Ulta Beauty Inc. (ULTA) PT Set at $250.00 by Royal Bank Of Canada
Ulta Beauty Inc. (NASDAQ:ULTA) received a $250.00 price target from equities research analysts at Royal Bank Of Canada in a research report issued on Monday. The brokerage currently has a “hold” rating on the specialty retailer’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 23.89% from the stock’s previous close.
ULTA has been the topic of several other reports. Piper Jaffray Companies reiterated an “overweight” rating and set a $260.00 target price (down from $330.00) on shares of Ulta Beauty in a research report on Tuesday, September 5th. Robert W. Baird reiterated an “outperform” rating and set a $295.00 target price (down from $335.00) on shares of Ulta Beauty in a research report on Friday, August 25th. They noted that the move was a valuation call. BMO Capital Markets reiterated an “outperform” rating and set a $345.00 target price on shares of Ulta Beauty in a research report on Thursday, July 27th. KeyCorp reiterated a “buy” rating and set a $270.00 target price (down from $300.00) on shares of Ulta Beauty in a research report on Tuesday, October 3rd. Finally, Goldman Sachs Group, Inc. (The) downgraded Ulta Beauty from a “conviction-buy” rating to a “buy” rating and lowered their target price for the company from $290.00 to $267.00 in a research report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eleven have given a buy rating to the stock. Ulta Beauty has an average rating of “Hold” and an average price target of $274.11.
Shares of Ulta Beauty (NASDAQ ULTA) opened at 201.79 on Monday. Ulta Beauty has a one year low of $187.96 and a one year high of $314.86. The stock has a market cap of $12.40 billion, a PE ratio of 26.86 and a beta of 0.57. The company’s 50-day moving average price is $213.62 and its 200-day moving average price is $255.78.
Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share for the quarter, beating the Thomson Reuters’ 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%. Ulta Beauty’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.43 earnings per share. Equities research analysts anticipate that Ulta Beauty will post $8.38 earnings per share for the current year.
In other news, Director Michael R. Macdonald bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average cost of $208.37 per share, for a total transaction of $416,740.00. Following the completion of the transaction, the director now owns 6,224 shares of the company’s stock, valued at $1,296,894.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles Heilbronn bought 127,889 shares of the firm’s stock in a transaction that occurred on Friday, October 13th. The stock was purchased at an average price of $195.21 per share, for a total transaction of $24,965,211.69. The disclosure for this purchase can be found here. 5.20% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System lifted its position in shares of Ulta Beauty by 0.3% in the third quarter. State Board of Administration of Florida Retirement System now owns 91,523 shares of the specialty retailer’s stock worth $20,690,000 after buying an additional 260 shares in the last quarter. Wedbush Securities Inc. lifted its position in shares of Ulta Beauty by 8.5% in the third quarter. Wedbush Securities Inc. now owns 7,596 shares of the specialty retailer’s stock worth $1,717,000 after buying an additional 598 shares in the last quarter. Andra AP fonden lifted its position in shares of Ulta Beauty by 9.1% in the third quarter. Andra AP fonden now owns 14,400 shares of the specialty retailer’s stock worth $3,255,000 after buying an additional 1,200 shares in the last quarter. Barrington Strategic Wealth Management Group LLC purchased a new stake in shares of Ulta Beauty in the third quarter worth about $352,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Ulta Beauty by 694.9% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 18,083 shares of the specialty retailer’s stock worth $4,088,000 after buying an additional 15,808 shares in the last quarter. Institutional investors own 87.37% of the company’s stock.
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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