Ulta Beauty Inc. (ULTA) Sets New 1-Year Low at $195.52
Ulta Beauty Inc. (NASDAQ:ULTA) shares hit a new 52-week low during trading on Thursday . The company traded as low as $195.52 and last traded at $195.27, with a volume of 3,418,666 shares changing hands. The stock had previously closed at $207.89.
ULTA has been the topic of a number of research reports. Zacks Investment Research raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $301.00 price objective on the stock in a report on Thursday, July 13th. Morgan Stanley decreased their price objective on Ulta Beauty from $313.00 to $245.00 and set an “equal weight” rating on the stock in a report on Monday, August 28th. Cleveland Research lowered Ulta Beauty from a “buy” rating to a “neutral” rating in a report on Thursday. Deutsche Bank AG reiterated a “hold” rating and set a $300.00 target price on shares of Ulta Beauty in a research report on Monday, June 26th. Finally, Telsey Advisory Group cut their target price on Ulta Beauty from $360.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $279.96.
The company has a market cap of $11.91 billion, a P/E ratio of 25.80 and a beta of 0.57. The firm’s 50-day moving average price is $222.29 and its 200-day moving average price is $264.19.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.05. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.43 EPS. Equities research analysts forecast that Ulta Beauty Inc. will post $8.38 EPS for the current fiscal year.
In other Ulta Beauty news, Director Michael R. Macdonald acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average cost of $208.37 per share, with a total value of $416,740.00. Following the transaction, the director now owns 6,224 shares of the company’s stock, valued at approximately $1,296,894.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.20% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Fulton Bank N.A. lifted its position in Ulta Beauty by 9.9% in the 3rd quarter. Fulton Bank N.A. now owns 9,883 shares of the specialty retailer’s stock valued at $2,234,000 after acquiring an additional 887 shares in the last quarter. Bath Savings Trust Co lifted its position in Ulta Beauty by 22.0% in the 3rd quarter. Bath Savings Trust Co now owns 5,125 shares of the specialty retailer’s stock valued at $1,159,000 after acquiring an additional 925 shares in the last quarter. Ashford Capital Management Inc. lifted its position in Ulta Beauty by 2.2% in the 2nd quarter. Ashford Capital Management Inc. now owns 2,428 shares of the specialty retailer’s stock valued at $698,000 after acquiring an additional 53 shares in the last quarter. Toronto Dominion Bank lifted its position in Ulta Beauty by 139.1% in the 2nd quarter. Toronto Dominion Bank now owns 37,763 shares of the specialty retailer’s stock valued at $10,849,000 after acquiring an additional 21,966 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in Ulta Beauty by 18.1% in the 2nd quarter. Cetera Investment Advisers now owns 1,401 shares of the specialty retailer’s stock valued at $398,000 after acquiring an additional 215 shares in the last quarter. 87.91% of the stock is currently owned by institutional investors and hedge funds.
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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