A number of other equities analysts also recently issued reports on the company. Buckingham Research upgraded Ulta Beauty from a neutral rating to a buy rating and set a $225.00 price target on the stock in a research report on Tuesday, December 19th. They noted that the move was a valuation call. BidaskClub downgraded Ulta Beauty from a hold rating to a sell rating in a research report on Saturday, February 17th. Morgan Stanley upgraded Ulta Beauty from an equal weight rating to an overweight rating and increased their price target for the stock from $235.00 to $245.00 in a research report on Wednesday, January 17th. They noted that the move was a valuation call. Vetr upgraded Ulta Beauty from a buy rating to a strong-buy rating in a research report on Wednesday, December 27th. Finally, Oppenheimer reiterated a hold rating and set a $240.00 price target on shares of Ulta Beauty in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $250.64.
Ulta Beauty stock traded down $5.06 during trading on Friday, reaching $202.30. The company had a trading volume of 1,332,760 shares, compared to its average volume of 1,339,982. The firm has a market capitalization of $12,991.38, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 1.10 and a beta of 0.62. Ulta Beauty has a 12-month low of $187.96 and a 12-month high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, March 15th. The specialty retailer reported $2.75 EPS for the quarter, missing the consensus estimate of $2.77 by ($0.02). The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Ulta Beauty had a return on equity of 30.40% and a net margin of 9.44%. The firm’s revenue was up 22.6% on a year-over-year basis. During the same period last year, the business earned $2.24 earnings per share. research analysts predict that Ulta Beauty will post 10.74 EPS for the current year.
Ulta Beauty declared that its board has authorized a stock repurchase plan on Thursday, March 15th that permits the company to repurchase $625.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ULTA. Xact Kapitalforvaltning AB lifted its position in Ulta Beauty by 5.8% during the fourth quarter. Xact Kapitalforvaltning AB now owns 12,022 shares of the specialty retailer’s stock worth $2,689,000 after buying an additional 654 shares in the last quarter. GUARDCAP ASSET MANAGEMENT Ltd purchased a new position in Ulta Beauty during the fourth quarter worth approximately $10,135,000. William Blair Investment Management LLC purchased a new position in Ulta Beauty during the fourth quarter worth approximately $40,357,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in Ulta Beauty by 64.7% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,800 shares of the specialty retailer’s stock worth $626,000 after buying an additional 1,100 shares in the last quarter. Finally, Altman Advisors Inc. purchased a new position in Ulta Beauty during the fourth quarter worth approximately $1,750,000. Institutional investors and hedge funds own 91.94% of the company’s stock.
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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