 after acquiring an additional 3,861 shares during the last quarter. Eagle Asset Management Inc. increased its holdings in shares of Ulta Beauty by 38.1% during the 2nd quarter. Eagle Asset Management Inc. now owns 117,681 shares of the specialty retailer’s stock valued at $33,814,000 after acquiring an additional 32,455 shares during the last quarter. Finally, Alps Advisors Inc. increased its holdings in shares of Ulta Beauty by 34.8% during the 3rd quarter. Alps Advisors Inc. now owns 2,613 shares of the specialty retailer’s stock valued at $591,000 after acquiring an additional 674 shares during the last quarter. 88.45% of the stock is owned by institutional investors.
In other news, Director Charles Heilbronn purchased 127,889 shares of the business’s stock in a transaction dated Friday, October 13th. The stock was bought at an average cost of $195.21 per share, with a total value of $24,965,211.69. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 5.20% of the stock is owned by company insiders.
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Ulta Beauty Company Profile
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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