Ulta Beauty (ULTA) Given a $268.00 Price Target by Piper Jaffray Companies Analysts
Several other research analysts also recently issued reports on the stock. BidaskClub downgraded shares of Ulta Beauty from a hold rating to a sell rating in a report on Saturday, February 17th. Morgan Stanley restated a buy rating on shares of Ulta Beauty in a report on Wednesday, March 7th. Zacks Investment Research upgraded shares of Ulta Beauty from a hold rating to a buy rating and set a $246.00 price objective on the stock in a report on Monday, February 5th. ValuEngine cut shares of Ulta Beauty from a hold rating to a sell rating in a research note on Thursday, March 1st. Finally, Vetr raised shares of Ulta Beauty from a buy rating to a strong-buy rating and set a $237.11 target price on the stock in a research note on Monday, April 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Ulta Beauty presently has a consensus rating of Buy and an average target price of $262.55.
Ulta Beauty opened at $246.91 on Tuesday, Marketbeat.com reports. Ulta Beauty has a 52-week low of $187.96 and a 52-week high of $314.86. The stock has a market cap of $15.35 billion, a PE ratio of 30.26, a P/E/G ratio of 1.27 and a beta of 0.64.
Ulta Beauty announced that its Board of Directors has authorized a stock buyback program on Thursday, March 15th that permits the company to buyback $625.00 million in outstanding shares. This buyback authorization permits the specialty retailer to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.
In other Ulta Beauty news, Director Lorna Nagler sold 3,000 shares of the company’s stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $228.35, for a total transaction of $685,050.00. Following the sale, the director now directly owns 8,336 shares of the company’s stock, valued at $1,903,525.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mary N. Dillon sold 16,286 shares of the company’s stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $206.99, for a total transaction of $3,371,039.14. Following the sale, the chief executive officer now directly owns 100,984 shares in the company, valued at $20,902,678.16. The disclosure for this sale can be found here. Insiders have sold 41,286 shares of company stock worth $8,826,129 over the last ninety days. Insiders own 5.60% of the company’s stock.
Several hedge funds have recently made changes to their positions in ULTA. CI Global Investments Inc. acquired a new position in shares of Ulta Beauty during the fourth quarter worth approximately $135,756,000. HS Management Partners LLC lifted its position in shares of Ulta Beauty by 208.7% during the fourth quarter. HS Management Partners LLC now owns 699,365 shares of the specialty retailer’s stock worth $156,420,000 after purchasing an additional 472,850 shares in the last quarter. Millennium Management LLC lifted its position in shares of Ulta Beauty by 1,094.2% during the fourth quarter. Millennium Management LLC now owns 362,115 shares of the specialty retailer’s stock worth $80,991,000 after purchasing an additional 331,792 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of Ulta Beauty by 111.3% during the fourth quarter. TIAA CREF Investment Management LLC now owns 591,905 shares of the specialty retailer’s stock worth $132,385,000 after purchasing an additional 311,725 shares in the last quarter. Finally, Two Creeks Capital Management LP acquired a new position in shares of Ulta Beauty during the fourth quarter worth approximately $64,358,000. Institutional investors own 89.84% of the company’s stock.
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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