News articles about Ulta Beauty (NASDAQ:ULTA) have been trending somewhat positive on Thursday, Accern reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ulta Beauty earned a news impact score of 0.24 on Accern’s scale. Accern also gave headlines about the specialty retailer an impact score of 45.9709994973225 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Ulta’s Eyeshadow Palette Sale Includes Tarte & Urban Decay Palettes For Under $30 (bustle.com)
- Sephora vs Ulta: The Battle of Beauty’s Retail Giants (businessoffashion.com)
- Ulta Employee Leaves Company After Appearing in Shane Dawson Video (msn.com)
- Will Ulta Beauty’s (ULTA) Efforts Aid Earnings Beat in Q1? (finance.yahoo.com)
- The Best Memorial Day 2018 Beauty Sales to Shop This Weekend (glamour.com)
A number of analysts have commented on the company. Guggenheim raised Ulta Beauty from a “neutral” rating to a “buy” rating and set a $260.00 price objective for the company in a report on Monday, April 16th. BidaskClub raised Ulta Beauty from a “hold” rating to a “buy” rating in a report on Wednesday, April 18th. Morgan Stanley reissued a “buy” rating on shares of Ulta Beauty in a report on Wednesday, March 7th. Zacks Investment Research lowered Ulta Beauty from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. Finally, ValuEngine lowered Ulta Beauty from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $257.96.
Shares of Ulta Beauty traded down $1.25, hitting $251.72, during trading on Thursday, Marketbeat.com reports. The company’s stock had a trading volume of 906,845 shares, compared to its average volume of 1,176,139. The firm has a market cap of $15.29 billion, a PE ratio of 30.85, a P/E/G ratio of 1.26 and a beta of 0.64. Ulta Beauty has a 52 week low of $187.96 and a 52 week high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, March 15th. The specialty retailer reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.77 by ($0.02). The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. Ulta Beauty had a net margin of 9.44% and a return on equity of 30.40%. The business’s revenue was up 22.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.24 earnings per share. equities research analysts anticipate that Ulta Beauty will post 10.77 earnings per share for the current year.
Ulta Beauty declared that its board has initiated a stock repurchase plan on Thursday, March 15th that allows the company to repurchase $625.00 million in shares. This repurchase authorization allows the specialty retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
In related news, Director Dennis K. Eck sold 22,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 10th. The stock was sold at an average price of $216.82, for a total value of $4,770,040.00. Following the transaction, the director now owns 427,333 shares in the company, valued at $92,654,341.06. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lorna Nagler sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $228.35, for a total value of $685,050.00. Following the completion of the transaction, the director now owns 8,336 shares in the company, valued at approximately $1,903,525.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,286 shares of company stock valued at $8,826,129. 5.60% of the stock is currently owned by corporate insiders.
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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